Report hints UK Treasury to reject 2003 euro entry

Gordon Brown has warned of the dangers of Britain accepting "rigid rules" to govern the economy, a move observers say further indicates the Treasury's intention to reject entry to the euro next year.

A paper released alongside the pre-Budget report last week warns that rigid economic rules "do not allow any flexibility to respond to economic shocks". This prompted claims that Mr Brown may never back the euro.

Despite the reports, the pro-euro pressure group, Britain in Europe, announced its mov