This has been discussed and planned since the 1970s'. It has always been the aim of the European Union to work towards economic and monetary union. This should be achieved when a single European currency has been adopted by all the member countries of the union. The debate over whether Britain should join the European Monetary Union has been the highest point of the political agenda. The issue divided John Majors' Conservative Party. In order to qualify for joining the Monetary Union criteria had to be met. This was a convergence of all the European communities economies. To help achieve...
not having a volatile economy cyclical unemployment will also decrease. The criteria for joining the EMU have had benefits on the labour market. Intra-European trade is likely to increase as a result of the increased transparency and reduced transaction costs. This will lead to healthier 'exports' for the UK. The Stability Pact of EMU will prevent nation states from reckless taxation and public expenditure policies.

Therefore I believe that it is in Britains best economic reasons to join the EMU, and with a strong economy opposition from europhiles and nationalist groups will fall on deaf ears.