21 July 2014 Matt Sisson, Projects and Membership Manager
As the Scottish independence referendum approaches, we’ve kept track of the commentary in our Implications of Scottish Independence document. There are a number of other articles this week that add to the picture.
The Commons Scottish Affairs committee has said that Alex Salmond needs to explore a ‘Plan B’ on the issue of a Scottish currency, after all three of the main Westminster parties ruled out a currency union between a re-formulated UK and an independent Scotland. The committee concluded that it would destroy the “political and economy credibility” of a future Chancellor to agree to share the pound, the Telegraph reports.
In a separate article, the Telegraph reports that the Law Society of Scotland believes that Scottish universities would not be able to charge Rest of UK students fees after independence, without falling foul of EU law. In a final article on the BBC website, there is concern in a report by Capital Economics that uncertainty over aspects of independence – particularly around EU membership – is holding the Scottish economy back. However Tony Banks, chair of the pro-independence Business for Scotland group said “I wonder what Capital Economics thinks was holding Scotland's economy back before the referendum campaign started, because it's doing better now than it was before 2007”.