Tag Archives: currency union

Opinion: Use devo-max to put the positive case for the Union

I have no doubt that should Scotland’s voters decide to plump for independence on 18 September, Scotland would become a functional nation state. For unionists to claim that Scotland isn’t capable of governing itself, or that it would immediately become a celtic version of Greece is insulting, inaccurate and unlikely to marshal any votes into the No column. Though I believe we are better together, unionists need to make a positive case in addition to exposing the SNP’s wilful distortions and wishful thinking.

That is why I welcome the clarity from the Chancellor (pdf), Ed Balls and our own Danny

Posted in Op-eds | Also tagged and | 20 Comments

Danny Alexander: currency union would create unacceptable risks for Scotland and the UK

Lib Dem chief secretary to the treasury, Danny Alexander, released the following statement commenting on the Treasury’s analysis of a proposed currency union were Scotland to vote for independence:

Today the Treasury has published further analysis of the SNP’s proposed currency union in the event of Scotland voting for separation.

This analysis is crystal clear – a currency union would create unacceptable risks both for Scotland and the rest of the United Kingdom.

For Scotland separation would already be the riskiest and most uncertain step our country has ever taken. To take that step and then give up control over interest rates, exchange

Posted in News | Also tagged and | 34 Comments

LibLink: Tavish Scott MSP: Scots should put money on devo plus.

Tavish Scott has been writing for the Scotsman, comparing the necessary treaty for a currency union which would be required between an independent Scotland and the UK, and the idea of “Devo Plus” which, he argues, would give the Scottish Government more powers than independence.

First he tackles the realities of that treaty for currency union:

With the removal of political representation at Westminster following a Yes vote, the flexibility of a parliament will need to be replaced with a treaty. This will be neither flexible nor short. It will have to cover all aspects of monetary union starting with the role

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