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Currency union ‘deception’ blasted

Posted on 31 July 2014

Alex Salmond has been accused of a “huge deception” over his plans for a currency union after a Yes vote. Two leading figures from the banking industry have hit out at Scotland’s First Minister following his insistence that Westminster will agree to a deal to allow an independent Scotland to continue to use the pound.
Chancellor George Osborne and his Labour and Liberal Democrat counterparts have already stated that they would not agree to such an arrangement - but this has been dismissed as “bluff and bluster” by the SNP leader. Now, Sir Martin Jacomb, the former chairman of Prudential, and Sir Andrew Large, a former deputy governor of the Bank of England, have said that a currency union is “not compatible with Scotland being politically independent and is therefore not on offer”………………………………………..Full Article: Source


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