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SNP accept currency union means loss of powers

Posted on 30 January 2014

Scottish independence: The Scottish Government last night admitted it would have to “pool” sovereignty with the rest of the UK if it wanted to keep the pound after independence. The admission came after Bank of England Governor Mark Carney warned an independent Scotland would have to surrender key economic levers to join in a currency union.
It is understood the UK authorities could retain control over interest rates and exchange rates, and that limits could be applied to taxation and spending………………………………………..Full Article: Source


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