Tag Archives: New Economic Foundation

No, Scotland isn’t in a currency union

A currency union is when two states use the same currency.

The UK is a single state, that uses a single currency: the pound sterling.

James Meadway, who describes himself on his twitter profile as “Senior economist at The New Economics”, asserted on Twitter:

“You’re already *in* a currency union. Who in Scotland elects the Bank of England?”
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Filed under Economics, Politics, Scottish Politics