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Why should Britain join the Euro in reference to Economical and Political benefits will it bring as a consequence? Many economists and politicians believe that in order to enhance Great Britain's power and influence amongst the European community we must join the Euro, the single currency of Europe. The aim of my report into this hugely debated issue is to examine the advantages and disadvantages that joining the Euro has for Great Britain and to come to a justified conclusion. Economical Advantages: The economical benefit, for Great Britain, in joining the Euro and participating in business in the Euro zone are as follows: -Transaction Costs: There will be no longer a cost involved in changing currencies (frictional cost); this will benefit tourists and firms who trade within the Euro zone. It has been estimated that this economical gain will be equal to 1% of Great Britain's GDP which is a significant benefit. There will also...

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