17/02/2014

Salmond Warns Against Rejecting Currency Union

The Scottish First Minister has warned that rejecting the currency union with an Independent Scotland would be expensive to British businesses.

In a speech in Edinburgh last Thursday the Chancellor George Osborne said: "If Scotland walks away from the UK, it walks away from the UK pound."

In a speech to business leaders in Aberdeen, Mr Salmond accused Mr Osborne of a complete "misrepresentation" of the situation and warned that rejecting a currency union could cost British businesses £500m a year.

Mr Salmond is also commented on the Scottish government's hope to achieve a fluent transition to full EU statehood, saying that no EU member state had indicated it would seek to block Scottish membership, after Jose Manuel Barroso, president of the European Commission said Scottish membership would be "extremely difficult, if not impossible."

(CVS)

Related UK National News Stories
Click here for the latest headlines.

28 March 2013
Record High For Scotland's Renewable Energy
The Department of Energy and Climate Change (DECC) has said Scotland generated 7% more renewable energy in 2012 than the previous year. In its latest report, it said 14,600 Gigawatt hours were generated in Scotland from renewable energy sources such as wind and hydro.
11 January 2012
Scottish Independence Referendum Plans Announced
The Scottish Government plans to hold an independence referendum in the autumn of 2014, First Minister Alex Salmond said following a meeting of the Cabinet yesterday afternoon.
23 May 2013
14-Year-Old Rescued From Chimney
A 14-year-old boy has been rescued from a chimney by firefighters who had to dismantle to the 20ft stack brick by brick. The boy was wedged inside the chimney of a single-storey building in Cassels Street, Carluke, South Lanarkshire, but it is not yet known how the boy fell down the chimney.
09 November 2012
Scottish Referendum Question Confirmed
The exact wording of the Scottish independence question has been announced. The Scottish government has confirmed what question will be put before the people of Scotland when they are asked to vote on the independence referendum.
29 June 2012
Employers Get Support For Graduate Jobs
A new pilot scheme in Scotalnd to support graduate recruitment and business growth has been launched by the Minister for Youth Employment Angela Constance. Businesses with fewer than 50 employees in Ayrshire, Lanarkshire, Renfrewshire and Dumfries and Galloway can now receive up to £3,000 to take on a graduate in a permanent post.