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Scottish independence leader hits back at UK govt

PTI | Last Updated: Monday, February 17, 2014 - 20:05

London: A Scottish independence leader has warned that businesses across Britain will pay if Scotland is shut out of a currency union in the event it votes to declare independence.
Scottish first minister Alex Salmond shot back on Monday after UK Treasury chief George Osborne last week ruled out a currency deal.

Osborne said Scotland would walk away from the pound should it vote for independence on September 18.

But Salmond says businesses in the rest of the UK will potentially pay "many hundreds of millions" in transaction costs.

Salmond dubbed these charges a "George Tax" and predicted it would be impossible "to sell to English business," that they might be charged "for the privilege of exporting goods to Scotland."

The Scottish National Party leader rejected Osborne`s remarks as a campaign tactic.

First Published: Monday, February 17, 2014 - 20:05

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