Scotland is to have a referendum on regaining independence from the UK, and if the result is Yes, signs are that they are set to make the disastrous mistake of retaining a currency union with, or pegging to, Pound Sterling.
But as I often find myself saying: The Greens get it. Thank goodness someone does!
As, in fact, do Labour. It’s a wonder what needing to understand something in order to attack your political opponent can do! Suddenly the Labour Party is discovering the flaws of currency union without fiscal union that they were as a party so blind to when it came to the Euro.
Patrick Harvie has raised questions about defecting from pound sterling.
By SCOTT MACNAB
Published on Tuesday 29 May 2012 00:00
An independent Scotland will have to look at setting up its own currency, according to one of the “Yes” campaign’s leading figures