Wednesday, 12 February 2014

George Osborne to ‘rule out currency union’

UK Chancellor George Osborne is likely to rule out a formal currency union with an independent Scotland, government sources have told the BBC.

It came after the prime minister said Mr Osborne would set out details of the coalition's position this week.
The Scottish government wants to keep the pound in a currency union if there is a referendum "Yes" vote.

Excellent news, I’ve found it quite strange that Alex Salmond seems to think that if the Scottish people vote yes and choose to be independent they should be entitled to keep most of the benefits they enjoy being part of the union now.

Excuse the expression but they should be in for a penny in for a pound, you can’t say we want to be independent but we want to keep this, this and this, and thankfully on the biggest issue of all Osborne looks set to call Salmond’s bluff.

I’ve got to say though I do admire Alex Salmond for chucking all his eggs in the wrong basket and yet pretending he hasn’t, all the poll data suggests that the majority of Scots want to remain part of the UK and now Osborne has ruled out a currency agreement the minority who did support it will drop, and yet every time I see Salmond being asked about the vote he seems as confident as ever that he will get a yes and that everything is going spiffingly well. 

Be interesting to see how he tries to spin his way out of this one.  

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