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Sharing sterling after independence 'best option'

Sharing sterling after independence is the best option for Scotland, First Minister Alex Salmond has insisted, but added that there is a plan B, C, D, E and F.

First Minister Alex Salmond insists on sharing sterling after Scottish independence Credit: Jonathan Brady/PA Wire

The Scottish Government favours a formal monetary union, in which an independent Scotland would continue to share the pound, but this arrangement has been ruled out by Chancellor George Osborne and the main parties at Westminster.

Speaking on BBC's Andrew Marr show, Mr Salmond said: "We're as entitled to share [sterling] as the people in London and therefore if you claim ownership over that currency like Ed Balls and George Osborne are doing then unfortunately you claim ownership over all the debts of the United Kingdom.

"That's why people in Scotland are seeing through the bluff and the bluster."

Read: Scottish independence 'a threat to safety and security'