Doubts expressed on currency union

By Cameron Brooks

Published: 06/12/2013

An independent Scotland would be the junior partner in a currency union with the rest of the UK which would hold all the power, a north-east academic has claimed.

Professor Michael Keating, a politics expert at Aberdeen University, said he did not think Edinburgh ministers would have any control over the management of the pound and decisions would be taken solely by the Bank of England.

He told MSPs that entering into a currency union would reduce the idea of independence in a traditional sense because there would be a strong degree of dependence.

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