THE GROWTH COMMISSION: AT A GLANCE

CURRENCY

Use Sterling for “possibly extended transition period” – up to 10 years – to create stability and certainty.

Consider six tests to see if conditions met to transfer to new currency, including whether budget deficit and debt level are sustainable and if there are enough financial reserves.

This will mean Scotland would “not secure monetary policy sovereignty” ie Bank of England would control setting of interest rates and exchange rate policy.

Might join euro at later stage if economic conditions were right. In 2014, EU officials warned countries without their own monetary body could not join the bloc.

Rules out 2014 currency union proposal as it would cause too much uncertainty given UK Government would probably again say No.

IMMIGRATION

Creating open “Come to Scotland” migration package to help address Scotland’s “demographic time bomb” and boost the population is vital to helping independent country thrive.

Notes how 429,000 foreigners who live in Scotland contribute a net sum of £1.3 billion a year and pay in £4.3bn in tax and other contributions.

Several incentives set out to attract migrant workers, including “Golden Hellos” or “transition relief” tax cuts for highly skilled migrant workers and a streamlined visa system.