User 260997

Why Won't the U.K. Join the Euro?

I'm Italian and I came in this country five years ago.
I still not understand how politics work here. Ok in Italy we have corruption and mafia as probably many people know, but at least hours politician where more clever in join the euro in 2003. Somebody said that :"if we join the euro we will end end up bailing out the French, Italians, Spanish, and even the Germans.This tell me how so little knowledge british people and politician have about the euro.
Probably not many people know that the 20% of the european found is used to keep the minim wage in this country.And not many people know that was 24% 4 years ago when blair was on power, but has been dropped from other european country because uk didn't join the euros.
Again no many people know the the interest rate is not controlled by bank on england but at first from the european bank.In this country is higher that other because the uk as decided to se it higher but if it gos up or down ,is because the europen bank.
There will be an ultimatum for this country to join the euro an it will be at some point next years.
I hope the brithis and the politics wake up and stop thinking like people living on an islans put the proud of the pound away and join a better economic future.