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?


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.