UK parliamentary report calls currency union with independent Scotland a ‘dead parrot'

Scotland and UK flags

A UK parliamentary committee has dismissed the possibility of a currency union with an independent Scotland, warning that no British government would be able to enter into the arrangement "without totally destroying both [its] political and economic credibility".

"The leadership of the three main political parties in the UK have made statements precluding a currency union, so unequivocal as to leave themselves without any room for manoeuvre," the Scottish Affairs Committee said in a report today

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.