Currency

Common Weal looks at Fiscal Policy and provides an alternative prospectus based on ensuring wellbeing and equality for the people of Scotland.

―Countries rarely have full control over all aspects of currency management simultaneously. Compromises must often be made, though different countries arrive at different solutions to those compromises.

KEY POINTS

The introduction of a new currency needs to account for customer deposits and loans and the Sterling pensions guarantee.

The Sustainable Growth Commission's tests for to establish a new currency are flawed.  A new 7-point set of tests are proposed.

There are many visions about how we create an independent Scotland, but almost universally they all aim for the same conclusion.