Photo: Reuters
The future currency of Scotland, assuming a “yes” vote in next year’s vote on independence, has been questioned by supporters and opponents.
Some argue Scotland would have to adopt the euro as a consequence of gaining full EU statehood, while others have called for a new currency or retention of sterling.
The Fiscal Commission Working Group, a panel of experts established by the Scottish Government, was asked by ministers to plan for how Scotland would become independent if there is a “yes” vote in the 2014 referendum.
They concluded that “it would be in Scotland’s interests to retain Sterling immediately post-independence”.
The report, published on Monday, said that Scotland’s economy was “strong enough and sufficiently aligned with the rest of the UK that a separate currency would not be necessary”.
“It is also the case that, post independence, this would benefit the rest of the UK to maintain a key trading partner as nearly 10pc of the existing UK economy Scotland would remain one of the largest trading partners of the UK economy,” their report said.
The Telegraph has the full article
