Darling labels SNP currency plan ‘bonkers’

Alistair Darling has warned against “utterly bonkers” plans to use the pound in an independent Scotland – claiming the nation could follow Ireland into financial ruin.

The ex-chancellor even suggested the Scottish Government would effectively have to go to the rest of the UK for budget approval if it decided to keep sterling.

In a significant new attack on the SNP, he compared an independent Scotland’s position in the UK to Ireland’s in the eurozone, if interest rates were controlled by the Bank of England.

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