currency union

After the Currency Union debate the #IndyRef is dead, so long live the SNP…

Mick Fealty on February 20, 2014, 12:33 pm | Readers 297

Lots of remarkable happenings in the last week or so in Scotland’s #IndyRef debate. Some of it needs taking with salt. For instance, whilst Barroso is correct to say that an independent Scotland will have to apply for membership of the EU, it’s hard to see what grounds anyone in the EU would have for saying no. It’s also true to say that the No campaign has hardly set the world alight. There have been precious few inspiring reasons given …

“If I were Scottish, I would not dream of accepting such an arrangement…”

Mick Fealty on February 13, 2014, 8:35 am | Readers 124

Martyn Wolf in the FT has been mulling over last week’s statement from the Governor of the Bank of England in relation to any future changes in the currency union between Scotland and what would be left of the UK after independence: Mr Carney failed to bring out two differences between the eurozone and a currency union between Scotland and the rest of the UK. One is that the rest of the UK generates 90 per cent of UK gross …