A former top In a letter to LibDem Chief Secretary to the Treasury Danny Alexander,
No campaigners described
A spokesperson for Scottish Finance Secretary
In his letter,
He also said he believed that both
The First Minister insists that the opposition of the main pro- Union parties to his plan is a "bluff".
But pressed on what he would do if there was no "sterling zone",
"Sterlingisation" is akin to the more common phenomenon of "dollarisation", in which countries far from American shores use the US dollar.
Critics warn drawbacks include no central bank, which would normally act as a lender of last resort if commercial banks got into trouble, and no control over things like interest rates.
The Finnish politician had previously served as the commissioner for EU enlargement.
In a speech to the Chatham House think tank last night,
"Because, even if the rest of the
"This is an arrangement known as 'sterlingisation', which would mean
"This is not only a bonkers idea which flies in the face of any reasonable notion of what independence means and which would impose costs and risks on people and businesses in
Last night pro-independence sources questioned whether
The Treasury insisted that there had been no breach because
A former top
In a letter to LibDem Chief Secretary to the Treasury Danny Alexander,