There are three areas where the SNP have been mired in confusion since their campaign got under way last year. Firstly, at a very basic level, they can’t tell us what currency we would be using in an independent Scotland. Economists agree that the currency you choose is one of the most important decisions you will ever make because it determines what economic levers are available to you. On last night’s Newsnight debate, the panellists on the Nationalist side couldn’t even agree what option they would choose. What’s even more absurd is that Alex Salmond has gone from calling sterling “a millstone round our necks” to embracing it as his preferred option, even though it would mean Scots’ interest rates would be set by the Bank of England, by that time the central bank of a foreign country.
Posted on: Wed, 18 Sep 2013 11:57:08 +0000