Independence - For Some Its All About Our Money

11th September 2020

No matter what side of the political debate on Independence you sit on the currency looms large for many people

No decisions have been taken by the SNP as to the future of the currency. There are many difficult decisions surrounding this question and it undoubtedly affects how people view the future with their income and saving in mind.

A thought proving article today (11 September 2020) in the SNP supporting web site "The Source" will make you think no matter what side you are on regarding independence and the possiblity of a Scottish currency. Get this question right and things may not change much and get it wrong then who knows.

Robin McAlpine: This is why we're not ready to fight an independence referendum - but can be

He references an article in the Guardian that sets out the problems on currency for an independent Scotland and is a balanced look at the issues.

Nicola Sturgeon should not limit Scotland's economic options

It certainly looks that another independence referendum would turn on how safe many people feel they will be with a new currency or staying with sterling. The SNP know they went to the last referendum with the question unanswered properly. Will they be able to agree it before another one? Even if they do there will be many on the opposite side but it only needs as a small percentage to go with it to win the referendum with it running so close.

If you have plenty spare time Google the question or.......

If you want to read more then take look at the Growth Commission report at https://www.sustainablegrowthcommission.scot/report

As many have said it leaves the currency issue up in the air.

Scotland's Fiscal Framework

Finally in this most complicated problem take quick look at the following place and you will at least get an inkling of why most normal souls who do not have deep interest in economics just give up wishing only to know how it affects their pay, pension, mortgage and debts etc https://www.taxresearch.org.uk/Blog/2020/08/10/currency-is-the-number-one-issue-in-scottish-independence-debate/