The Scotsman cartoon: Scottish independence and debt

Illustration: Iain Green
Illustration: Iain Green
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The Treasury has pledged to honour all UK Government debt up to the date of potential Scottish independence.

An independent Scottish government would become responsible for a “fair and proportionate” share of current liabilities, according to a paper issued by the Treasury.

Scotland’s First Minister Alex Salmond said the position shows “common sense”.


Scottish independence: UK debt to be guaranteed