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| Euro entry ![]() Voss is a German owned company that's thriving in Britain. There are two sites in the UK, one in Corby and one in Derby. It makes piping and parts for the automotive industry and turns over around �6m a year. Inevitably, as a subsidiary of a German company, Voss has strong ties with the eurozone. On a corparate level Voss is very firmly in the pro euro camp. Mixed opinions But for the staff, like the country at large, opinion is divided. "I want to save the pound I do", says Richard Townsend.
"I don't want to join Europe. "At the end of the day, people are investing in this country. You see pictures of Europe on TV, and they're all queuing up for the dole." "I reckon it would be good if we change," says Derek Warren. Richard Hodgkinson says: "I'm not really for it. "I've seen what it's done for other countries and it looks pretty bad. "I've been to France and Spain and they seem to be struggling with it.
"They say it's going to bring everybody in line but certain countries have got more expensive because of it." Sue Harrison thinks we should go into the euro and the sooner the better. "It would make things easier when travelling in Europe," says Sue. She's even bet money on the Chancellor saying we will join. Unfortunately it looks like she's lost her �1 bet this time. Growth The irony is that Voss is doing rather well outside of the euro. The company has doubled in size in two and a half years. In fact it's growing so quickly that the management has had to move into new offices. They're currently working out of a former double glazing showroom. There are plans to move out to a new purpose built factory later this year . The management says that although the company's growing, if the UK joined the euro, it would grow faster still.
Influence Ian Morris is the managing director of Voss in the UK. He says that because much of his company's business is dependent on the success of its customers in the automtive industry, they all need currency stability. "We're doing well, but we could do better. It would take the uncertainty out of it." Ian goes on to say that the UK shouldn't be allowed to just drift in to the European currency as it becomes stronger. "We need to be in it and play an influential part in the decision making processes." Andrew Bridgen, has a firm, AB Produce. He is also Chairman of the Institute of Directors in the East Midlands area. He's firmly anti-euro for the time being. Time not right "There's no doubt we haven't met the criteria for the five tests so we shouldn't go in now or for the forseeable future.
"We're a full player in the single market. We're the biggest trading zone outside the Eurozone. "We have the benefits of staying outside. We're better off setting our own interest rates and the UK economy is prospering." Ian thinks that we will go in in the end. But Andrew is not so sure. "I'll never say never, but most businesses are very happy with interest rates at the level they are now. Our economy hasn't converged and won't do for some time." |
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