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
- A route to economic growth – The Belt and Road Initiative 2018 survey
- ECB will ‘accelerate efforts’ to tackle staff concerns after second survey
- After the Congress – Interpreting China’s new development concept
- Asian Infrastructure Investment Bank – Raising expectations
- Do not discount central bank digital currency yet – Lagarde