Independence for Scotland-Pt. 5
- Iain Muir
- Aug 30, 2020
- 1 min read
Updated: Aug 31, 2020
Independence - Establishing a New Scottish Currency
The drive for Independence is being justified on the back of Scotland joining the European Union.
In order for this to happen, Scotland will need to do the following:
Create its own Stable Currency
Create an Independent Monetary Policy
It is suggested by the Sustainable Growth Commission Report that this could have a time span from between 5 to 10 years.
This would mean that Scotland would have to continue using Sterling until such times as this could be achieved.
This would also mean that Scotland would be unable to join the European Union until at least 2026 and possibly not until 2031.
This is quite a complex set of requirements so in order to explain further, please have another watch and a listen as Nicola Sturgeon and Andrew Neil discuss the issues.
Notes of reference - The 6 Tests referred to by Andrew Neil
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