Monday, September 1st15.5°C
23003
22805

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

22551


Recent Trending




Today's Market
S&P TSX15625.73+67.561
S&P CDNX1023.991.62
DJIA17098.4518.88
Nasdaq4580.271+22.577
S&P 5002003.37+6.63
CDN Dollar0.9205+0.0012
Gold1281.70-2.1001
Oil95.96+1.29
Lumber348.40+2.60
Natural Gas3.965+0.054

 
Okanagan Companies
Pacific Safety0.20+0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.190.00
Cantex0.08+0.01
Anavex Life Sciences0.25+0.01
Metalex Ventures0.0750.00
Russel Metals36.48+0.09
Copper Mountain Mining2.93+0.02
Colorado Resources0.180.00
ReliaBrand Inc0.10+0.001
Sunrise Resources Ltd0.0250.00
Mission Ready Services0.245-0.005

 



22929

FEATURED Property
204663318 Crown Crescent
10087066 bedrooms
$89,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


At the Core: Lessons in pricing from Apple

Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....


New Real Estate Brokerage in town

Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...


How much mortgage should you carry?

There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...

_








Member of BC Press Council


22810