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13/02/2014
Chancellor Warns Scotland Over Sharing The Pound
The UK would have no reason to share its currency with an independent Scotland, the Chancellor George Osborne has said.
The chancellor laid out his position during a speech in Edinburgh marking the publication of the Treasury's latest report on issue of Scottish independence.
A referendum is due to be held on September 18, to decide if Scotland should remain part of the UK or become an independent state.
The Scottish government has said that should the referendum produce a yes vote, it would want to retain sterling as its currency.
However, Mr Osborne has said that should Scotland "walk away from the UK, it walks away from the pound."
Mr Osborn said there would be no legal reason for the UK to share its currency, adding that asking the taxpayers to continue to back a new foreign country would be "patently absurd.
(MH/CD)
The chancellor laid out his position during a speech in Edinburgh marking the publication of the Treasury's latest report on issue of Scottish independence.
A referendum is due to be held on September 18, to decide if Scotland should remain part of the UK or become an independent state.
The Scottish government has said that should the referendum produce a yes vote, it would want to retain sterling as its currency.
However, Mr Osborne has said that should Scotland "walk away from the UK, it walks away from the pound."
Mr Osborn said there would be no legal reason for the UK to share its currency, adding that asking the taxpayers to continue to back a new foreign country would be "patently absurd.
(MH/CD)
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13 November 2014
New Scotland Yard Sold
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New Scotland Yard Sold
The headquarters of the Metropolitan Police has been sold, London's deputy mayor for police and crime has confirmed. The proceeds from the sale of New Scotland Yard (NSY) are to be reinvested in frontline policing, Stephen Greenhalgh has said. NSY has been the headquarters of the Met since 1967 but has been sold as part of cost-cutting measures.
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