Alistair Darling
Media playback is unsupported on your device
Video

Alistair Darling on independent Scotland using sterling

Former Chancellor Alistair Darling said an independent Scotland would be in an "absolutely ludicrous position" if it took sterling as its currency, with interest rates set by the Bank of England, which would then be a foreign country.

He planned to make a "full part" in the independence debate, but would be not drawn on whether he would lead the pro-unionist campaign, despite his name being touted for the job.

MORE FROM THE SUNDAY POLITICS

More clips and news on our BBC website; 'like' us on Facebook page; follow us on Twitter

  • 15 Jan 2012
Go to next video: Would Scotland take on some UK debts?