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Scotland will have to quit the sterling if it votes for independence next year
Scotland will be forced to quit the sterling if it votes for independence next year, the Scottish secretary has warned.
Alistair Carmichael said the country could not guarantee a currency union with the UK after becoming independent.
It is the most prevalent warning yet for Scottish voters to remain in the UK in the referendum on September 18 next year.
Speaking about the possibility of keeping sterling, Mr Carmichael told The Financial Times: 'George Osborne has said ... it is highly unlikely.
'Most people in Whitehall understand that if George Osborne says something is highly unlikely, it is not going to happen.'
And when asked if he believed an independent Scotland would be excluded from the currency, he simply replied: 'Yes'.
Read more: Scottish secretary Alistair Carmichael warns: Scotland will have to quit the sterling if it votes for independence next year | Mail Online
Is Sterling that good, or should I say is the Euro that bad?
Alistair Carmichael said the country could not guarantee a currency union with the UK after becoming independent.
It is the most prevalent warning yet for Scottish voters to remain in the UK in the referendum on September 18 next year.
Speaking about the possibility of keeping sterling, Mr Carmichael told The Financial Times: 'George Osborne has said ... it is highly unlikely.
'Most people in Whitehall understand that if George Osborne says something is highly unlikely, it is not going to happen.'
And when asked if he believed an independent Scotland would be excluded from the currency, he simply replied: 'Yes'.
Read more: Scottish secretary Alistair Carmichael warns: Scotland will have to quit the sterling if it votes for independence next year | Mail Online
Is Sterling that good, or should I say is the Euro that bad?
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