Freedom! Och Aye the noo.....

[gaelic cowboy]

hmm Mr Osbourne obviously doesnt know his history he has forgotten there is precendent for breaking links with Sterling.

Seeing as that happend in the 1920s the financial system is probably far better equiped to adapt to a new currency in Scotland.

First you maintain one for one status and then later you float the currency freely and voila you have a new currency in Alba.

Beyond that basic point - the article is built on a fallacy because the Scottish Pound is seperate from the English one, all that has to happen is for the bank of England to stop redeeming the notes and the currency union ends.

Indeed Irish people are often caught out on holidays in the UK as sometimes the banks here give out sterling notes printed by the Northern Bank which many places in the UK wont accept.

Technically Actually both Scots and Northern notes are separate currencies with a one for one status.