Urban Hat€monger ?

You'd be in the same situation as we are.

You could still use the pound as currency like we do.
The good side of that is because it's still technically a British pound it'll still be worth the same if you buy anything in the rest of Britian.

The downside of that is because it's the British pound and you won't have any MPs in Westminster any more so you'll have no say in how it's run you'll just be dictated to by the British government and you'll have to swallow it.

Also you'll find yourself in the situation that you can use English notes in Scotland, but won't be able to use Scottish notes in England. Much like how Guernsey & Jersey money can only be used in the Channel Islands but not Britain.

Also because we're not in the EU we're not subjected to by any of their laws although our government does tend to still follow some by choice, especially if you want to trade with them, all your goods will still have to meet with their standards.

The biggest worry you have is lots of your big businesses relocating to England, Royal Bank of Scotland have already said if it Scotland becomes independent they're going to relocate because most of their customers are based in the rest of Britain and if independence happens they're going to lose a lot of customers because their money won't be protected under British law anymore.

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