This week’s Scotland on Sunday is full of the usual outpourings of fear and madness (our absolute favourite is a standout piece of howling-at-the-moon insanity from frothing Tory loonbag Gerald Warner, magnificently entitled “Feminism driving holocaust of abortion”), but one in particular caught our eye.
Headed “Independent Scotland at risk from bank crash“, the Tom Peterkin effort (based, in fairness, on an imminent UK government document) kicks straight off with an opening line that’s a top-shelf example of hysterical sub-Daily-Mail scaremongering. But it’s the second line that makes it special.
We got an email from our Prague correspondent last night, but that’s not the only thing the disgraceful pun in the headline refers to. As Michael Moore was kicked around the playground by Nicola Sturgeon in the first Scotland Tonight debate that same evening, the soggy security blanket he clung to more than anything else was the currency issue, which the No camp appears to believe is now its most powerful weapon.
It’s a two-pronged Trident, if you’ll forgive the even more tortured wordplay in that metaphor. Firstly there’s the scaremongering part containing the (empty) threat that the rUK would refuse to enter a currency union with an independent Scotland, forcing it to join the embattled Euro, and as back-up there’s the claim that if we DID get a currency union, Scotland would somehow end up getting less consideration from the Bank of England governors when it came to monetary policy than the none it gets now.
Let’s take the briefest look we can manage at both of those assertions.
We’re indebted to the alert reader who sent us a link to this last night:
If you don’t have time to sit through it all now, it’s an STV referendum debate – not about independence in 2014, but about devolution in 1997. In short, all the arguments and dire warnings we’re fed by Unionists now about independence were also deployed against devolution, which doesn’t in fact seem to have caused the sky to fall in.
It’s also interesting to note a BBC news story uncovered by National Collective this morning which reports a poll finding that “76% of businesses believe a double-yes vote in Thursday’s referendum would harm the climate for business in Scotland”.
While right-wing, conservative organisations like the CBI and FSB will doubtless never stop bleating about the terrible “uncertainty” of constitutional change, it’s good to see that there’s been at least some progress made in that field.
Hang on. The heart of the latest No campaign/media scare story is that the enormous pension deficit currently looming over the UK like a great big multi-billion-pound fiscal sword of Damocles (but which everyone is feverishly avoiding looking at) will become much more urgent in the event of Scottish independence, because according to EU rules “cross-border” pensions can’t just boot the problem into the long grass for years, and have to ensure any shortfall is funded immediately.
EU rules? But haven’t the Unionists spent most of the last six months telling us that an independent Scotland wouldn’t be an EU member, and would have to wait years at the back of the queue to join as a new country? Phew! Problem solved!
We’ve taken quite a lot of cold medication this week, readers, and it’s caused us to have a bit of an epiphany. We’ve realised that our constant advocacy of independence is a recklessly optimistic position which takes no account of the very real dangers of separating Scotland from the rest of the UK (and the world), and that in order to be responsible citizens we ought to present a more balanced picture.
We’ve decided, therefore, to use this page to keep track of the numerous and often serious potential consequences of a Yes vote in 2014, as helpfully pointed out by our concerned countrymen south of the border and the cooler heads in our own land.
