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Scottish independence: Carney on 'multi-faceted judgement'

29 January 2014 Last updated at 14:08 GMT

Mark Carney, governor of the Bank of England, has spoken of the currency implications of a "Yes" vote in the referendum on Scottish independence.

Mr Carney said: "Any arrangement to retain sterling in an independent Scotland would need to be negotiated between Westminster and Holyrood, and the Bank of England would simply implement whatever monetary arrangements are put in place".

Speaking at a Scottish Council for Development and Industry event in Edinburgh, Mr Carney said whether people would be better or worse off in an independent Scotland was "a multi-faceted judgement for the Scottish people".

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