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HSBC warning over Scotland yes vote

Scotland's economy would be in a "parlous state" if it becomes independent in next month's referendum, the chair of HSBC claims.

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'Enormous challenge' to produce own Scottish currency

Scotland would face an "enormous challenge" to produce their own currency if it became independent, according to the chair of HSBC, Douglas Flint.

Polls show most Scots want to retain the pound if they become independent. Credit: Edward Smith/EMPICS Entertainment

He said: "Scotland would be faced with monetary policy implementation without representation - a very odd form of independence."

The three main parties at Westminster have all ruled out the Scottish Government's preferred option of a formal currency union between an independent Scotland and the rest of the UK.

The Scottish referendum vote will take place on September 18.

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