Economist criticises currency union rejection:
http://www.bbc.co.uk/news/uk-scotlan...itics-26702405
The Scottish government welcomed Professor Young's report, saying it "totally demolishes" the Whitehall analysis, which it says plays on fear and has failed to capture the benefits of formal monetary union.
The alliance of Conservative and Labour on this issue "has been losing the political argument - now they're losing the fiscal argument too," said a spokesman for First Minister Alex Salmond.
A Treasury spokesman commented: "A currency union is not going to happen. The UK government has set out detailed analysis supported by numerous independent voices as to why a currency union is not in the interests of an independent Scotland or the remaining UK.
"This decision is not going to change. This means less than six months from the referendum, the Scottish government still has no plan for what currency they would use".