In case Scotland votes for independence in September, it can forget about the sterling, BBC says citing George Osborne, the Chancellor of the Exchequer.
According to Mr Osborne, there are no reasons that the rest of the United Kingdom will want to share the pound with the independent Scotland. "The pound isn't an asset to be divided up between two countries after a break-up like a CD collection,’ he noted.
Scotland’s government still hopes that the country can keep the sterling as the national currency. Such a proposal is in the White Paper containing the main principles of the independent Scotland. It suggests that after the separation, Queen Elizabeth II will still be the head of the state.
The Scottish people have got to decide at the referendum scheduled on September 18 whether the country should gain independence or not. In case it should, Scotland will be officially declared independent on March 24, 2016. In accordance with the Act of Union, Great Britain and Scotland united that led to the creation of the United Kingdom. However, many centuries the Scottish have been claiming the departure. Nevertheless, the country is considered as the most autonomous nation of the United Kingdom as it has its own parliament, legal system, and church.