Clifford Chance

Scottish independence? The impact on assets, liabilities and currency

3 August 2021

If Scotland were to vote, in a second referendum, for independence from the rest of the United Kingdom, the UK's assets would need to be divided between the two countries.

The most difficult decision that Scotland would face is over its currency. Cautious voices recommend maintaining sterling for a lengthy period, but others want Scotland to have its own currency at, or shortly after, independence.

Download PDF