We've already got the Euro, chaps, it's here in our midst and it's here to stay, so get over it!

Many companies in the UK already trade with other European companies in Euros (mine being one of them) but, because of the national hobbies of Head-in-the-Sand-Burying and To-The-Past-Clinging, we're obliged to take huge exchange risks. Who pays for it? You, Dear Consumers, you - it goes on to the price of what you buy.

It's a fact that we can buy raw materials cheaper in Euros because suppliers won't take the risk of selling in GBP (or, if they will, they load the price to a point where it's uneconomical), and many customers in Europe simply refuse to buy if we demand payment in GBP (or alternatively they convert Euros to GBP at a very poor rate - the old exchange risk again!).