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Scottish independence: John Swinney says 'No currency, no debt'

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Finance Secretary John Swinney has confirmed Scotland will not pay its share of the UK debt if it does not get a currency union after independence. The Scottish government minister told a BBC referendum debate if the UK seized all the assets of the currency it must also take all the liabilities. Scotland's share of UK debt would be in the region of £100bn. Former Lib Dem leader Charles Kennedy said defaulting would hurt an...

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