Quote Originally Posted by Furunculu5 View Post
our exporters will benefit, our financial sector will suffer, but on balance...............
Exporting benefit of inflation is overrated. Sure it's there, but quite limited, it's beneficial between let's say 1-3%, depending on the circumstances. Over that cons far outweigh the pros. But let's say it's beneficial, doesn't matter how high. It will make British goods cheaper on the continent, thus stimulation British exports but at the same time it will make continental goods more expensive in Britain, and you're importing more from Germany then you're exporting to Germany, same with France, Netherlands, Belgium etc...

I think in the long run it would be beneficial for UK to switch to euro. It's not like British economy is going to collapse if it doesn't but holding on to something because of conservatism or national pride when other option offer practical benefits isn't the best way to go.