Chief Secretary to the Treasury Danny Alexander claims a post-independence currency union between Scotland and England would not work (your report, 6 November).
Following independence in 1922, the Irish Free State did not issue its own notes and coins until 1928. From 1928 until 1962, all denominations of Irish government-issued notes bore the words “(x) Pounds Sterling payable to bearer on demand in London.”
These notes were backed by the pound sterling, as had been agreed between London and the Irish government’s currency commission of 1926.
Mr Alexander is simply inventing difficulties, pre-referendum.