The costs of sterling

ARTICLE - History shows that Britain's separate currency has damaged the structure, balance and size of its economy writes David Cobham in Friday's Financial Times.

Opponents of UK membership of economic and monetary union have seized upon many arguments and strategies in recent years in their efforts to keep the pound alive.

Some are clearly ludicrous - the news of the imminent release of a cinema advertisement featuring comic actor Rik Mayall dressed as Adolf Hitler declaring: "Ein Volk! Ein

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