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Anorak | Of Course Scotland Could Use The Pound After Independence

Of Course Scotland Could Use The Pound After Independence

by | 12th, August 2014

It’s a bit off my having to agree with hte Wee Eck here but it is true all the same that Alex Salmond is correct about a newly independent Scotland being able to continue using the pound sterling.

Alex Salmond has given his clearest indication yet that he would want an independent Scotland to keep the pound, even without a formal currency pact, after stating “we are keeping it, come what may”.

The first minister insisted, in an article for the Sunday Herald, that “there is literally nothing anyone can do to stop an independent Scotland using sterling, which is an international tradeable currency”.

Writing five days after a bruising encounter with Alistair Darling in STV’s live debate on independence, Salmond insisted that the UK parties were bluffing when they repeatedly ruled out a currency pact after independence.

Salmond argued there was clear economic and political logic for a formal agreement to share sterling and the Bank of England, as he tried to persuade voters in Scotland that he was correct to keep fighting for a deal. It would avoid UK

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Posted: 12th, August 2014 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink