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No legal reason why independent Scotland should keep pound: Osborne

Published on Feb 13, 2014 6:48 PM

EDINBURGH (AFP) - British Finance Minister George Osborne said on Thursday there was no legal reason the rest of the United Kingdom should share the pound with an independent Scotland if it votes to break away in a referendum this year.

"There's no legal reason why the rest of the UK would need to share its currency with Scotland," Mr Osborne said in a speech.

"If Scotland walks away from the UK, it walks away from the UK pound."

First Minister Alex Salmond's Scottish National Party (SNP) has claimed an independent Scotland would have the right to retain the pound and become part of a currency union with the rest of Britain.

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