Going behind the doors of the Treasury and Number 10, this book explores why successive British Prime Ministers from Callaghan to Blair have been hesitant towards European Economic and Monetary Union. It uses official documents and interviews with former ministers to understand discussions that took place at the heart of government.

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1. Introduction 2. Whitehall, the Treasury and Policy-making 3. The Callaghan Government and the ERM 4. The Thatcher Government and the ERM 5. The Thatcher Government and the ERM con/d 6. The Major Government and EMU at Maastricht 7. The Major Government and EMU at Maastricht con/d 8. The Blair Government and the Single Currency 9. The Blair Government and the Single Currency con/d 10. Conclusions