Deleted account 210516001
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It certainly makes a good case for Scotland's continuing membership of the EU. However, this might finally put to bed the discussion about a currency unionhttp://www.publications.parliament.uk/pa/cm201415/cmselect/cmscotaf/499/49902.htm
You don't need to wade through the whole thing. Just read the conclusion. (My Bold Type)
96. We have emphasised in this report that the economic future of a separate Scotland would be determined, more than by anything else, by its choice of currency. It appears the Scottish Government's proposal for a continued sterling currency union is driven by the political aim of "de-risking" the idea of separation rather than by proper economic analysis of what would be best for Scotland in these circumstances. The issue is too important to be dealt with in this way.
97. The evidence which we have heard suggests very strongly that a currency union between the continuing UK and a separate Scotland would not work well for either country. Scotland would be tied to an exchange rate which became less and less suitable for its economy, and heavily constrained in its economic policy. Without a banking and fiscal union, and the political union which is essential to sustain it, such a currency union would be unstable.
98. It is not too late for the Scottish Government-or for independent analysts and economists-to present to the Scottish people the other options which are available, and as the option which appears to be favoured by Scottish Ministers is simply to use the pound sterling unilaterally, the implications of this should be urgently explored. Nowhere is this more significant than in the case of Scotland's banking and financial services industry, which is a very important part of the Scottish economy, and a historical Scottish success story, founded on selling products and services to customers primarily based elsewhere in the United Kingdom. The uncertainties created by referendum have already begun to affect this industry, with significant Scotland-based companies setting out contingency plans to relocate their headquarters to elsewhere in the UK where most of the customers are. The uncertainties they face are greatly enlarged by the reality of the currency choices a separate Scotland would have to make.
In summary "Come on Eck tell us what plan B is"
