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.

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Scotland 'would be constrained by currency union'

Mark Carney with Scotland's First Minister Alex Salmond this morning Credit: PA Wire

The Bank of England Governor has warned that a newly-independent Scotland would be forced to hand over some national sovereignty if it wanted to keep the pound.

But Mark Carney appeared to step back from getting involved in the political row oer independence, saying: "Decisions that cede sovereignty and limit autonomy are rightly choices for elected governments and involve considerations beyond mere economics.

"For those considerations, others are better placed to comment."

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