Economic and Monetary Union policy
The UK government's policy on Economic and Monetary Union (EMU)On 9 June 2003 the Government published the assessment of the five economic tests, the 18 supporting studies and the third outline national changeover plan.
The assessment sets out the real benefits to Britain of membership of the single currency, shows that with the achievement of sustainable convergence and flexibility all five tests could and can be met, and lays down the concrete and practical steps which the Government will follow – radical steps which set out a new direction for reform, steps which set out the clear path ahead for Britain. At all times the Government has and will put stability and the national economic interest first.
In this section:
- UK Membership of the Single Currency Assessment of the Five Economic tests: June 2003 full report.
- Statement by Gordon Brown on UK Membership of the Single Currency The Chancellor's speech to the House of Commons on 9 June 2003.
- EMU studies on membership of the single currency 18 studies accompanying the Treasury's assessment of the five economic tests.
- National Changeover Plan Third outline changeover plan includes updates on all areas of euro preparations.
- Other documents published by the Treasury on Economic and Monetary Union Other documents published by the Treasury on Economic and Monetary Union including the October 1997 assessment and David Currie's the Pros and Cons of EMU