As a member of the Conservative Party , I am happy to confirm my position
(with a degree of technical knowledge and experience too) – which is that a
common currency, as a concept, is seriously flawed economically and I shall
vote against it every time.
The only vote worth using to this end on June 7 is for Conservative
candidates. All the others will return pro-euro members, including the UK
Independence Party by default.
The economic conditions will never be right. We are the fourth-biggest
economy in the world and the second-biggest overseas investor.
We enjoy (and have continued to enjoy since the euro began without us) an
escalating flow of inward investment too as the benefits of being on the
European doorstep, capital availability, regulations, available work-force,
English language, legal system, etc, already attest.
Just think – the UK has had a common currency for centuries. It does not
take an expert to realise that economic policy is a compromise covering the
affluent South-east, crofters in Scotland, Northern Ireland, Wales and the
far reaches of the South-west. How on earth could a common economic policy
be right for perhaps Poland, Ireland, Sweden and Portugal?
Rest assured, UKIP, that most Conservatives feel the same way as you do
about this issue, yet realise that the only way to fight to protect the
pound (and economic common sense) is from within the Conservative Party.
However, I recognise the practical benefit of trading with neighbours and
of having a trading bloc big enough to counter the others in the world,
too. Still, being a club member does not mean we have to go to extremes of
federalism and single economic strategies, as is inevitable under Labour
and Liberal Democrat policies.
Let us instead enjoy the wonderful individuality of nation states all
bringing different flavours and skills to the party, a concept as promoted
by the Conservatives. This is not xenophobic – it is about respecting each
Issues of “convenience in trading” and “protection against short-term
currency fluctuations” could be resolved already and without needing to
have a common currency. Of course, if these had been tackled, then the
“pros” would have little ammunition left, would they?
If we join the euro, as has now been “let out of the bag” by the incumbent
European president, it is inevitable that other economic policies will have
to continue conforming.
Can you imagine standard taxation and public spending policies set by
bureaucrats in Frankfurt? You cannot have a common currency without a
common interest rate.
Braunton, North Devon