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CBI responds to Chancellor's speech on Scottish independence

The CBI  responded to a speech by the Chancellor, George Osborne, on Scottish independence and the implications for a currency union.


John Cridland, CBI Director-General, said:

 

"The lesson of the Eurozone crisis is a single currency union requires deep fiscal and political integration, which the three main Westminster parties have made clear would be undermined fatally by an independent Scotland.

 

“Without proper integration, jobs and investment are put at risk - and it is usually the small partner that loses out. Scotland's long-term economic prospects are best served by keeping the Pound and the only way to guarantee that is by staying in the union."

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