Independent Scotland ‘would have control over rest of UK economy’

Mr Osborne said an independent Scotland would be forced to adopt new currency arrangements that would be a “very deep dive into uncharted waters”.

He said the people of the rest of the UK would be unwilling to grant a Scottish government a veto over its monetary policy, as the proposed currency union would entail.

Launching a new report from the Treasury in Glasgow, Mr Osborne said: “The fundamental political question this analysis provokes is this – why would 58 million citizens give away some of their sovereignty over monetary and potentially other economic policy to five million people in another state?”

“Would a newly independent Scottish state be prepared to accept significant limits on its economic sovereignty? To submit its economic plans to Westminster before Holyrood?”


The Telegraph has the full article

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