Scotland could abandon currency union with UK, Alex Salmond says

Alex Salmond has said that Scotland’s nationalists were open to abandoning previous plans for a currency union with the rest of the UK in the case of independence.

In an interview with the Financial Times, Scotland’s former First Minister who spearheaded the failed 2014 independence campaign, ruled out using the euro in the case of a split, but suggested that Scotland could start using a completely new currency, the value of which would either float freely or be pegged to the pound.

Mr Salmond also said that he thought Theresa May’s efforts to postpone a second referendum until after Brexit had the potential to backfire and embolden support for independence.

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Source: Independent News Retrieved 19 March 2017, from http://www.independent.co.uk/news/business/news/scotland-independence-referendum-abandon-currency-union-with-uk-alex-salmond-a7634496.html