Frank Kelly

If you are wondering why people are laughing at & ridiculing you, it’s because you are utterly clueless- here’s a simple explanation @grok crafted that might educate you:- “Three Scottish banks get to print their own pound notes because of old UK rules. For every note they print they must lock away a real Bank of England note, so they’re not creating new money — just putting different pictures on the same pounds. That special permission only exists under UK law and Bank of England rules. The day Scotland left the UK those rules would stop applying, so the banks would lose the right to keep printing Scottish notes. Scotland could still choose to keep using ordinary pounds without asking the UK (sterlingisation doesn’t need permission). But the current note-printing arrangement would end, and Scotland would have no Bank of England safety net. That’s why it’s not “just simple.””