 "Want independence? Then be set to lose pound, says UK FM")
London: British finance minister George Osborne warned Scotland on Thursday it cannot keep the pound if it votes for independence in a September 18 referendum. [caption id=“attachment_1388745” align=“alignleft” width=“380”]  Reuters[/caption]“The pound isn’t an asset to be divided up between two countries after a break-up as if it were a CD collection,” Osborne said in a speech in the Scottish capital. “If Scotland walks away from the UK, it walks away from the UK pound.” Osborne said that there was no legal reason why Britain should share the pound with Scotland and that Scottish debt issuance would face “punitively high interest rates” in the case of secession. Reuters
The UK finance minister said that the currency couldn’t be split up like a CD collection.
Advertisement
End of Article
Written by FP Archives
see more
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
](https://images.firstpost.com/wp-content/uploads/2014/02/george-osborne-reuters.jpg){kind=link}