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

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