Currency concerns ahead of Scotland vote to leave UK

Global Business

Britain is bracing itself for the possible fallout from a ‘Yes’ vote in Thursday’s Scottish Independence referendum.

UK Prime Minister David Cameron gave the go-ahead for the plebiscite two years ago with the publication of the ‘Edinburgh Agreement’.

Now ‘decision time’ is just days away and opinion polls indicate the break-up of the United Kingdom in its present form could be a reality. CCTV America’s Richard Bestic reports.

Currency concerns ahead of vote to leave UK

Currency concerns ahead of vote to leave UK

Britain is bracing itself for the possible fallout from a 'Yes' vote in Thursday's Scottish Independence referendum.

Scotland’s First Minister Alex Salmond has told the country’s five million people independence will give them security and prosperity. However, in what have been heated debates, he’s accused of failing to say whether they’ll have their own currency.

Currently, United Kingdom gives Scottish banking protection using the wealth of the Bank of England. However, all political parties in London have said there’ll be no currency Union with an independent Scotland.

Economist Danae Kyriakopoulou joins the show for more on Scotland’s currency options.

Kyriakopolou on the long road to the Euro

Kyriakopolou on the long road to the Euro

Economist Danae Kyriakopoulou joins the show for more on Scotland’s currency options.