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The great euro debate: Economics The economy, and how it could be affected by joining the euro, is central to the debate. In November 1997 Gordon Brown set out five economic tests along which the country's readiness can be measured. Each test assesses whether the British economy will benefit or suffer from the move. Supporters of the euro believe that a shared cash currency would allow Britain to compare its own prices and wages more easily with those of its European counterparts. This, in turn, would lead to greater convergence. Joining the euro would almost certainly mean better conditions for businesses considering long-term investment in Britain. Significantly, many large multi-nationals are warning that they only chose to invest in Britain on the assumption that it would eventually join the euro. The strong pound means that companies like Nissan are not making a profit selling to Europe at the current exchange rate....

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