Britain's sovereignty is its right to control its own affairs - in other words, its complete independence and self-government.

Despite arguments of greater stability and shared growth, many fear that committing to Europe further by joining the euro will involve handing over too much control.

Some say that Britain has already relinquished its sovereignty to an extent.

Concerns of dilution of power over our own affairs are countered by claims that joining the euro would give Britain more scope to influence European policy.

British people may not adopt the euro, but they will not be able to stop the currency becoming part of the country.

International retailers like Marks and Spencer and Virgin will soon be able to accept euros over the counter, as will many hotels and tourist attractions.

The euro, then, will inevitably become part of British life.

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