Figures taken by a recent poll have showed that small business leaders are more than eager to join forces with the Euro and are prepared to ditch the pound.  However, the small business leaders are not amongst the majority of Britons as 71 per cent of British people would rather not walk around with a pocketful of Euros.

The YouGov survey showed that small business leaders clearly felt deterred by the current state of the pound and felt that the safest move would be to make room for the Euro in Britain.  However, another survey, the ICM survey for BBC radio showed that almost ¾ Brits felt that adopting the Euro should be a last resort.  The results show that the British population is clearly unfazed by the recent scares that the pound has shown, even though the Bank of England cut interest rates in attempt to save the floundering currency.

The news surfaced as the Conservative party announced that they would not be bringing the Euro to the country if they won the election.  The Conservative party is currently ahead of the Labour party in the polls and it would seem that this recent revelation would put the Conservative party even more in the general public’s favour.

William Hague, the Conservative foreign affairs specialist, slammed the possibility of even thinking about abandoning the pound, claiming that the thought of ditching the pound after it had lost its value was “a pretty stupid one — rather like thinking that if you have let your house run down in value until it is the same as a smaller one next door, it is a good time to swap.  We all know that in that situation you have to learn to look after your house better.  A Conservative government under (party leader) David Cameron would have no ministers telling Brussels we would be better off without the pound and no goal of joining the euro one day. We would never join the euro.”

Caroline Flint, the Europe minister, agrees with Hague, stating in a recent debate that joining the Euro would be a mistake that would provide absolutely no positive backlash.

“I actually agree with the people who took part in this opinion poll.  It’s not surprising to me… when people are facing problems with their housing, problems on the job front.  Those are the first order issues we have to deal with, and changing the currency is not a solution to tackling the financial stability,” claimed Flint.

However, in the YouGov survey the figures showed that 41 per cent of those questioned believed that the recent economic downward spiral has strengthened faith in the Euro while 32 per cent believed that the opposite had occurred.

The chairman of Business for New Europe, Roland Rudd, declared that business leaders were leaning towards the idea of introducing the Euro to Britain, saying, “Business leaders appreciate the success of the euro over its first decade. It has defied the doomsayers who predicted failure.”

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