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Salmond has a duty to set out currency plan B

February 21, 2014 2:46 PM
Originally published by Scottish Liberal Democrats

Pressure is growing on First Minister Alex Salmond to reveal his PlanWillie RennieWillie Rennie B on currency.

Ahead of a meeting of Scottish Ministers in Portlethen tomorrow (Monday 24th) leader of the Scottish Liberal Democrats Willie Rennie MSP has urged the First Minister to use the opportunity to set out his independence plans for currency, now that a currency union has been ruled out by all three parties.

A recent poll showed that more than two-thirds of Scots believe Alex Salmond should publish his plans for currency ahead of the referendum.

Mr Rennie said:

"People want to know what Alex Salmond's plan B is now that a currency union has been ruled out. The First Minister has a duty to tell people what it is. With Scottish Ministers meeting in the North East on Monday the First Minister should not turn up empty-handed.

"All parties have been clear that following the Governor of the Bank of England's advice, a currency union would not work for the UK and it would not work for Scotland. There are many rational and reasonable explanations as to why it would not work. Alex Salmond now needs to park that idea and move on.

"Key members of the nationalist camp such as Dennis Canavan and Patrick Harvey want a separate currency. Others have suggested using the pound without agreement like Panama uses the dollar. Some have even suggested that a currency union would only be a transitional set up.

"As part of the UK we know that Scotland benefits from the pound and the UK single currency. Alex Salmond must tell people what a vote for independence would mean for the pound in people's pocket."