Who still thinks Britain should join the euro?

Ashdown, Heseltine, Blair and others are rallying to the euro's defence.

Paddy Ashdown has a thoughtful piece in today's Times (£) making the counterintuitive argument that Britain would be better off if it had joined the euro. He argues that joining the single currency would have forced Britain, like Germany, to improve its economic competitiveness and maintain fiscal discipline since it would no longer have been able to devalue its currency or borrow to maintain living standards.

The weakness of Ashdown's argument is that the Stability and Growth Pact, which prohibits eurozone members from running deficits larger than 3 per cent, was repeatedly flouted by France, Germany and other European Union members, who went unpunished by the EU. There would have been nothing to stop Britain doing the same (or worse). But Ashdown's piece remains an important corrective to those who simply indulge in the politics of Schadenfreude.

Ashdown is one of several British europhiles who have rallied to the single currency's defence in recent days. Michael Heseltine declared yesterday that Britain would be forced to abandon the pound and join the euro "faster than people think". I've compiled a list below of prominent figures who continue to argue that the UK could join the euro. Do let me know of any I've missed.

'If you're looking at the very long term and assume the euro stabilises, we should certainly always keep the option open of doing it".

Tony Blair, 13 November 2011

"I think we will join the euro. I think the chances are the euro will survive because the determination, particularly of the French and the Germans, is to maintain the coherence that they've created in Europe."

Michael Heseltine, 20 November 2011

"So should Britain join the euro now? Of course not. But we should not exclude the possibility. This is what separates us from the eurosceptics. We still say that if it becomes in Britain's interest to join we should. They say that even if it were in Britain's interest to join we shouldn't.This could -- sooner than we think -- become much more than just an academic question."

Paddy Ashdown, 21 November 2011 (£)

"If and when the economic circumstances were right and to Britain's advantage, we should certainly consider doing so [joining the euro]."

Peter Mandelson, 14 November 2011

Certainly nothing is going to happen in the next decade but I find never say never in politics is a very good rule

"He [David Cameron] should say that while it was right for Britain not to join the single currency as it was previously constructed, if Germany were to act responsibly, Britain would peg sterling to a reformed euro and in the long run even consider joining the regime."

Will Hutton, 13 November 2011

"Certainly nothing is going to happen in the next decade but I find never say never in politics is a very good rule."

Ken Clarke, 25 July 2011

George Eaton is political editor of the New Statesman.

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Cabinet audit: what does the appointment of Andrea Leadsom as Environment Secretary mean for policy?

The political and policy-based implications of the new Secretary of State for Environment, Food and Rural Affairs.

A little over a week into Andrea Leadsom’s new role as Secretary of State for Environment, Food and Rural Affairs (Defra), and senior industry figures are already questioning her credentials. A growing list of campaigners have called for her resignation, and even the Cabinet Office implied that her department's responsibilities will be downgraded.

So far, so bad.

The appointment would appear to be something of a consolation prize, coming just days after Leadsom pulled out of the Conservative leadership race and allowed Theresa May to enter No 10 unopposed.

Yet while Leadsom may have been able to twist the truth on her CV in the City, no amount of tampering will improve the agriculture-related side to her record: one barely exists. In fact, recent statements made on the subject have only added to her reputation for vacuous opinion: “It would make so much more sense if those with the big fields do the sheep, and those with the hill farms do the butterflies,” she told an audience assembled for a referendum debate. No matter the livelihoods of thousands of the UK’s hilltop sheep farmers, then? No need for butterflies outside of national parks?

Normally such a lack of experience is unsurprising. The department has gained a reputation as something of a ministerial backwater; a useful place to send problematic colleagues for some sobering time-out.

But these are not normal times.

As Brexit negotiations unfold, Defra will be central to establishing new, domestic policies for UK food and farming; sectors worth around £108bn to the economy and responsible for employing one in eight of the population.

In this context, Leadsom’s appointment seems, at best, a misguided attempt to make the architects of Brexit either live up to their promises or be seen to fail in the attempt.

At worst, May might actually think she is a good fit for the job. Leadsom’s one, water-tight credential – her commitment to opposing restraints on industry – certainly has its upsides for a Prime Minister in need of an alternative to the EU’s Common Agricultural Policy (CAP); a policy responsible for around 40 per cent the entire EU budget.

Why not leave such a daunting task in the hands of someone with an instinct for “abolishing” subsidies  thus freeing up money to spend elsewhere?

As with most things to do with the EU, CAP has some major cons and some equally compelling pros. Take the fact that 80 per cent of CAP aid is paid out to the richest 25 per cent of farmers (most of whom are either landed gentry or vast, industrialised, mega-farmers). But then offset this against the provision of vital lifelines for some of the UK’s most conscientious, local and insecure of food producers.

The NFU told the New Statesman that there are many issues in need of urgent attention; from an improved Basic Payment Scheme, to guarantees for agri-environment funding, and a commitment to the 25-year TB eradication strategy. But that they also hope, above all, “that Mrs Leadsom will champion British food and farming. Our industry has a great story to tell”.

The construction of a new domestic agricultural policy is a once-in-a-generation opportunity for Britain to truly decide where its priorities for food and environment lie, as well as to which kind of farmers (as well as which countries) it wants to delegate their delivery.

In the context of so much uncertainty and such great opportunity, Leadsom has a tough job ahead of her. And no amount of “speaking as a mother” will change that.

India Bourke is the New Statesman's editorial assistant.