One thing's for sure: it's not over yet. But the Treasury says entering the single currency before the UK economy has sufficiently converged with the eurozone would discourage investment. The decision to postpone euro membership has been hedged about with all sorts of pro-European language, and the overall feeling is that Britain will adopt the euro - just not yet. Again though, it raises the question: how would you assess the case objectively? Read a selection of your comments below. What about incomes, pensions, mortgages and the profits of businesses for example? The test centres on whether the introduction of the euro would be advantageous for the sector and whether the sector is fully prepared for the introduction of the single currency in the UK. It says whether the UK joins the euro or not, the City of London's strengths "should help it to thrive". If you vote for monetary union then by default you vote for full political union, as one WILL follow the other. Some have said that ultimately the decision on the euro is a political one and that the economic advantages of joining the euro can never be guaranteed. We need to take the politics out of the debate and have the facts laid clearly before us. But I do think it will be seriously bad news for an important part of the country's economy - internationally active manufacturing companies. The only people not to lose out if we joined the euro would be the fat cats in business. So what happens next? The advantages for the government would be that it leaves a gap between the referendum and the next general election. Progress has been made, according to the Chancellor, but big structural differences remain with the eurozone - housing and mortgages in particular. Politicians are too incompetent and too selfish on their own when it concerns important questions. Is the chancellor's decision popular? It makes an objective decision at best tricky, at worst, close to impossible. I believe it should be left up to the financial and economic brains to make the decision - not the politicians. The vast majority of us who vote, will not possess enough knowledge on the subject. If the UK government says we are not going into the euro for a long time it will cause serious damage to the manufacturing base. Should there be a referendum on the issue? So what are the main political and economic arguments for and against the euro? Losing control of interest rates could, the antis argue, lead to a house price crash. The anti-euro campaign also likes to claim joining the euro will mean more legislation from Brussels. Ultimately, Britain must decide whether to let decisions over its economic life be made outside the country.
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