Hopefully now the SNP can reveal their currency "Plan B" - which they won't of course as the other two options are a Scottish currency (seriously unpredictable) or the Euro (political suicide given the current state of affairs).
I mean, there is a Plan B, right..?
http://www.bbc.co.uk...litics-26147783
George Osbourne maybe won't be chancellor at this point. The statement is an empty threat to scare the uninformed.
Anyone see the Tories seeing out a 2015 election?
As said a million times before as well no one needs to give anyone permission to use the pound.
http://www.itv.com/n...n-to-use-pound/
There is also the balance of payments issue. Where it is in the rUK's interest to keep the net exporter Scotland in the union or in currency union.
Do you really think George Osbourne is fighting to keep us in for our interest? I bet he couldn't even point out Glasgow on a map of Strathclyde.
The point is Scott, is that (much like most other parts of the independance proposal), there is no back-up plan proposed in case the the economic conditions of a shared currency start to work against one party. Plus as you know it is a potential restriction on UK confidence (which one of the UK political parties will one day grab hold of and use for votes), and significantly restricts what a IS could do with these new fangled "economic levers" (which are basically a reorientation of spending priorities based on the left-leaning SNP). The only people it really suits is the SNP agenda of getting over the line of independance with as little hassle as possible, avoiding doing it right first time.. I cannot sign up to a political vision that is so short on real answers and so confident in assumption..
Osbourne may not be Chancellor after 2015, but the general feeling is that the future UK political leadership will not favour sharing the pound, especially if any significant issues arise where the rUK is out of pocket, or in anyway hampered by a currency union. This is not scaremongering, its a potential reality.
It's not about permission to the use the Pound - we could use many other currencies, or peg a new currency to any other currency. As for the link, I'm pretty sure the comparison of the Eurozone and the problems that have arisen there are far more relevant and realistic to us than that of Panama and Ecuador... Where are their manin exports - hats, bananas and class A drugs? 