JOINING THE EURO

Motion Text

That this House notes that Her Majesty's Government will publish its assessment of the five economic tests on euro membership by June; further notes the overwhelming evidence of economic convergence between the United Kingdom and the euro zone, of an increase in trade between euro countries and of a decline in inward investment into the UK since the successful launch of the euro; is concerned that by staying out of the euro Britain risks economic isolation through a further fall in trade and inward investment; regards it is essential for the UK's own economic prosperity that it plays a leading role in the development of Europe's economy; recognises that it is almost impossible to play that role while remaining outside the euro; and looks forward to a successful referendum on the UK's membership of the euro in this Parliament.