Has the ongoing recession pushed the UK closer to Europe?
In a move which is sure to court controversy in the UK, a number of EU senior ministers have been quoted as suggesting the UK is ready to adopt the euro. It seems as though ministers in Europe are using the ongoing recession to try and hammer away at the UK door which has been firmly closed for many years. There are concerns that the UK government may well be susceptible to a new welcome into the inner sanctum of the euro.
Not only will it cause controversy with other leading political parties, but it will also reignite the demands for a national referendum on the euro to see exactly how the UK population feels on the subject. Many will recall that a referendum was promised and never delivered with the Labour Party using a technical approach to suggest the new "treaty" was not a treaty in the popular sense of the term.
This is probably the last thing which the UK community need at this moment in time as they fight on a number of different fronts to ensure the UK does not collapse under a mountain of debt and a slowing economy.
Share this..
Related stories
Premier League Clubs boost House Prices
Research from Halifax has shown that owners of houses in the same districts as Premier League Football clubs have benefited from a rise in value of their property of 137pc over the last 10 years. This rise equates to adding £404 to the average house per week for a period of 10 years. House prices over the last year have fallen dramatically in some areas, but those in the same district as to...
Read MoreIs the UK already in recession?
The revelation by Ernst & Young that the UK is already in recession with economic growth forecast to fall this year and fall further next year to 1% will shock many. Over the last few weeks we have been subjected to a barrage of victorious headlines stating that the rescue package was working and the UK would be move forward over the next few months. But this is certainly not on the cards yet!
How will the UK economy perform in 2010?
As we move towards the final few days of 2009 all eyes are starting to move towards 2010 and the prospects for the UK economy. This is an economy which only two years ago was flying high and one of the leaders in the world but has now fallen by the wayside and is lagging countries such as Denmark. So what exactly can we expect from the UK economy in 2010? Whichever political party wins the next...
Read MoreDow Jones lifted by retail sales
The main share index in the United States climbed to another record high yesterday after news of strong retail sales reassured investors.On Wall Street the Dow Jones industrial average closed up more than two per cent, with the stock market also cheered by developments in the mining sector.After jumping 283.86 points the index finished on a record 13,861.73 points its strongest daily gain s...
Read MoreShould the Bank of England really be independent?
Earlier this week we saw the beginnings of what could turn out to be a major spat between the UK government and the Bank of England. Gordon Brown came out with a suggestion that a tax on all financial transactions should be introduced worldwide in order to create a fund which would bailout the financial sector in the event of future credit crunch like situations. However, Mervyn King pointedly sid...
Read More