One-off costs of euro conversion estimated

ARTICLE - Research published today by Bannock Consulting shows that the total cost to UK business of converting to the euro are in the region of £10.3bn. Adding in the British Bankers Association estimate of £1 bn for the banking sector and Bannock Consulting's own estimate of £0.4 bn for the public sector we arrive at a total figure of £11.7 bn for the whole economy.

The full research paper from Bannock Consulting can be read by clicking on the link.

The Financial Times in London reported on

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