Carney: A currency union means a loss of independence

Economics Editor Richard Edgar is in Edinburgh for the Bank of England Governor's speech on how a newly-independent Scotland could still retain sterling:

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Key message from Carney: "a durable, successful currency union requires some ceding of national sovereignty."

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Tough decisions on giving up sovereignty to be made both by Scots ... and rest of UK.

Read Richard's analysis of the Bank of England governor's speech

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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.