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A comment on Bank of England expects UK to fall into longest ever recession. Parent comment

Re:Bank of England expects UK to fall into longest ever rece... by kcartlidge on Thursday November 03, 2022 @04:02PM (#33456698)
> I wonder if EU would let UK join without adopting the Euro. The UK seems to have lost a lot of its negotiating power that let them keep the GBP the first time.

If the UK rejoined (assuming it was welcome after the last few years) I find myself wondering if forcing us (I'm British) to go all the way - into the Euro and onwards to full participation in everything - might actually be a good idea.

There are some aspects which taken in isolation may not be that great an idea (eg a Euro which includes such a variety of economies), but contrast that with the last approx half century where we've been the wall-fly. The one who goes to the dance, but hangs around the edges and never really joins in.

Half-hearted commitment can often be worse than none at all, and being forced to commit fully in order to be able to rejoin may well be the making of a better UK that takes it seriously and helps drive things forward.

Possibly.

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Re:Bank of England expects UK to fall into longest ever rece... by substation13 on Thursday November 03, 2022 @04:10PM (#33456793)
What the UK had before was pretty much "EU membership the good parts" - and (a slim majority of) the public rejected that. Is full membership really possible?
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Re:Bank of England expects UK to fall into longest ever rece... by gort19 on Thursday November 03, 2022 @04:55PM (#33457379)
That was a slim majority of who voted at the time. Leave voters heavily skewed older. Even just taking out the people who have died since the vote would result in a remain vote. 15 years worth of younger voters would overwhelmingly vote for remain.

Unless they change their minds in the meantime.

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Re:Bank of England expects UK to fall into longest ever rece... by the_why_of_y on Thursday November 03, 2022 @06:18PM (#33458655)
Half the countries in the EU don't use the Euro. Many economists recommend against a currency union without possibility of fiscal transfers to deal with asymmetric shocks, predicting what happened in the years after 2008.
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