Scotland on Sunday cartoon: Independence currency

The currency question still looms large over the Scottish independence debate as the Scottish Government try to convince voters that their keynote proposal on a shared currency area is feasible.

Illustration: Brian Adcock
Illustration: Brian Adcock

The policy, which lies at the heart of the Scottish Government’s white paper on independence, received futher blows this week including from former prime minister Sir John Major.

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Sir John warned that the Bank of England “cannot – will not” carry out such a role. Scotland would not be independent if it handed such a key economic power to a foreign bank, Sir John said, adding that a bank which “is answerable to the UK government and Parliament” could not be expected also to answer to a foreign administration in Edinburgh.