Scotland would not be able to share the pound

The Chancellor of the Exchequer George Osborne today made a speech in Edinburgh, stating a separate Scotland would not be able to share the pound in a currency union with the rest of the UK.

 Reacting to the speech, Scottish Conservative leader Ruth Davidson MSP said:

 “Alex Salmond's fantasy economics has been hit by reality. And the blunt truth is that a vote for separation this September is a vote to leave the security of the UK pound.

 “This is no bluff. The Permanent Secretary of the UK Treasury has made it clear he has advised the Chancellor against entering into a currency union with an independent Scotland.

 “There is now nowhere left to hide. The SNP has been found out. It should now stop concealing the truth from the people of Scotland and come clean on what the consequences of separation really are. Scotland's already part of a currency union. It's called the United Kingdom.”