Angus Reid Global Monitor : Polls & Research

Most Britons Favour Pound Over Euro

October 10, 2005

(Angus Reid Global Scan) - Many adults in Britain are opposed to changing their currency, according to a poll by ICM Research released by Talent. 47 per cent of respondents would keep the Pound and rule out adopting the Euro.

The Euro has been used in 12 of 15 European Union (EU) countries since January 2002. Sweden, Denmark and Britain were the only EU members that did not adopt the currency.

In June 2003, chancellor of the exchequer Gordon Brown published a report stating that Britain was not ready to adopt the Euro. Only eight per cent of respondents would prefer to use the single European currency as soon as possible.

In December, the Labour government released the question it intends to use in case a referendum on the European currency takes place. The query reads, "Should the United Kingdom adopt the euro as its currency?"

The new leader of Britain's Conservative party will be chosen this year. Former chancellor of the exchequer Kenneth Clarke, shadow home secretary David Davis, shadow foreign secretary Liam Fox and education spokesman David Cameron are considered the frontrunners in the race to replace Michael Howard.

On Oct. 3, Clarke said party members who claimed he would replace the Pound with the Euro were "paranoid."

Polling Data

When it comes to adopting the Euro do you think we should ...

Adopt the Euro in place of the
Pound as soon as possible

8%

Keep our options open and probably adopt
the Euro at some point in the future

28%

Keep our options open but probably not
adopt the Euro for the foreseeable future

16%

Decide to keep the Pound and
rule out adopting the Euro

47%

Source: ICM Research / Talent TV
Methodology: Telephone interviews to 1,002 British adults, conducted from Aug. 5 to Aug. 8, 2005. No margin of error was provided.

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