Currency
Answer:
Timetable for introduction of Scottish Pound post independence. What will happen to wages and bank account, and pension.
Full answer here: A Scottish Currency in an Independent Scotland
Answer:
A foreign currency reserve is needed to support the domestic currency. It helps maintain the value of the currency and can be sold when required. Having and financing its own foreign currency reserve would cost about half a million pounds cheaper than servicing Scotland's share of the UK reserve.
Full answer here: The advantages of having our own foreign currency reserve
Answer:
A central bank needs to be established. Personal and business accounts need to be set up. Loans can continue to be paid in Sterling or the new currency. Pensions can also be paid in the same way.
Full answer here: How to start Scotland's own currency
Answer:
An independent Scotland needs its own currency. First requirement is a Central Bank. Then there the details of bank accounts, customer accounts (business and personal), repayment of loans, payment of pensions, and the printing and coining of money. All these are technical details which financial institutions are well versed in.
Full answer here: Independent currency requirements
Answer:
The advantages of independence relate to:
Self determination
Political identity
Brexit and EU membership
Maintenance of publicly owned health service
Control over use of resources
Economic control
Currency
Security and nuclear weapons
Full answer here: Some advantages to Scottish independence
Answer:
According to Modern Monetary Theory an independent currency is necessary to have a properly independent country. It is possible to establish a currency for Scotland and there are enough resources to provide sufficient monetary resources to support it.
Full answer here: Currencies Scotland could use after Independence
Scotland And EU
Author / Creator: Anthony Salamone
Media type: Podcast
Date published: 2323
Scottish Government’s latest independence White Paper on Scotland’s accession to the European Union
How easily could an independent Scotland set up its own currency?
Author / Creator: Believe in Scotland
Media type: Article
Date published: 2023
mini case studies to highlight the positives of adopting a new currency
What an independent Scotland can learn from Denmark
Author / Creator: Believe in Scotland
Media type: Article
Date published: 2023
Lessons for an Independent Scotland: Denmark
The UK Government should be planning for close links with an independent Scotland
Author / Creator: Derrick Wyatt
Media type: Blog
Date published: 2021
Geography and common values would dictate that any government of the new UK that emerged from Scottish secession would seek the closest possible economic and political links with an independent Scotland.
What new institutions of economic policy would an independent Scotland need?
Author / Creator: Gemma Tetlow
Date published: 2022
Building trust in a post-independence Scottish government’s commitments to sound economic policy and sustainable public finances requires strong, operationally independent institutions
Scottish independence, Brexit all over again?
Author / Creator: John Crabb
Media type: Article
Date published: 2021
Financial and regulatory implications could arise from Scotland leaving the United Kingdom
An independent Scotland: what would be the options for economic success
Author / Creator: MICHELLE KILFOYLE
Media type: Article
Date published: 2022
An independent Scotland's economic prospects rest on the outcome of tough choices about currency, public finances and membership of the European Union.
Scotland: Currency Options and Public Debt
Author / Creator: Angus Armstrong
Media type: Article
Date published: 2014
What currency option would be best for an independent Scotland
Scottish independence: what are the big economic questions?
Author / Creator: Graeme Roy
Media type: Article
Date published: 2022
The big issues are currency, fiscal sustainability, economic borders, economies of scale, and new institutions required.
Taxes don’t pay for services – so what are they for?
Author / Creator: Jim Byrne
Media type: Article
Date published: 2023
Austerity is unnecessary with independent taxation powers
A monetary straitjacket: Scottish Government economic plan for independence
Author / Creator: Ben Cooper
Media type: Article
Date published: 2022
"The best that can be said for the Scottish Government’s new economic paper for Scottish independence, Building a New Scotland: A stronger economy…, is that it does not include some of the more hideous ideas contained within
Twenty-First Century Central Banking and an Independent Scotland’s Currency Choice
Author / Creator: Iain Hardie
Media type: Report
Date published: 2022
"Having the full range of monetary policy options is essential for financial stability. [It enables] an independent Scotland’s government to protect its citizens in crises, whether global or more local.”
Does Scotland need its own currency after independence?
Author / Creator: Richard Murphy
Media type: Video
Date published: 2020
Scotland requires its own currency.
Why we don’t need to fear inflation
Author / Creator: Richard Murphy
Media type: Video
Date published: 2022
What inflation is and how to cope with it.