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Division over Scottish currency

The Treasury and Scottish Government are clashing over whether Scotland should keep the pound if the country votes for independence.

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Breaking up UK would leave Scotland with 'difficult choices'

Analysis has been prepared by Treasury civil servants and their analysis shows that the current arrangements of a full monetary, fiscal, political union bring economic benefits to all parts of the United Kingdom.

Breaking up that union would represent a fundamental change and confront an independent Scottish state with difficult choices about what to put in its place.

– George Osborne, Chancellor

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