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England must reject currency union with Scotland

Posted on 31 January 2014

Mark Carney, governor of the Bank of England, delivered home truths in Edinburgh this week. The desire of the Scottish government to remain in the sterling area would, he stressed, sharply curtail Scotland’s fiscal and financial independence. What Mr Carney did not note was that the rest of the UK must also have a say in any union.
As the governor stated, arrangements “would be a matter for the Scottish and UK parliaments”. But, as the person responsible for monetary stability, he has a duty to advise on the implications………………………………………..Full Article: Source


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