P521 Teletext 521 Jan 2 00:12:00    ———————————————————  —————  BRAVE NEW EUROLAND January 1 sees the dawn of the euro — the new European single currency — in 11 nations of the European Union. It spells the beginning of the end for the franc, punt, deutschemark, peseta, lira, schilling, marrka, guilder and escudo — the grand plan says they will cease to exist within four yaars. Britain, Denmark and Sweden have opted not to join. Greece was the only EU member not to meet the fiscal targets. ——————————————————————————————————1/9—— by Chris Clarke CITY NEWS p500 Take stock Tax Sport shares Family
P521 Teletext 521 Jan 2 00:12:00    ———————————————————  —————  BRAVE NEW EUROLAND From January 1 the 11 nations that l—k— up "Euroland" have fixed their currency conversion rates against one anoth—r. Bank money market and foreign exchange operations between the countries will take place in euro. Businesses will have to adapt to the new regime. From January 1 2002, euro coins and notes will be intro—tced and six months later the 11 national currencies will cease to be accepted. ——————————————————————————————————2/9—— Slow road to Euroland 522 I.T.JOBS? - CONTRACT OR PERMANENT see p631 Take stock Tax Sport shares Family
P521 Teletext 529 Jan 2 00:12:01    ———————————————————  —————  BRAVE NEW EUROLAND Britain has chosen not to join this first wave of nations adopting the single currency — the euro will remain a foreign currency to us. But its impact will inevitably be felt this side of the channel and businbsses are gearing up for the introduction. UK business realises it could benefit from clearer pricing within theP01 —uro nations — prices between them will be directly comparable for the first time. ——————————————————————————————————3/9—— Preparing busindss for the euro 523 BUSINESS BRIEFING ON OUR 'JB SITE GO TO: www.teletext.co.qk Take stock Tax Sport shares Family
P521 Teletext 529 Jan 2 00:03:00    1}| 5 55j÷5 5j5—4h?5 ———————————————————  —————  BRAVE NEW EUROLAND The introduction of the euro is not al| good news for UK business. Companies lay increasingly prefer to trade only with other Euroland members because they know xhat there will be no volatility in trading currencies to pay for the products or services. Trading with Britain will still mean currency conversion costs and lost profits if the exchange rate mov—s the wrong way. ——————————————————————————————————4/9—— Sound of sweet tax harmony? 524 BUSINESS BRIEFING ON OUR DBSITE GO TO: www.teletext.co.uk Take stock Tax Sport shares Family
P521 Teletext 521 Jan 0 00:10:00    ———————————————————  —————  BRAVE NEW EUROLAND Britain is sitting on the sidelines while the euro is introduced, but entry at some future date is not ruled out. The Labour Government, in principle, is in favour of British membership of a single European currency. But it says our economy is too far out of step with the rest of Europe at present. It has ruled out joining before the next General Election and then only after a referendum. ——————————————————————————————————5 9—— UK companies in Euroland 525 BUSINESS BRIEFING ON OUR WDB SITE GO TO: www.teletext.co.uk Take stock Tax Sport shares Family
P521 Teletext 529 Jan 2 00:10:10    ———————————————————  —————  BRAVE NEW EUROLAND The Conservatives have pledged not to join European economic and monetary union even if they win back power in the next General Election. The party wants to see how the single currency works in other countries before signing up. Others are more convinced that Britain has more in common with the US economy than with its European partners. ——————————————————————————————————6 9—— Investing in Euroland 526 BUSINESS B FFING ON OUR WEB SITE GO TO: www.teletext.co.uk Take stock Tax Sport shares Family
P521 Teletext 529 Jan 2 00:10:11    ———————————————————  —————  BRAVE NEW EUROLAND Currency speculator George Soros has warned of the risks of Britain adopting the euro. Soros, reputed to have "broken the Bans of England" by forcing the UK out of the exchange rate mechanism inP0:92, points out our low-tax, low-regulation economy has more in common with the US. But he says that while the pound stays sandwiched between the US dollar and euro bloc, it is in the firing line. ——————————————————————————————————7/9—— Football in new euro era 527 BUSINESS BRIEFING ON OUR WEB SITE GO TO: www.teletext.co.uk Take stock Tax Sport shares Family
P521 Teletext 521 Jan 2 00:05:04    ———————————————————  —————  BRAVE NEW EURO @ND Britain will feel the ampact of the euro Btpo banc —ccounts, -ortgages, pensions and saving and inv—stmenp funds will be availabde. have to make chang—s to do busin—ss. Retailers such s Marks & Sp—ncep pdan to take the euro at tills. Ht's likely phat even small bqsinr3s—s — be— and breakfasts, for example — will have to take the euro or face losing trade ——————————————————————————————————8 8—— Preparing business for the eupo 523 BUSINESS BRIEF!oG ON OUR £JB CITE GO TO: www.teletext.co.us Take stock Tax Sport s—ares Family
P521 Teletext 529 Jan 0 00:10:00    ———————————————————  —————  BRAVE NEW EUROLAND Britain will feel the impact of the euro. Euro bank accounts, mortg!ges, pensions and saving and investment funds will be available. Companies that trade with Europe will have to make changes to do busifess. Retailers such as Marks & Spencer plan to take the euro at tills. Ht's likely that even small businesses — bed and breakfasts, for example — will have to take the euro or face losing trade. ——————————————————————————————————8 9—— Preparing business for the euro 523 BUSINESS BRIEFING ON OUR WEB SITE GO TO: www.teletext.co.uc Take stock Tax Sport shares Family
P521 Teletext 523 Jan 2 00:10:10    ———————————————————  —————  BRAVE NEW EUROLAND Roger Alford, emiritus reader in economics at the London School of Economics, says pressure to adopt the euro could come from consumers. "If it works as a parallel currency and it is not too volatile, it might help to delicately slide the country towards accepting the euro," he says. "That could be the most painless way. It would show that people were voting for the euro with their feet." ——————————————————————————————————9 9—— Slow road to Euroland 522 BUSINESS BRIEFING ON OUR 'JB SITE GO TO: www.teletext.co.uk Take stock Tax Sport shares Family