It destroyed the Conservative government, but many people said, Britain would not be able to maintain a stable currency... Or Britain would be tempted into competitive devaluations, which would undermine a single market. None of this has happened.
JCT: Britain has made extraordinary, impressive structural reforms that have, in my understanding, very profoundly transformed over the last 25 years the British economy for the better. That of course has nothing to do with the response to the currency question, but again, it’s up to the British people. It’s totally open, we all know that.