5:09pm Monday 9th December 2013 in Letters
I RATHER wonder what the people of Wales would think if Alex Salmond the First Minister of Scotland came down and started interfering in the politics of Wales.
We’ve just had to put up with Welsh leader Carwyn Jones coming up to Scotland and attacking the Scottish Government – and talking a lot of rubbish as he did so.
He chooses to question whether Scotland could retain Sterling as its currency after independence and be part of a currency union with the rest of the UK. This is the Scottish Government’s preferred option at the moment and has been described by Alistair Darling as “logical and sensible”.
Jones operates on a number of flawed assumptions, however.
Firstly, as Sterling is an internationally traded currency, any country can use it.
Secondly, the average person in Scotland cares not at all what his currency will be called as long as he or she had enough to pay the bills.
And thirdly, Scotland remaining in a sterling currency union with the remaining UK is much more important to the UK than it is to Scotland. Were Scotland to pull out of sterling after independence, the currency would immediately face significant devaluation, as the export of oil and gas is the biggest factor in it retaining its value.
If you would like to make a comment about this, please email David McEwan Hill at firstname.lastname@example.org David McEwan Hill Tom Nan Ragh Argyll
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