People want to know if Scotland can keep using the pound after independence, or if an independent currency is viable.
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.
Examining how an independent Scotland could back and defend a Scottish currency.
On the 25th May 2018, after more than 18 months of preparation, the SNP-commissioned Sustainable Growth Commission made its final report – entitled Scotland – The New Case For Optimism – which has been presented as a series of recommendations on which could rest the economic, fiscal and monetary
Common Weal looks at Fiscal Policy and provides an alternative prospectus based on ensuring wellbeing and equality for the people of Scotland.
Considering only the retail sector, £80 million is removed from the Scottish economy each year in the form of transaction charges skimmed from ATM withdrawals, debit/credit card payments and other forms of transaction like Paypal and internet transfers.
he UK’s model of economic development is based on a unproductive sectors which generate vast profits through four particular methods – financial speculation, asset value inflation, debt-fuelled consumption, and concentration and monopoly.
―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.
The Sustainable Growth Commission's tests for to establish a new currency are flawed. A new 7-point set of tests are proposed.