08 August, 2014

No you don't

Alex Salmond, First Minister of Scotland, having been discomfited by his debating opponent who insisted he answer the question of Scotland's currency, has said 'Scotland will keep the pound as of right'.

I am afraid this is a right limited to members of the United Kingdom.

By the way, the name of the currency is Sterling.

Scotland's currency will decline by at least 20% if they vote for Independence. This could be a good thing, but probably won't be. They don't have the industry or the flexible labour markets to benefit from more competitive exports.

Currently the Scottish Currency is issued by Bank of Scotland, Clydesdale Bank and Royal Bank. Check your wallets for these notes.

What Salmond would like to do is say that he will allow Rest of UK to keep its nuclear base at Faslane if Scotland can use sterling. Unfortunately if he said this none of the loony left would vote for him, so he would lose anyway.

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