Monday, 5 March 2012

Limited room for manoeuvre

So, Alex Salmond has finally admitted that if an independent Scotland wants to use Sterling, it will have to have a fiscal stability pact with, er, the rest of the UK. That will be the countries which Scotland has just thumbed its nose at and divorced itself from. Does he really think that we are going to get good terms in those circumstances? Especially when you consider that the remainder of the UK will still be 10 times larger than us. We will very much be the junior partner and the only thing worse, as far as Calton can see, is joining the Euro. He notices that the First Minister also managed to neatly sidestep Andrew Neil's pertinent question on whether such a stability pact would limit Scotland's room for manoeuvre. That's because the answer is of course it would! Nice try Andrew but two damaging admissions from the SNP Leader in one interview is probably a bit too much to hope for.

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