Scotland has the same representation as everyone else in the UK...are you suggesting that Scotland be given preferential treatment?
I think I've been quite clear Castiel, there is no Scottish representation or "say over the pound" on the MPC.
Your straw man about preferential treatment would be easily avoided if you followed my assertion; that nothing will change and would have to change on the advent on Independence in relation to Scotland's continued use of the currency.
Suggestions to the contrary are economic suicide.
'You don't think'...is exactly the point, it is your opinion. The interests of the UK economy are inclusive of ALL the UK, that includes Scotland.
It was a figure of speak Castiel, and of course it's my opinion. Just like what you are typing is your opinion.
Except there are plenty of polls that show people in Scotland do not have the same faith as you do in the 'best interests and intentions' of Westminster and I think (again, a figure of speach. I know) that's particularly acute when it comes to matters of economy.
No it isn't. It is, for practical purposes a currency union, however the UK Treasury doesn't guarantee or underwrite the Manx Pound, and the others are all using it as an exchangeable currency without legal tender status within the UK proper and/or subject to the BoE and Treasury policies of the UK.
So that looks nothing like a currency union which was what I asked you?
It's a defacto currency Union, and again I see no reason why Scotland would not be offered the same opportunity as others of have become independent politically. There would be good reason for it to continue, not least of which is part Scots ownership of the bank and substantial deposits backing our own currency issue.
There is nothing stopping Scotland using Sterling, but their is also no obligation to Scotland by the BoE or the rUK Treasury.
I think there is, we partly own it unless we are to get our respective share value.
It isn't absurd, it is something that will have to be negotiated, if Scotland chose independence. The rUK and BoE will act in the interests of the rUK and if that means a currency union then I am sure that will happen, however, if it doesn't or if there is issues such as Euro admission requirements on Scotland, then it may well not happen.
It clearly is absurd to argue all those other countries could have it but Scotland couldn't. How could you even disagree with that statement?
The rUK is commited to acting in the interests of both nations in the advent of Independence, as is Scotland. It clearly would be in the interests of both nations to keep a currency union, which is partly why people are a bit dumbfounded at all the threats to the contrary.
Scotland can't be 'forced' to join the Euro, it has to have its own currency to engage with the prerequisite exchange mechanism in the first place.
Again, no substantive proposals, just 'this is what will happen'...anyone can say whatever they want, the reality is often somewhat different however. Even the SNP/Yes Campaign cannot agree what they want at the moment.
The discredited and downgraded Chancellor can scream to the high heavens about just how much he is itching bite his nose off to spite his face in the advent of Scottish independence, it doesn't make his threats any less nutty.