A Scottish central bank will need to be set up to oversee the creation of a new Scottish currency. It will be the competent authority providing regulatory oversight of the banking system.
With the right plan on currency, economic model and transition, there is no reason why Scotland could not become a successful independent nation. But that plan needs to come from the 2020s, not the 1990s.
A report suggests an independent Scotland would have to make public expenditure reduction. he report actually says that public spending could continue to grow. This does depend on sufficient growth in the economy after independence.
Research means to become independent which will be legally recognized other than through a Westminster sanctioned referendum
Continue to develop a written constitution.
People working towards the introduction of a Scottish Currency 'as soon as practicable' after Independence Day. A Facebook group.
Banking has lost its way, forgetting that it should be serving its customers and not exploiting them. But a mutually-owned People’s Bank can change this.
Video: 2:09 minutes
The large debts shown by the 2020/1 GERS are temporary and not structural. They do not indicate that Scotland cannot afford to be inedpendent.
Launching a new currency in the modern digital age is complex – it is a process with a lot of moving parts – but it is not impossibly difficult.
This paper explores the historical precedents covering how debts and assets are split when states dissolve or become independent and applies those models to the case of Scottish independence.