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Tony Blair has said the UK will face an “interesting choice” over whether to join the euro if the currency’s current crisis is resolved. The former prime minister told the BBC he believed the UK should still be keeping open the option of joining it. He said that looking at the “broad sweep of history” in the long term “the European integration project” was going to go ahead, “like it or [...] From FT: The most controversial announcement in Chancellor George Osborne’s budget was the cut in the top rate of income tax from 50 per cent to 45 per cent from next year. Most of the opposition party’s response was directed toward this single measure, although it accounted for a mere £50m of estimated lost revenue in its first year. Mr Osborne must have calculated that the economic gain would outweigh the [...] By Alen Mattich, WSJ We could be reaching a new form of banking crisis. It’s the sort where not only are governments and central banks increasingly unable to keep financial firms propped up, but in some cases are unwilling to do even what is possible–or at least to do [...] From BBC: Former prime minister Tony Blair has said there might still be a case for the UK joining the euro in the future. He told the BBC he did not agree with people who argued joining would be a disaster, but there had to be a compelling economic case for doing so. He said he believed the euro would eventually resolve its problems and the case for Britain joining [...] |
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