Stupididty on Stilts

Blair McDougall writes: “There has been a common theme to the last few days: an impartial figure has raised serious concerns about what currency an independent Scotland would use only to be dismissed by the nationalists.

Today the Chief Executive of BP, one of the biggest investors in the North Sea, said that he thinks that “Great Britain is great and it ought to stay together.” Talking to the BBC he cited the “question mark” hanging over what currency an independent Scotland would use as a concern.  The nationalists’ bizarre response has been to attack Mr Dudley, an American, as a “British Nationalist”.

Yesterday the Foreign Minister of Spain rejected Alex Salmond’s claims that Scotland would have fast-track entry to the EU and easy negotiations on issues like joining the Euro. The Spanish Minister, whose government will have a veto over the terms of Scottish membership of the EU said we would face a “mountain of problems”.

In a strong criticism of the SNP White Paper, Scotland’s accountants yesterday warned that “pensions questions have not been answered”. In particular, they too raised the “high degree of uncertainty as to what the currency of an independent Scotland will be”.

Brian Quinn, a former Chairman of Celtic Football Club, a former Deputy Governor of the Bank of England and honorary professor of economics at Glasgow University has said that Scotland cannot force the continuing UK into a currency union after independence  – a point reinforced by Shadow Chancellor Ed Balls who says Alex Salmond’s currency plans are “flawed” and “unworkable”. Even nationalist stalwart Jim Sillars has described Salmond’s currency position as “stupidity on stilts”

All this follows the important speech by Governor of the Bank of England Mark Carney on Wednesday. His message was clear: to avoid the kind of crises that have hit the Eurozone a currency union requires fiscal union. Alex Salmond immediately rejected this because it is exactly the sharing of taxes and spending across the UK that independence seeks to end.

The huge uncertainty over what currency Scotland would use if we leave the UK is now the central issue of the referendum.  It is clear that leaving the UK means losing the strength and security of the UK Pound. That means fewer jobs, higher bills and more expensive mortgages.

How much longer can Alex Salmond keep telling experts that they are wrong? When will he set out his plan B?” Please see-

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