UK prepares emergency measures for euro collapse to prevent an influx of people and money

Posted on December 28, 2011

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Ministers are considering draconian plans to prevent a flood of money and people heading to Britain from Europe if the ailing single currency collapses.

Experts fear that the collapse of the euro would lead to the widespread movement of both people and money – with potentially damaging consequences for Britain if left unchecked.

The Treasury has drawn up contingency plans to prevent investors shifting huge sums of cash from the Eurozone to Britain – amid fears it could lead to a surge in the value of the Pound.

And it emerged yesterday that Britain’s borders could also be temporarily sealed against economic refugees from Europe if the collapse of the euro sparks widespread civil unrest on the Continent.

The Foreign Office is also working on contingency plans for the emergency evacuation of thousands of British expats and holidaymakers from stricken countries.

Officials insist the plans are being drawn up as a precaution – and do not indicate that the Government believes the collapse of the single currency is imminent.

Despite repeated attempts by Eurozone countries to prop up the single currency, many experts believe the 17-member currency cannot survive the coming year intact.

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