Other European countries warm to the concept of the single currency but UK still lags behind
Research from business and financial advisers, Grant Thornton, has revealed that the chasm between UK businesses and their European counterparts is growing wider.
Now in its tenth year, The European Business Survey (EBS) 2002 shows that SMEs across Europe are increasingly positive about the introduction of the euro, with 73% of companies based in EU countries saying it will have a beneficial impact.
However, UK SMEs are not so sure that the single currency will benefit them. EBS 2002 shows that around half think it will have a negative impact and 14% believe it will have no effect on their business at all. This result places the UK firmly at the bottom of the table for euro confidence in what is the least confident EU- wide result in the last four years of the EBS.
