Monday, 9 March 2009

WHY EAST KENT SHOULD CAMPAIGN TO JOIN THE EURO

There is currently a consultation on the future of the East Kent Sustainable Community Strategy.

The Strategy is a key policy document which will set out a long-term vision for East Kent over the next 20 years and it outlines the steps that will need to be taken in order to make the vision a reality. It also may help any insomniacs out there. Thanet Council Labour Group Leader Richard Nicholson (pictured) has the ability to read these things and capture detail thankfully. He spots that the document whilst having nice photos of Ramsgate, does not actually refer to anything happening in Ramsgate. Instead there is lots on Margate and Folkestone. Disappointing.



A sentence caught my eye point 1.2

“East Kent has unparalleled access to Europe.”

That’s the first asset listed and rightly so as the television programme rightly says Location, Location, Location. So in the spirit of the consultation here are some more questions.

Is Kent closer to Europe or most of the United Kingdom?
Is a market of 400 million people plus more attractive than one of 60 million?
Will global investors go for a market of 400 million or 60 million?
Will European visitors with Euros spend more in Kent or Northumberland?
Globally would it be better to be with 400 million people or 60 million?
Exchanging currency costs British businesses money, is this true?
Currency costs make British products less competitive, is this true?
Exchanging money takes time and costs money for British tourists, is this true?
The Euro has been a success, is this true?

A really radical proposal by this group would be to come out and advocate strongly for membership of the Euro. Kent is better placed geographically to gain from British membership of the Euro than any other place in the United Kingdom. It is a fact of geography. Now that would be a bold vision.

3 comments:

  1. Bit of a mish-mash of arguments here. Gordon may have screwed up on regulation, but he was spot on in keeping out of the euro. The countries that are really going to suffer over the next few years are the weaker eurozone members like Ireland, Italy and Greece. In Britain the sterling exchange rate will take the strain. Euro membership is economic, not geographic.

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  2. Now is not the time for such changes, with exchange rates moving with such volitility and the global economic crisis as it is. The economic rules need to be met for this to work and such a decision cannot and must not be taken lightly. Theres far more to it than simply changing the look of our coins.

    Trade exists between Kent and the EU regardless of the currency used. True, having a single currency would cut out the exchange rate, but thats not the only change that would occur from a currency change.

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  3. Jeremy and James thank you for your comments.My point is not that we should join the Euro now. it is that with the Strategy being a 20 year plan we should prepare to join the Euro during this period. Do either of you think we will not be membrs of it in 20 years time? It is when not if, that's globalisation and we should embrace it not fear it.

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