Which one of the following is not an argument in support of the UK joining the EMU ?

• A. None of these arguments they are all arguments in support of the UK joining the UMU
• B. The characteristics of the UK housing market make UK consumers expenditure very sensitive to changes in interest rates
• C. The UK risks exclusion from the Euroland capital market with damaging consequences with damaging
• D. The UK needs to be a member of the EMU in order to continue to attract such large share of foreign direct investment in EU countries