Belfast Telegraph

Thursday 17 April 2014

Scots entitled to keep pound

IN the midst of somewhat passe remarks about Braveheart, John Heyes (Write Back, February 14) says that he will be "damned" if the Scots keep the pound after independence.

The fact is, the pound is a freely tradable currency and the Scots almost certainly will keep it. The issue is, rather, of whether to have a formal currency union underwritten by the Bank of England.

It is unfortunate the political imperative of threatening Scots appears to have temporarily drowned out rationality.



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