Summary
The cash question facing an independent Scotland. Chris Bowlby discovers the key role of currency in debate ahead of the Scottish referendum next year. With the SNP proposing to keep using sterling if Scotland becomes independent, what will this mean in the world of eurozone crises and financial panics? We discover the mysterious story of Scottish money - how its banknotes are guaranteed by so called giants and titans at the Bank of England. And we ask whether sterling can continue to work smoothly and keep popular confidence if the UK splits. What's the thinking behind the scenes as politicians and officials worry about a British version of the eurozone drama? With Scotland preparing to vote next year, and London wondering what could happen, Analysis reveals the key role of currency in the UK's political future.
Producer Mark Savage Editor Innes Bowen.
Transcript
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| 0:00.0 | Just before this BBC podcast gets underway, here's something you may not know. |
| 0:04.7 | My name's Linda Davies and I Commission Podcasts for BBC Sounds. |
| 0:08.5 | As you'd expect, at the BBC we make podcasts of the very highest quality featuring the most knowledgeable experts and genuinely engaging voices. |
| 0:18.0 | What you may not know is that the BBC makes podcasts about all kinds of things like pop stars, |
| 0:24.6 | poltergeist, cricket, and conspiracy theories and that's just a few examples. |
| 0:29.7 | If you'd like to discover something a little bit unexpected, find your next podcast over at BBC |
| 0:35.4 | Sounds. |
| 0:36.4 | Thank you for downloading this analysis program from the BBC. |
| 0:40.5 | I'm Chris Bulby. |
| 0:42.0 | As Scots prepare to vote on independence next year, I've been discovering how money is very much on their minds. |
| 0:48.0 | Scottish Bank Notes, cause of many an awkward moment when Scots arriving in England try to pay for a |
| 0:54.1 | taxi and a surprise too for the English heading north. I've just done what |
| 1:00.1 | many from the South do when visiting Scotland |
| 1:03.0 | a double take when the change for the coffee I've bought |
| 1:06.0 | has come as an unfamiliar bank note. |
| 1:08.0 | It's a reminder that monetary fusion in the UK |
| 1:11.0 | was never as complete as we might assume. |
| 1:13.6 | A separate Scottish tradition in banking and finance has always remained. |
| 1:17.8 | I don't know the history of Scottish money so I presume it stems from when we were independent originally I |
| 1:24.1 | don't see a norm with having separate notes because even though we are all part of the |
| 1:28.3 | United Kingdom it still does give us our own identity so I think it's quite nice to |
| 1:32.2 | have different notes for the |
... |
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