Should the UK adopt the euro?
The UK uses the pound sterling and is not in the euro. It secured a formal opt-out in 1992, and since leaving the EU in 2020 it has had no obligation or process to join. Prime Minister Andy Burnham is pressing for closer EU ties ahead of a Brussels summit expected around 20 November 2026. That agenda covers border checks, carbon trading and a youth scheme, and does not include the currency. A June 2026 YouGov poll found 49% of people would be less likely to back rejoining the EU if it meant adopting the euro. Sterling recently reached a 16-month high against the euro.
48 Opinions
Joining the Euro would remove an economic lever in interest rate policy. The single market we were a member of was all that was needed to cooperate with our European brethren.
Europe would be better adopting the pound!! Wee Mr Macron !!
We ran this scenario with the ERN and ut was a disaster verging in economies, one silver lining is that ut showed hiw rubbish the Con-servatives are, lol. Joking aside, negative equity was rather harmful, such as hampering mobility.
No, No, No…why would we sacrifice financial sovereignty to the European Central Bank? Although I can see it might be a condition if we suffer a sovereign debt crisis and have to go to ECB or IMF for a bailout.
No, we must remain control of our currency and in doing so control our interest rates without EU interference.
No we are NOT part of the euro zone we should control our own currency and borders
It would just be another step closer to rejoining the EU
No. There are lots of reasons why we should definitely not adopt the Euro. From not being able to set our own interest rates, British taxpayers having to fund bailouts for other struggling EU countries, to a loss of fiscal independence, to name just a few. Margaret Thatcher was right when she said "No! No! No!"
Micro-level gains: - lower frictions - transparency - trade/investment Macro-level costs: - loss of policy flexibility to the ECB's one-size-fits-all monetary policy - the exchange rate as a shock absorber grok: "Empirical evidence on the net growth effect of euro membership for larger or more divergent economies has often been modest or mixed, while the eurozone crisis illustrated real costs for non-core members."
One if the few good things Gordon Brown did as Chancellor was keep Blair from joining the Euro. Look at the problems faced by previous Euro debt crises (next one is already looming) and how, with Sterling we were to some extent insulated. Yes, the Euro works for tourism, but it is not worth conceding our political and monetary independence.