The political squabble over the single currency threatens the single market too - a situation British business is not prepared to tolerate.
British business has always made sure it has a strong vocal role in the great European debate. Now, however, its collective voice is getting even louder - and perhaps just a little hoarse through exasperation. The UK political debate is in a mess, with sniper fire between Euro-enthusiast and Eurosceptic not only relentless but indiscriminate, cutting across traditional party lines. Political consensus on the single currency, the key issue for business, is clearly lacking, creating a political vacuum which the corporate world is starting to fill, albeit reluctantly.