In demanding to ‘share’ the pound in an independent Scotland, Alex Salmond omits to mention the huge damage and liability inflicted on Britain by Scots in the run-up to the 2008 financial crisis.
From 1997 until 2010, Britain’s affairs were in the hands of a government headed disproportionately by Scots. The offices of Prime Minister & First Lord of the Treasury, Chancellor of the Exchequer, Lord Chancellor were occupied by Scots. Other Scots, including Robertson, Reid, Cook, Darling, McCartney, presided over Foreign Affairs, Defence, Health and Home Office affairs.
The Chairman of the Commons Treasury Select Committee from 2001 until 2010 was John McFall MP (another Scot), and the Chairman of the newly created Financial Services Authority from 2003 until 2008 was Sir Callum McCarthy, another Scot.
Scottish interests are augmented by a Scottish Assembly, a Secretary of State for Scotland, plus a Scottish Affairs Select Committee.
The Royal Bank of Scotland (RBS), which precipitated the financial crisis in Britain in October 2008 was controlled at top level by Scots, and excluded the English who were only admitted when the first signs of the impending liquidity deficit became apparent.
Having absorbed the much (three times) greater NatWest bank in 2000, Fred Goodwin (the protege of RBS Board Chairman, George Mathewson), staged one take-over too many in concert with the Spanish Banco Santander and French Fortis banks ~ that of the toxic-debt ridden Dutch bank ABN Amro.
The result, as we all now know, was a financial crisis on a potentially epic scale in which Scots are responsible for so much of the consequential debt. Thus a situation was created in which Britain, by reason of the actions of a government dominated by Scots, was ill-placed to cope because of the massive government debts which had been incurred by other Scots.
Against this history of wholesale Scottish meddling, why on earth would any sane British (English) Government want to enter into a currency agreement with Scotland.