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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Salmond: Treasury could change approach in 'Yes' vote

Scotland's First Minster has said that Mr Carney's predecessor at the Bank of England, Sir Mervyn KIng, had suggested the Treasury could change its approach in the event of a Yes vote.

Alex Salmond told how he had met Sir Mervyn "a couple of years back", and added: "The first thing he said to me was 'your problem is what they say now', meaning the Treasury, 'and what they say the day after a Yes vote in the referendum are two entirely different things'."

Mr Carney, who took over as Governor of the Bank of England in July, has already warned of "challenges" of adopting a shared currency without having "certain institutional structures" put in place.

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