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People deserve better than bluster’s last stand on currency

February 17, 2014 1:29 PM
Originally published by Scottish Liberal Democrats

Leader of the Scottish Liberal Democrats Willie Rennie has urged Alex Salmond to reveal his plan B for currency and said that people deserve better than bluster's last stand.

First Minister Alex Salmond refused to consider alternatives in speech on currency for an independent Scotland today, despite recognising on Friday that there were alternative options if his plan A did not work.

The chaos around Alex Salmond's currency plans follows remarks made by Fiscal Commission Working Group member Sir James Mirrlees this morning, where he said that a Sterling currency union would mean an independent Scotland would have to cede some sovereignty.

The Yes Scotland advisory board will meet today in Glasgow, where it is reported that chairman Denis Canavan and other members will discuss alternatives to what they believe is an untenable position on currency.

Mr Rennie said:

"Alex Salmond is the last man standing in defence of his unworkable Willie RennieWillie Renniecurrency plans. All around him his nationalist allies, including the chairman of the Yes campaign, are shifting towards a plan B on currency. People deserve better than bluster's last stand.

"The Governor of the Bank of England and many others have set out rational and reasonable explanations as to why a Sterling currency union wouldn't work for an independent Scotland and wouldn't work for the rest of the UK. Alex Salmond should stop digging and tell us what his plan B is on currency.

"Many will find it odd that the only line of argument from Alex Salmond's speech could be avoided entirely by remaining within the UK. As this chaos continues it becomes clearer with each day that the only way to keep the UK pound and the strength of our UK currency is to remain within the UK family."