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The truths they don't want you to read....

Wednesday, January 24, 2007

A Scottish currency

After careful consideration of the debate as to whether the an Independent Scotland should:
(a) Have a separate currency
(b) Join the Euro
(c) Continue to use the £ sterling

I've come to my view on the best way forward. Given that there will have to be an economic "shock" at some point as both economies adjust to their new status, and as exporters and importers will have to adjust prices to reflect the underlying economic reality, I'm all in favour of moving to a Scottish currency as soon as practicable.

Basically, I don't want our economic performance dragged down by our neighbours who will have different demands and expectations.

In addition, we will have no-one to blame for the economic situation but ourselves. isn't that what we want?

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