UK Voted No to Joining the Euro

World | June 9, 2003, Monday // 00:00

Key economic tests for ditching the pound and joining the euro have not yet been met, UK Chancellor Gordon Brown said in an historic statement in UK's House of Commons, revealing the government's verdict on UK membership of the euro. Four of the five Treasury tests on the currency are yet to be met, Brown explained. He added that a referendum bill would be unveiled in the autumn to pave the way for a possible referendum next year.

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