IMF warns on UK's euro plight

Britain's record as a high inflation country meant that the price of joining the single currency would be higher taxes or curbs on public spending, the International Monetary Fund warned on Feb. 6.Fuelling the intense political row over the euro, the fund said that the government may struggle to meet its prime test of meshing Britain's economic cycle with the rest of Europe before it decides whether to hold a referendum.

'Cyclical convergence may not occur naturally by the time that the UK may