UK Economics Correspondent, London
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Sep 18, 2014
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Sep 16, 2014
Sep 16, 2014

Independent Scotland would struggle to keep pound informally: NIESR

LONDON (Reuters) – An independent Scotland would struggle to maintain an informal currency union with the rest of the United Kingdom for more than a year if it walked away from its share of the UK’s national debt, a think tank said on Tuesday.

Scottish nationalist leader Alex Salmond has said an independent Scotland might refuse to take on its share of the debt if it was not allowed to share the pound in a formal currency union.

Sep 16, 2014
Sep 16, 2014