Scotland Decides ’14: all about the money as currency debate rages on

Michael Keating, Christopher A Whatley, Jo Armstrong, Trevor Salmon

Research output: Contribution to specialist publicationArticle


Scots would continue to use the pound as part of a formal currency union after independence, the SNP long argued. But Chancellor George Osborne ruled that out in a recent speech, following advice from Treasury civil servant Sir Nicholas Macpherson.

Since then the issue of currency has been the dominant one in the independence referendum campaign. And the SNP’s case appeared to be strengthened when Beijing-based professor Leslie Young criticised Macpherson’s claims and appeared to suggest that currency union was still viable.

Members of the Scotland Decides ’14 panel assess the state of the currency debate.
Original languageEnglish
Specialist publicationThe Conversation
PublisherThe Conversation UK
Publication statusPublished - 28 Mar 2014

Bibliographical note

Michael Keating receives funding from the Economic and Social Research Council.

Christopher A Whatley, Jo Armstrong, and Trevor Salmon do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.


  • Scottish independence
  • Scotland
  • scottish referendum
  • Scotland Decides 14


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