Advertisement

  1. National

Scotland 'can't have complete independence if it keeps pound'

The Bank of England Governor Mark Carney has warned that a newly-independent Scotland would not have complete economic independence from the rest of UK if it wanted to keep the pound. He has held talks with Scotland's First Minister over the issue.

View all 10 updates ›

BoE Governor talks on Scotland retaining the pound

Scotland's First Minister will have face-to-face talks with the latest Bank of England governor for the first time today. Alex Salmond and Mark Carney are due to meet in Edinburgh.

Governor of the Bank of England Mark Carney. Credit: Dylan Martinez/PA Wire/Press Association Images

Mr Carney is also giving a speech in the capital, in which the issue of a currency union between an independent Scotland and the rest of the UK will be addressed.

Mr Salmond's Scottish Government has put forward plans for Scotland to retain the pound if the country votes for independence in September's referendum, establishing a "sterling zone" with the UK.

More top news