Scotland’s currency debate

Could an independent Scotland really hang on to the pound as its national currency? And on what terms? Simon Wilson investigates.

What’s happened?

The whole debate about Scotland’s future currency is back at the heart of the independence question, after what appears to be the mother of all gaffes by a Westminster coalition minister.

Two months after George Osborne, Ed Balls and Danny Alexander all definitively ruled out the possibility of a rump UK (rUK) agreeing to a currency union with an independent Scotland, an unnamed “government minister at the heart of the pro-union campaign” told a Guardian [...]

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