Euro 'would boost UK by ending volatility'

UK - Entry into the euro would boost investment in Britain by ending exchange rate volatility in Britain's dominant export market, according to a paper published by the National Institute of Economic and Social Research on Thursday.

This suggests that at least one of the chancellor's five tests for euro entry - the effect on investment - would be passed.

The paper's authors, Joseph Byrne of the National Institute and Philip Davis of Brunel University, calculate that currency volatility damages

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