Scottish Affairs Committee - Third Report
The Referendum on Separation for Scotland: no doubt-no currency union

Here you can browse the report together with the Proceedings of the Committee. The published report was ordered by the House of Commons to be printed 16 July 2014.


Terms of Reference


Conclusions and recommendations

1 Introduction

2 Currency options

Why does the choice of currency matter?

Currency union

Monetary Policy

Fiscal Policy

Financial stability

The unsuitability of a currency union

Agreement on currency union ruled out

Unilateral use of Sterling

Using the Euro

A separate Scottish currency

The best option?

3 Financial services

Scottish financial services as part of the UK

Financial services in a separate Scotland

Regulation of financial services in a separate Scotland

Consumer protection

Impact on consumers

4 Conclusion

Appendix 1: Correspondence from Rt Hon Danny Alexander MP

Letter from Rt Hon Danny Alexander MP, Chief Secretary to the Treasury, 19 May 2014

Formal Minutes


List of Reports from the Committee during the current Parliament

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Prepared 21 July 2014