DCSIMG

Scottish independence: Scotland able to keep pound

The coalition will reportedly back down over pound sharing for independent Scotland. Picture: Getty

The coalition will reportedly back down over pound sharing for independent Scotland. Picture: Getty

AN INDEPENDENT Scotland will be able to keep the pound, the UK government will argue next month – but only if Scottish ministers accept budget constraints set by London, it was reported last night.

In a paper next month, the coalition will back down from its resistance to the idea of sharing the pound, as advocated by First Minister Alex Salmond. But in a position likely to trigger a row with the Scottish Government, Chancellor George Osborne will say a currency union would require ministers in Holyrood to accept a deficit cap, policed from London.

 

Comments

 
 

Back to the top of the page

 

EDINBURGH
FESTIVALS
2014

#WOWFEST

In partnership with

Complete coverage of the festivals. Guides. Reviews. Listings. Offers

Let's Go!

No Thanks