Printers warming to the single currency

Support in the industry for Britain adopting the euro has grown according to this years <i>PrintWeek</i> Investment Survey.

Half of the industry (49.6%) thinks that we should adopt the single currency, compared to 32% of respondents last year.

Just over a third of the industry (36.9%) thinks that the UK should stick with sterling, while 12.3% did not know whether to join or not. Last year over half of respondents (53%) said that we should not join.

However, nearly seven out of 10 (68%) believe that the euro is an inevitability.

GPMU general secretary Tony Dubbins reiterated the union’s conditional
support for the single currency at the TUC conference in Blackpool.

He supported a motion to add a further three tests to the government’s five. These include the government making a commitment to enact a social dimension, a guarantee that public expenditure would be maintained, and that sterling would have to be brought down to a sustainable level.

"We as a union are clearly pro-European, but we also recognise that the EU still needs a great deal of reform," said Dubbins.

Story by John Davies