A Federal UK?

[Professor Barney]

I'm conscious that the Scottish independence referendum may render this topic null and void in the next few hours, but for the sake of debate let's assume it has voted No, by whatever margin.

Does anyone else see a Federal version of the UK to be a solution to ongoing nationalist campaigns, and if so how would you see it working in practice?

[Professor Barney]

Thanks Loafer, I was just wondering how a shared currency would work if each member had their own tax and spend policies. Does it automatically mean that each would need to run a balanced budget (tax take = spending + levy for shared systems)?