The Bank intends to publish a broadly quarterly series of papers as part of its efforts to ensure that the practical issues arising from the single currency, whether the United Kingdom is inside or outside the euro area, are fully understood and appropriate action is taken. This paper was originally prepared for the House of Commons’ Select Committee on the Treasury, and subsequently made publicly available on 10 May. It reports the outcome of the Bank’s discussions with banking and other sectors in the United Kingdom in the period up to May.
Practical issues arising from the single currency