“The transition to full use of a S£ would take time, with high use of the UK£ within Scotland even once the S£ is established, whether at independence or soon after. In my view, it should start on day 1 of independence.”
Scottish currency
Another now, another Scotland
‘A publicly run financial system investing in worker-owned firms would be a truly brave vision for Scotland’s economy – but do we have politicians who can see beyond the doom-laden horizons of Capitalist Realism?’ asks Ben Wray in a review of Varoufakis’s first foray into fiction.
Which Scottish currency?
The issue of which currency an independent Scotland would adopt has gone on the back-burner. But with a new poll showing 58% support for indy it deserves to move to the front…Economist/statistician Richard Marsh urges a wider debate.
Indyref2 and the economic fundamentals
‘Underlying (onshore) economic and fiscal fundamentals are little different now to at the time of the first referendum. Economic debate around any second referendum is therefore likely to concentrate on: productivity growth prospects; how to narrow Scotland’s fiscal deficit; and how to improve the Current Account.’
Scots pound has a past… but a future?
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.