Malevolent UK minister to Scotland: Vote for independence and lose the pound

Scotland would not be able to use the pound as its currency if it voted to break from the United Kingdom later this year, the British minister for Scotland said on Thursday, issuing the government's strongest warning on the subject yet.

Malevolent UK minister to Scotland: Vote for independence and lose the pound ?m=02&d=20140206&t=2&i=835970470&w=580&fh=&fw=&ll=&pl=&r=CBREA151F4Z00

Malevolent UK minister to Scotland: Vote for independence and lose the pound ?m=02&d=20140206&t=2&i=835970470&w=580&fh=&fw=&ll=&pl=&r=CBREA151F4Z00

As Scots prepare to vote on whether to stay in the UK on September 18, Scottish nationalists are basing their post-independence economic plans on a currency union with Britain.

But the British government, which wants the Scottish public to vote against independence, has already said such a plan would be nearly unworkable.

"Independence means leaving the United Kingdom's monetary union," Secretary of State for Scotland Alistair Carmichael told Britain's parliament.

"The only way for Scotland to be sure of keeping the UK pound as it is now is to stay in the United Kingdom ... No one should vote for an independent Scotland on the basis that they will get to keep the UK pound sterling," he added.

Opinion polls show that around 42 percent of Scots plan to vote against independence and 29 percent in favor.

The British government says Scotland and the rest of Britain are better off together, while Scottish nationalists wants to end what they say are decades of economic mismanagement by London.

More: http://www.reuters.com/article/2014/02/06/us-britain-scotland-pound-idUSBREA151MI20140206?feedType=RSS&feedName=topNews&rpc=71&google_editors_picks=true
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Malevolent UK minister to Scotland: Vote for independence and lose the pound

Malevolent UK minister to Scotland: Vote for independence and lose the pound

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