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In the next few years, Britain will face a momentous choice in
Europe. Should it join a single currency in the European Union? Or
should it stay outside? This report is the result of an intensive
enquiry into the implications of that choice, led by Lord
Kingsdown, former Governor of the Bank of England. It examines the
pros and cons of British participation; the likely consequences for
the British economy, including inflation, interest rates and
foreign investment; and the broader political implications of the
choice. It makes an essential, non-party contribution to the
clarification of the British debate on Europe.
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