The Scotsman Cartoon: Currency union blow for SNP

Plans for a currency union between an independent Scotland and the rest of the UK were dealt a major blow as all three of the main UK parties insisted they would not agree to such a deal.

Illustration: Iain Green

Chancellor George Osborne, his Labour shadow Ed Balls and Liberal Democrat Chief Secretary to the Treasury Danny Alexander all declared a formal currency union was “not going to happen”.

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Nicola Sturgeon insisted the SNP would “continue to argue” for a joint currency because it would be the best option for the rest of the UK as well as an independent Scotland.