Retain the Pound (Scots or Sterling?)

According to a YouGov poll commissioned by the SNP, 66% of Scots would prefer to keep the Pound as the currency of an Independent Scotland.

But which Pound?

Scots Pound or the Pound Sterling?

Its time to tell the Scots some actual facts then let them apply Common Sense

The Scots Pound, backed by Sovereign Scotland's resources including energy (with reserves worth £1.5 trillion of oil alone) and whisky (revenues worth some £5 billion per year), and water etc. etc.

The Scots Pound will be a strong currency supported by our wealth of resources.

The Pound Sterling, burdened by £1.4 trillion of unpayable debt. An economy where industry has been crippled to ensure the profitability of the London financial markets controlled by greedy, immoral bankers and weak politicians.

The Pound Sterling, without Scottish resources as a reserve, will be a weak currency and will likely lose value rapidly.

After 306 years of union with England, Scotland is still paying off the debts of England in accordance with the terms of the 1707 Treaty of Union. Read these terms on Google.


Yes Campaign Chairman Concurs with SDA on the need for Scotland to have our Own Currency

Dennis Caranvan told the BBC that he considers Scotland should have its own currency as this will provide greater flexibility and more freedom to respond to the needs of Scotland, as well as providing a wider range of economic levers to determine and develop the Scottish economy.

Over the past two years the Scottish Democratic Alliance have stated that sovereign Scotland will be in a stronger economic position with its own currency - the Scots Pound. The Yes Campaign are the latest to join the growing group including the Scottish Democratic Alliance, Scottish Greens, the Scottish Socialist Party and the Reid Foundation in the believe that Scotland should adopt its own currency. 

The Scottish Democratic Alliance will shortly be holding a Blether in Edinburgh to debate money matters. Including a speaker outlining proposals for a future Scottish Monetary policy with our own Central Bank and our own Currency. Details of the Blether to follow.

30 April 2013

The Reid Foundation concur with the SDA's position that Scotland "must have its own currency" after Yes vote

The Reid Foundation commissioned a report from Dr Jim Cuthbert titled "The Mismanagement of Britain", which refers to the performance of the UK economy reflecting chronic, long-term mismanagement of the economy.

Jim Cuthbert said that the Nationalist's economic strategy should be rethought and reversed before the referendum as the UK is far from having the characteristics of an optimal currency area.

Following extensive research the SDA advocates that Scotland should have its own currency the "Scots Pound" a stand alone currency separate from the "Pound Sterling".

The SDA have commissioned the "Scottish Centre for Constitutional Studies", a think tank, to provide a report on the economic case for a separate currency for sovereign Scotland. The report to be presented at the autumn Annual General Meeting 2013 of the Scottish Democratic Alliance.

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