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BBC News - The UK's five tests; The Guardian - Special Reports - British business, taking sides; The Independent - Britain has passed five economic tests for single currency entry, says report [dead link ] HM Treasury, e-Comms Team. "Estimates of equilibrium exchange rates for sterling against the euro". webarchive.nationalarchives.gov.uk.
The United Kingdom did not seek to adopt the euro as its official currency for the duration of its membership of the European Union (EU), and secured an opt-out at the euro's creation via the Maastricht Treaty in 1992, wherein the Bank of England would only be a member of the European System of Central Banks. United Kingdom opinion polls showed ...
The Department for International Trade (DIT) [1] was a department of the United Kingdom Government, from July 2016 to February 2023. It was responsible for striking and extending trade agreements between the United Kingdom and foreign countries, as well as for encouraging foreign investment and export trade.
The United Kingdom–Crown Dependencies Customs Union (UK-CD Customs Union) or customs arrangements with the Crown Dependencies is a customs union that covers the British Islands. [4] [d] On 1 January 2021, the United Kingdom extended its membership of the World Trade Organization (WTO) to the Channel Islands. [6] [7] [8]
This article outlines the predicted impact of Brexit, the withdrawal of the United Kingdom (UK) from the European Union (EU) and the European Atomic Energy Community (EAEC or Euratom). Experts predicted different effects depending on the negotiated withdrawal agreement and the EU–UK Trade and Cooperation Agreement or whether the transition ...
In 2022, the United Kingdom's trade with the European Union accounted for 42% of the country's exports and 48% of its imports. [36] The United Kingdom has a highly efficient and strong social security system, which comprises roughly 24.5% of GDP. [4] [37] [3]
Relations between the European Union (EU) and the United Kingdom of Great Britain and Northern Ireland (UK) are governed, since 1 January 2021, by the EU–UK Trade and Cooperation Agreement (TCA). Relations trace back to the foundation of the European Communities , the European Union's predecessor, in 1957.
In a letter to the Guardian, more than 300 prominent historians urged the United Kingdom to remain in the European Union. The letter said, "On 23 June, we face a choice: to cast ourselves adrift, condemning ourselves to irrelevance and Europe to division and weakness; or to reaffirm our commitment to the EU and stiffen the cohesion of our ...