An independent Scotland could find a new dynamism which would improve its economic performance. But not overnight. A new currency would almost certainly start at a discount to sterling.
“Pro-independence commentators on the Left are angry that (the recent Sustainable Growth Commission report) appears to reduce an “independent” Scotland to a “vassal state” (h/t JRM) of the Bank of England, Westminster/Whitehall and Brussels.” Some comments from the right as well as the left on the Big Debate…
The SNP hopes its Sustainable Growth Commission report will restart the national debate on independence? Richard Murphy describes it as disastrous, the Fraser of Allander Institute sees much for all parties to discuss (with or without independence in mind). Ray Perman thinks it will be forgotten fairly quickly.