This article was last updated on April 16, 2022
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U.K. Chancellor, George Osborne has told Scottish business leaders there is still an economic case for Scotland to stay within the United Kingdom as the financial consequences of the Scottish independence has not been addressed.
At a CBI dinner, Mr. Chancellor has said there was more to Unionism than “wallowing in nostalgia” and accused Alex Salmond of failing to provide credible answers on his plans for a shared sterling currency union. He said basic questions about Scotland’s currency and monetary policy had not been clearly addressed, and that independence would mean higher interest rates for households and businesses.
The SNP has said Mr. Osborne’s “disastrous economic policies” threatened jobs and investment across the country.
But Finance Secretary, John Swinney’s spokesperson has said: “Scotland needs no lessons from a Tory Chancellor whose disastrous economic policies are threatening jobs and investment across this country. The uncertainty being caused to Scottish businesses is through Mr Osborne’s policies, and his government’s failure to invest in capital projects. The cast-iron position is that an independent Scotland will keep the pound – a position that Scottish Secretary Michael Moore has agreed with. And Scotland urgently needs the powers of an independent country to boost economic recovery and create jobs, and many of the leading job-creators in Scotland agree with us on that.”
Meanwhile, Deputy First Minister Nicola Sturgeon held talks yesterday with Scotland Office Minister David Mundell to pave the way for crunch talks between Mr. Salmond and David Cameron to settle details of the 2014 referendum.
Tycoon Jim McColl said he would back the Scottish independence, having previously supported “devo max”, which remain no longer on the cards.
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