U.K. Government: Scotland Cannot Keep the Pound Too

It’s a union that’s lasted 307 years, but England and Scotland could be heading for the divorce courts later this year.

Arguments over money tend to generate the most heat in any separation, and the possibility of a Scottish vote for independence in September is already sparking a furious row between London and Edinburgh.

If Scotland votes to go it alone, there will be plenty of big questions about the U.K. economy. How will national debt be divided? Who gets what in terms of wealth from North Sea oil and gas? What will happen to Scotland’s outsized banking sector?


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