Saturday, February 9

A Euro Free Zone

Thank God (and the late Sir James Goldsmith) that Britain is not in the Euro. Had we been inside the eurozone since Blair tried to slide us in the 1990s, our rates of interest would have been so low that the UK property boom would have been as barmy as Ireland's. As it is people complain that the young cannot afford to get on the property ladder. Inside the Euro, the problem would have become far worse with average price houses valued at GBP 160,000, possibly as much as doubling, making most owners of middle class houses into GBP-equivalent millionaires. Read more on by our fellow blogger which is posted on The Tap Blog

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