Scotland: Keep the pound but lose its banks

Philip Booth writes for the Telegraph

Philip Booth, Editorial and Programme Director at the IEA, writes in the Telegraph about Scottish Independence and the ongoing uncertainty as to which currency Scotland will adopt if it does become Independent of the UK. Philip discusses the problems associated with a currency union, many of which were illustrated during the Euro crisis. The article goes on to examine the impact upon Scottish banks if Scotland decides to keep the pound. 

You can read the article in full here. 

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