DHAKA: A British parliamentary committee on Monday ruled out the possibility of ‘any kind’ of currency union between an independent Scotland and the rest of the United Kingdom.
The Committee for Scottish Affairs concluded in a report that Scotland would no longer be able to use the pound if it voted for independence in a referendum on September 18.
The report attacked Scottish ministers for continuing to insist that a currency union would be possible after separation, and for refusing to propose any viable alternatives.
‘The Scottish Government tries to give the impression that a currency union is still a possibility. It is not. This parrot is dead,’ said Ian Davidson, the chairman of the committee, reports The Straits Times.
BDST: 2040 HRS, JUL 21, 2014