Why don't we use Euros?

Question

Why didn't the United Kingdom change it's currency over to the Euro when the rest of Europe did?

Answer 1

Mostly because the British pound is doing better than the Euro. The British people or government (I can't remember if Britain held a vote on the subject) decided that keeping the pound would be the better option, rather than tying their currency to all of the ailing economies of Europe. It's a sign of confidence in their own economy to outperform the others.

Another factor, is their relations with the US. The Euro is a great tool for Europe to improve its status vis a vis the US. Britain had no need to improve its status due to its special relationship with the United States.

Answer 2

Because it believes its currency is more valuable than if it joined the group that converted to the Euro. The one currency benefits some countries and has hurt the currency of others.

Answer 3

Most of the money that changes hands does not actually exist. It's all an illusion that only works if people have confidence in it. Every so often a country loses confidence in its currency and you have to take suitcases full of notes to buy a loaf of bread.

Confidence in the currency depends largely on politicians. In the UK, we're more prepared to believe the confidence tricksters in Westminster than those in Brussels.

Answer 4

The exchange rate is so good for the pound. It's worth almost double the Euro. It would've cost a lot of people a lot of money. It's the same way with other European countries that didn't change over.

Answer 5

We don,t use the Euro because this is Great Britain and we don,t want the Bloody Euro , we have enough problems with the Army of so called "immigrants" particularly the Muslims who want to change and take over our country , I hope this clears up your Little Problem for you.

Answer 6

Because we have, so far, shown more sense, no thanks to the government though. Not all European countries have joined the EU. If we had joined the Euro earlier, we would have had even greater house price inflation and general price inflation, because Euro interest rates were much lower than ours.

The main reason, however, for not joining, is that it would have lead inevitably to a loss of sovereignty and hastened the federalisation of the EU. Some of our less patriotic and less intelligent citizens seem to still want that. They are more dangerous than 'al quada'.

Answer 7

The euro sucks - look at its value.

In europe everyone breaks the stability pacts = international lack of trust in it. All euro countries have different tax and spend and find it hard to believe they can be unified as is being shown by the rule breaking.

Answer 8

Because the use of Euros would entail losing control of ones monetary policies to the whims of the EU. When one controls one's own currency, you have greater economic policy flexibility to control inflation and meet economic crises, etc.

Currency is essential to sovereignty. If I were British, I'd run far, far away from the socialist nightmare of the EU.

Answer 9

cause they like to think there something special /different,i mean the rest of Europe is happy enough using the euro, saves time too no need to change currency when travelling,about time they got a clue and joined the rest of Europe

Answer 10

Euro-scepticism...some of it well founded. Once you're in, you're effectively in for ever & we have never been in a situation where it would be both economically & politically advantageous to join.

Infact, it would probably be political suicide for a politician to get rid of the pound in the next decade at least.