Currency Union

Mervyn King, former Governor, Bank of England.



Published on 8 March 2016

This brief interview took place on 'Scotland Tonight', on Scottish Television.

Mervyn King, former Governor of the Bank of England suggests that a Currency Union would have been a foregone conclusion and he can see no reason why there would be any problems for Scotland or the Bank of England.

This is what Alex Salmond maintained - as did numerous other commentators who supported an independent Scotland. Unfortunately, by virtue of 'project fear', it was confirmed over and over how this arrangement could never be considered. The main voices promoting this view were:

  • Alastair Darling, former UK Chancellor of the Exchequer.

  • Gordon Brown, former UK Chancellor of the Exchequer and former UK Prime Minister.

  • George Osborne, former UK Chancellor of the Exchequer.

  • David Cameron, former UK Prime Minister.

The scaremongering surrounding a Currency Union was extremely damaging to the integrity of information that was available to the electorate during the referendum campaign period. This was just one of a number of subjects that were falsely portrayed on purpose by the Unionist Better Together campaign.

Despite the subsequent exposure of every instance of deliberate misinformation, nobody has been held accountable - and indeed, the exact same tactics are already evident in the EU referendum and the Scottish Parliamentary elections.