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Sturgeon sets out aims for new Scottish currency after independence

First minister describes Britain as being in economic decline and wants quick transition from pound with own central bank

Nicola Sturgeon has vowed that an independent Scotland would set up its own central bank and adopt a new currency after a “careful and phased” transition.

Setting out her economic plan for an independent Scotland at a briefing on Monday, the first minister said the transition from the British pound to a new Scottish currency should be as short as “practicable”.

Her economic blueprint was the third of a series of papers designed to demonstrate how an independent Scotland would function if it left its 315-year union with England.

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