Just wait until the next currency crisis hits and the Pound falls below Euro parity. Since the introduction of the Euro in 2000 the Pound has already lost almost 30% of its value in a direct comparison and could not recover since the Brexit vote.
Regardless of (arguable) merit, the UK will never switch to the Euro. For all that the British Empire has fallen from glory, the GBP is over 1200 years old which makes it the oldest currency still in use, and it is still a respected & stable currency.
They would never get rid of it for a currency controlled by the ECB, it would be political suicide to even propose such a thing.
The name is 1200 years old. But the pound of the 800s was only similar to now in name. Not just decimalization. But we were on the gold standard then. Heck, even pence has changed to new pence.
In the unlikely event, we are ever willing and welcome to join the EU again. If we are forced to accept the Euro. The EU is very likely to allow us to print our own. And name it as we like. So options can exist.
As or it being ECB controlled. The idea that any nation has full control over its currency is becoming less logical. As decisions by other nations have too much effect. Back in empire days when the UK had the buying power to effect other nations. The logic existed. But now the events in the US more and more so ECU nations and china. Effect the value of our currency more than actions BOE. Heck, even PM lettuce head was unable to change its value as much as US bank investments in 2008.
If our buying power continues to drop. There will eventually become a point where the idea of a larger group of nations buying power will appeal. More so as the generation raised in EU membership becomes the elderly voters of today.
Just wait until the next currency crisis hits and the Pound falls below Euro parity. Since the introduction of the Euro in 2000 the Pound has already lost almost 30% of its value in a direct comparison and could not recover since the Brexit vote.
Regardless of (arguable) merit, the UK will never switch to the Euro. For all that the British Empire has fallen from glory, the GBP is over 1200 years old which makes it the oldest currency still in use, and it is still a respected & stable currency.
They would never get rid of it for a currency controlled by the ECB, it would be political suicide to even propose such a thing.
The name is 1200 years old. But the pound of the 800s was only similar to now in name. Not just decimalization. But we were on the gold standard then. Heck, even pence has changed to new pence.
In the unlikely event, we are ever willing and welcome to join the EU again. If we are forced to accept the Euro. The EU is very likely to allow us to print our own. And name it as we like. So options can exist.
As or it being ECB controlled. The idea that any nation has full control over its currency is becoming less logical. As decisions by other nations have too much effect. Back in empire days when the UK had the buying power to effect other nations. The logic existed. But now the events in the US more and more so ECU nations and china. Effect the value of our currency more than actions BOE. Heck, even PM lettuce head was unable to change its value as much as US bank investments in 2008.
If our buying power continues to drop. There will eventually become a point where the idea of a larger group of nations buying power will appeal. More so as the generation raised in EU membership becomes the elderly voters of today.