Monday, January 26th1.1°C
24736
24805

UK Treasury chief tells Scotland that a vote for independence means leaving pound

LONDON - U.K. Treasury chief George Osborne has told Scottish voters that if they vote for independence later this year, they will be walking away from the pound.

In a tough speech in Edinburgh on Thursday, Osborne ruled out a currency union, insisting that the pound would not be an asset divided up after a "messy divorce." The other major U.K. parties are backing that view.

"If Scotland walks away from the U.K., it walks away from the U.K. pound," he said.

A key plank of the strategy presented by independence leaders is that Scotland would share the pound if they win the Sept. 18 referendum.

But Osborne says the economic costs are too great for the remaining U.K. members — England, Wales and Northern Ireland — to consider a currency union.

The Canadian Press


Read more Business News

23643


Recent Trending




Today's Market
S&P TSX14797.83+18.48
S&P CDNX674.39-3.79
DJIA17678.70+6.10
Nasdaq4771.764+13.885
S&P 5002057.09+5.27
CDN Dollar0.8005-0.0011
Gold1281.40-11.20
Oil46.98+0.05
Lumber315.90-0.40
Natural Gas2.899+0.018

 
Okanagan Companies
Pacific Safety0.14+0.025
Knighthawk0.010.00
QHR Technologies Inc1.39+0.01
Cantex0.035+0.005
Anavex Life Sciences0.18-0.001
Metalex Ventures0.035-0.005
Russel Metals24.45-0.03
Copper Mountain Mining1.09-0.01
Colorado Resources0.135-0.02
ReliaBrand Inc0.006+0.001
Sunrise Resources Ltd0.055+0.03
Mission Ready Services0.24+0.02

 



24811

FEATURED Property
2154805646 Francis
10 bedrooms 6 baths
$770,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


How to price: workbook approach

In 2008 Self Counsel Press published my book - Pricing Strategies for Small Business. The book is now available in Europe, India, Russia and the United States. The purpose of the book was to make avai...


Ailing Parents: Tax Issues

If your parent has become ill, there can be several tax issues that come into play depending on the nature of their illness, their age and the role that family members are playing. For example, if you...


What do I pay ICBC for anyway?

If you have had ongoing dealings with ICBC as a result of a car accident than you have likely had the pleasure of dealing with at least two sides of ICBC. Initially the relationship starts off pleasan...

_



24709

24709


Member of BC Press Council


24697