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The recent announcement by the Chancellor of the Exchequer that there will not be monetary union between an independent Scotland and the rest of the UK, brings with it certain implications for business.

Professor Brad MacKay suggests that if the pound sterling is, or looks to be, unavailable to a post-independent Scotland, it will result in a number of businesses having to make tough decisions on whether they can continue to domicile themselves in Scotland, and the degree to which they maintain the same level of economic activity in Scotland.

Brad was recently appointed by the ESRC (Economic Social Research Council) as a Senior Fellow for the Scotland Analysis, to investigate the impact of the independence debate in Scotland and the United Kingdom on business decision-making.

You can find his latest post on the implications of losing the pound sterling for business the Future of the UK and Scotland website»