MARTIN GILBERT, chief executive of Aberdeen Asset Management (one of the worlds largest asset management firms) today said: I think an independent Scotland would be a big success. Dismissing suggestions from the Bank of England that a currency union was incompatible with national sovereignty, he also thinks that sterlingisation (i.e. use of the pound without a formal CU) would be a pretty good option: Low or no debt would be the position if an independent Scotland were denied access to Bank of England financial assets, and that would leave the newly-independent country in both budget and balance of payments surplus. Not a bad start. bbc.co.uk/news/uk-scotland-scotland-business-29155827
Posted on: Thu, 11 Sep 2014 22:56:30 +0000
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