Calton said it first

Calton has been saying for quite some time now that, if an independent Scotland is to truly have control over its economic policy, it needs to have its own currency. Now, leading economist Professor John Kay has said much the same thing. He thinks that it would be right to try and retain the pound but the cost might be restrictions on our fiscal freedom. John Swinney has welcomed the Professor's contribution to the debate which leads Calton to wonder if he actually listened to/read it. So, for the benefit of Signalman Swinney, here it is in plain language - we won't be the ones pulling the fiscal levers if we keep the pound. It would therefore seem wise to have an alternative option if Sterling proves too tricky. It's called the Groat. (Anyone who expected Calton to say the Euro has (a) not been reading this blog and (b) deserves their eyes pecked out.)