Saving the Pound

The relevance and importance of a study of British policy towards Monetary Union derives from the significance of this policy area to domestic affairs. It is widely acknowledged that successive British governments have been lukewarm to Economic and Monetary Union, but it is less clear as to the reasons for this. Saving the Pound places Britain's negotiating position on monetary union within a wider context of domestic governance. Particular attention is given to policy-making and decision taking within Whitehall, especially the power and influence of the Treasury to shape policy on EMU.