Friday, Aug 22, 2014Friday, Aug 22, 2014
News
 

Osborne questions currency of an independent Scotland

Published on Apr 21, 2013 9:54 AM
 

LONDON (AFP) - British finance minister George Osborne cast doubt on Sunday on whether Scotland could keep the pound as its currency if voters opt for independence in a referendum next year.

The Chancellor of the Exchequer said a currency union could only work as part of a political and economic union, as he made his case against a separate Scotland ahead of a key report on the issue this week.

A referendum is set for Sept 18, 2014, when Scottish voters will be asked the yes/no question: "Should Scotland be an independent country?"

Scotland's First Minister Alex Salmond and his Scottish National Party (SNP) want to keep sterling in the event of a "yes" vote.

 
If you are not a subscriber, you can get instant, unlimited access here