Yeah, if not for this there's a good chance the UK would be part of the Euro and much more closely tied to the EU. I doubt this would've worked out well overall

Yeah, if not for this there's a good chance the UK would be part of the Euro and much more closely tied to the EU. I doubt this would've worked out well overall for the country though; there were other European countries which had similar issues maintaining their exchange rate and the underlying economic mismatches continued to cause economic crises once they joined the Euro.