If we stay outside the currency, sterling will be a fluctuating currency. We would see fluctuations up and down. People in the Gulf and around the world would want to trade in euros or dollars and let British services or industry take the risk. You can pay taxes in euros and issue shares in euros. You can even receive government grants in euros.
Most companies like to eliminate risk.
Whatever their differences, both sides welcome informed debate of the real issues. Not enough people understand what it means to be in or out. Voters still have time to learn, as a referendum is not expected before the next general election, scheduled for the year 2002. But with the euro having lost eight per cent of its value against the dollar in its first two months of trading, it is clear that anything could happen before they are asked to decide. The most comprehensive survey of executive salaries in the region.