Scotland after Sterling
Scottish advocates of leaving the United Kingdom need a plan for a new currency and an independent central bank, as well as a blueprint for the country's subsequent transition to the euro. These would go a long way toward reassuring Scots who yearn for independence but worry about what follows sterling.
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BERKELEY – The odds of Scotland becoming independent are rising by the day. In Scotland’s 2014 referendum, some 45% of voters favored independence. Brexit, which some 60% of Scotland’s voters opposed, is now forcing the Scottish electorate to choose between staying in the United Kingdom and remaining in the European Union, shifting public opinion further toward independence.