Should UK enter the EMU

The essay explores the UK's longstanding skepticism regarding the European Monetary Union (EMU) and its single currency. It highlights how this negative sentiment intensified following the UK's exit from the European Exchange Rate Mechanism in 1992, influenced by divergent economic policies, rising oil prices, and the unification of Germany. The analysis provides insights into the historical context and economic factors that shaped the UK's stance on adopting a common monetary policy within Europe.