Ditch the pound to properly take back control
I can’t see that Scotland could possibly use the pound. You simply aren’t independent if you use another country’s currency. ScotlandS would have to take the riskris of moving to another currency.
ThereT may be some currencycu shocks while the world works out howho much the Scottish currencycu is worth but I’m suresu they wouldn’t be moremo than we’ve already sufferedsu in the last year fromfro Brexit.
ScotlandS could also attract newne business in ways it can’t ju justIt wouldnow. be attractive to a financialfin services industry looking forfo an English-speaking base which BUSINESS FRIENDLY Murphy thinks finance firms will want an English-speaking base is not known to be a tax haven and which has a long tradition of stable, secure management.
That is still true of Scotland with regard to insurance and I think it could attract serious new funding.
Scotland could generate its own clear industrial strategy, for example with regard to energy.
Energy is under-exploited in Scotland and I doubt it is being given the full credit for the potential to generate green energy. I do see it is possible for Scotland to stand as an independent state.
I don’t pretend it would be without difficulty but, bluntly, I don’t see any country in Europe that won’t be facing difficulties soon.