Magazine article Business Credit

56.7 Percent of UK Exporters Say "No" to Euro

Magazine article Business Credit

56.7 Percent of UK Exporters Say "No" to Euro

Article excerpt

UK exporters are becoming more Euro-sceptic according to new research released by Atradius, the global credit insurer. The research, carried out for Atradius by the Credit Management Research Centre (CMRC) revealed that nearly 60 percent of UK exporters would vote "no" in a referendum on the Euro. These findings contrast strongly with findings from the survey conducted in 2002. In 2002, the balance was slightly in favor of joining the Euro: 50.2 percent for and 49.8 percent against.

Commenting, Will Clark, Regional Director, Atradius UK & Ireland, NAFTA and Australasia, said: "These findings are particularly interesting, coming as they do, from exporters. The promotion of international trade has long been regarded as key to the argument for joining the European single currency. We would, therefore, have expected UK exporters to be in the vanguard of those in favor of joining the single European currency."

More interesting still are the reasons given by the anti-Euro exporters for why they do not want to see the UK join a single European currency: 43. …

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