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should we hell as do so.... question borrowed from http://uk.answers.yahoo.com/question/index;_ylt=Ah0iCVGqHvFavW.ILyx5zxwNT31G;_ylv=3?qid=20130117174344AAbslww after it was best answered part way through answering the bloody thing.
in UK Politics by Experienced Beginner (339 points)

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Best answer
Refer back in the history books, c. early 1990's... ERM crisis..........
http://johnredwoodsdiary.com/2011/11/04/the-euro-looks-like-the-erm/
http://www.dailymail.co.uk/news/article-2188912/The-case-Europe-Doomsayers-wail-euro-break-trigger-Armageddon-That-s-said-leaving-ERM--sparked-economic-boom.html

We can do perfectly well (and better) without the EU and it's silly currency.

Joining would seriously damage the City, as the EU are hell bent on doing so......
http://www.telegraph.co.uk/finance/economics/8825352/EU-financial-regulation-could-harm-UK-growth-CBI-warns.html
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