agentx on The View From Row Z: ““There cannot be a “humble address” in the Scottish Parliament.” That’s a pity!” Jun 1, 11:39
Northcode on The View From Row Z: “Good God! I don’t believe I’ve ever witnessed a mind so thoroughly outpaced by the speed of its owner’s unthinking…” Jun 1, 10:11
diabloandco on The View From Row Z: “Turabdin, that is another success story for the ‘sweeping under the carpet ‘ brigade. No-one held to account, absolutely shocking.” Jun 1, 10:02
Northcode on The View From Row Z: “What’s your game in this place? What’s your angle? I’m a Scot speaking up for Scotland and my people, the…” Jun 1, 09:49
agentx on The View From Row Z: ““With what certainly sounded like a warning of repercussions, she sternly rebuked those in the NEC in 2021, in a…” Jun 1, 09:48
Northcode on The View From Row Z: ““was it exposure to the English” Indeed, many peoples around the world have expressed how their interactions with England, their…” Jun 1, 09:22
TURABDIN on The View From Row Z: “STILL awaiting the punishment of those responsible for the gross neglect that destroyed the GSA «iconic» Mackintosh building. The perception…” Jun 1, 09:21
Northcode on The View From Row Z: “Good God! I don’t believe I’ve ever witnessed a mind so thoroughly outpaced by the speed of its owner’s unthinking…” Jun 1, 08:36
Frank Gillougley on The View From Row Z: “Clearly, the ability to intelligently lie is inversely proportional for those in authority, hence she couldn’t have seen the motorhome…” Jun 1, 08:06
Hatey McHateface on The View From Row Z: “The Hate Crimes Act remains in force in Scotland. As it happens, no political party seems to see any popular…” Jun 1, 08:05
Rogueslr on The View From Row Z: “Is there any evidence the motorhome ever left the drive? And if so, where was it spotted on the ANPR…” Jun 1, 08:03
Hatey McHateface on The View From Row Z: “A masterclass, Northy, on how it is possible to circle even a single wagon. Here’s what a wondering world wants…” Jun 1, 07:32
Hatey McHateface on The View From Row Z: “An excellent post, Ian. There can now be no doubt that the SNP has foisted two in a row of…” Jun 1, 07:25
Roastin on The View From Row Z: “Point taken about London based journalist not being as clued up as Scottish journalists but the main Scottish papers have…” Jun 1, 07:13
Hatey McHateface on The View From Row Z: “What’s to deal with, YL? There’s not one of us who hasn’t sat up into the wee, small hours, crafting…” Jun 1, 07:09
Hatey McHateface on The View From Row Z: “Big deal, Northy. Now correct the rest of the shite.” Jun 1, 07:02
Aunty Flo on The View From Row Z: “Do you reckon that Nicola’s pathetic behaviour & exposure of many lies told during this whole corrupt pantomime has jeopardised…” Jun 1, 06:10
twathater on The View From Row Z: “The ONLY reason she is NOT on trial is because of the COPFS who are obviously NOT interested in serving…” Jun 1, 03:59
Young Lochinvar on The View From Row Z: “You know, see when you sit and slowly reflect on the human condition as it’s developed.. Well, Building another Ark…” Jun 1, 01:42
Cynicus on The View From Row Z: “Or, to paraphrase Oscar Wilde’s comment on reading of the death of Little Nell: “ it would take her heart…” Jun 1, 01:42
Young Lochinvar on The View From Row Z: “She probably did but any of the alphabetties needing “incentivised” would be one lead that should be followed..” Jun 1, 01:31
Cynicus on The View From Row Z: “Campbell Clansman says: 31 May, 2026 at 5:00 pm “With her lies Sturgeon climbed to the top of the (Holyrood)…” Jun 1, 01:19
Del G on The View From Row Z: “If oor Nicola didn’t see most of these items, my question is: Who were they going to? This sounds like…” May 31, 23:59
Mark Beggan on The View From Row Z: “No Comment. Mind your own business.” May 31, 23:52
Northcode on The View From Row Z: “Correction: Muriel Stark should of course read as Muriel Spark.” May 31, 23:38
Northcode on The View From Row Z: “You lot are too harsh on the lassie. She’s a simple wee soul who only wants to be known and…” May 31, 23:10
prj on The View From Row Z: “I suspect that when the police got involved they found a more serious crime to investigate and that was Murrell.…” May 31, 22:40
robertkknight on The View From Row Z: “Aye… Bring a tear to a glass eye, so it would.” May 31, 22:28
William G Walker on The View From Row Z: “Hello All, Whatever happened to the £667,000 which was “ring-fenced” in the late 2010s for Independence? Never mind the £410,000…” May 31, 22:26
