chrisd
Major Champion
Membership of the EU does not mandate membership of the Euro. If the Scots elect not to take the Euro then they would to negotiate membership of the pound with the English or even a new currency. Assuming that both Europe and the 'remaining UK' would impose terms not favourable to Scotland, then the politicians might make the argument that their own currency would give them much more flexibility
As far as I understand, entry to the EU requires agreement to join the Euro. If Scotland wanted the pound then they wouldn't really be independent as the Bank of England would dictate interest rates and that would apply to Scotland too, except the BoE would, I suspect, put England, Ireland and Wales needs first. So, in dictating interest rate we also decide your mortgage rates and business loan costs and largely dictate most of your fiscal policies. To suggest that you could keep the pound seems to me the same fudging of issues that permeate through the whole of the plan -Scotland have to either go, or stay, there isn't really a halfway house where they stay for the bits that they benefit from.
As I see it a lot of the decisions as to what happens after a yes vote arnt in the hands of the Scottish Government, entry terms to EU, currency, immigration
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