IT IS highly unlikely that an independent Scotland could secure a deal with the rest of the UK that would allow it to retain the pound, according to the Chief Secretary to the Treasury Danny Alexander. If Scotland leaves the UK, a currency union between the two countries would “present very real problems”, Mr Alexander said during a speech in London. The UK Government minister also said that such an arrangement “may not be in the interests” of either an independent Scotland or the rest of the UK. “It is highly unlikely that a currency union could be made to work,” the senior Liberal Democrat said. “And it is therefore highly unlikely that a currency union would be agreed.” Mr Alexander’s comments comes three weeks before the Scottish Government is due to publish its white paper on independence, detailing its case for leaving the UK. scotsman/news/politics/top-stories/scottish-independence-pound-deal-very-unlikely-1-3174957
Posted on: Tue, 05 Nov 2013 20:03:40 +0000
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