Osborne Suggests an Independent Scotland Wouldn’t Keep Pound
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U.K. Chancellor of the Exchequer George Osborne suggested a vote for Scottish independence next year would imperil the use of the British pound as the new state’s money because political union is needed to operate a single currency.
The U.K. government on Tuesday, April 23, will publish a study on the implications for the currency of Scottish independence. Osborne made the comments today in a joint article with Danny Alexander, chief secretary to the Treasury.