7th November 2011
The Centre for Economics and Business Research predicts that Britain will suffer two-and-a-half years of pain if the single currency breaks up but after that will grow faster than if the eurozone survives as the Telegraph reports here.
The report suggests that after five years Britain would be at least as well off for reasons that would include the fact Germany would not be benefitting from such a low value currency.
The Telegraph's comment boards almost to a man and woman are in agreement. Sensiblility writes:
"We hardly needed research by the CBER to confirm what many of us have known for years, but thank you all the same. However it would be more true to say that the collapse of the euro would ultimately benefit all european countries."