Business in Scotland: UK Gov plans to share Sterling currency with Indy Scotland

UK Government plans to share Sterling currency with Indy Scotland

by Gordon MacIntyre-Kemp (13 Jan 2014)

Gordon MacIntyre-Kemp

In order to encourage Scottish people away from voting for independence, the UK Treasury has led an all out untruthful and overwhelmingly negative campaign aimed at undermining the economic confidence of Scotland. Unable to provide a positive economic vision for Scotland remaining in the Westminster system, they have resorted to attacking Scotland’s economic foundations. The key scare-stories from the No campaign have been that:

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See also:

 The Treasury Blinks First

by George Kerevan (14 Jan 2014)

  (George Kerevan explains Monday's Treasury announcement on interest rates, Scotland and the UK's growing National Debt.) 

George Kerevan

     ON Monday, the UK Treasury issued the following statement.  It's worth reading in detail:

"The Treasury has today set out detail on government debt in the event of Scottish independence. The technical note makes clear that the continuing UK Government would in all circumstances honour the contractual terms of the debt issued by the UK Government. An independent Scottish state would become responsible for a fair and proportionate share of the UK's current liabilities."

1. WHY HAS THE TREASURY ISSUED THIS STATEMENT?

     Quite simply, the Treasury's refusal to plan for Scottish independence has spooked the financial markets and this is a belated attempt by the Treasury to calm things down. 

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