233k views
2 votes
What would likely be one advantage and one disadvantage for Britain if it adopted the euro?

Britain could more easily trade with other Europeans, but the value of their currency will be linked to the economic policies of other countries.
Britain can hire foreign labor from other European countries, but wages will go down for everyone in Britain.
Britain will have more control over their economy but will compete less with traders in other European countries.
Britain will be part of a bigger economy but will have to pay more to import goods from other European countries.

2 Answers

3 votes
I think its A, Britain could more easily trade with other Europeans, but the value of their currency will be linked to the economic policies of other countries.

Hope this helps :D
User Ryan Lyu
by
6.7k points
4 votes

Answer:

Britain could more easily trade with other Europeans, but the value of their currency will be linked to the economic policies of other countries.

Step-by-step explanation:

One advantage that the adoption of the euro would bring to England is that by adopting this currency, they would be able to more easily trade with other Europeans. This is particularly beneficial to England as the European Union expands. However, one disadvantage of this would be that the currency would link the English economy with that of other countries, reducing their ability to act independently.

User Daniel Serodio
by
7.3k points