Quote:
Originally Posted by jaysay
Well good old Alex Salmon has said if Scotland vote for independence in next years referendum, they want to keep the £ as their currency, obviously he doesn't want to sever all the ties. I think they should get their own currency, my idea would be to call it the Haggis, which is made up of 100 drams, that should keep um busy  |
I was reading about this in today's FT, it suggested the only reason he is saying keep Sterling is to not upset the Scottish voters. It goes on to say that the rest of the UK would have to agree with a monetary union with Scotland. Such a monetary union would leave Scotland with little say over its own monetary policy and fiscal independence. It would leave them unable to control their interest rates and other money stuff as well