UK parliamentary report calls currency union with independent Scotland a ‘dead parrot'
There will be ‘no currency union of any kind' says Scottish Affairs committee chair
A UK parliamentary committee has dismissed the possibility of a currency union with an independent Scotland, warning that no British government would be able to enter into the arrangement "without totally destroying both [its] political and economic credibility".
"The leadership of the three main political parties in the UK have made statements precluding a currency union, so unequivocal as to leave themselves without any room for manoeuvre," the Scottish Affairs Committee said in a report today
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