No currency union = no share of UK national debt

As far as I am concerned, the currency issue was settled a long time ago; on independence Scotland WILL be using the pound in one way or another. But just in case you are not so sure, have a listen to Alex Salmond about the issue of currency union or no currency union.

No currency union = no share of UK national debt.

Also, take a listen at 3:25 where AS points out that between the, George Osborne (current Chancellor of the Exchequer) and Alistair Darling (previous Chancellor of the Exchequer) have between them run up the largest ever debt the UK has ever had. They are responsible for 60% of the current £1.3 trillion (million million) of UK debt (interest payments on the debt alone are £1 billion PER WEEK) and more than any previous Chancellors of the Exchequer COMBINED in the history of the UK.

And all in the last eight years.

Are we seriously expected to listen to either of these two individuals on Scotland’s economic future after doing such a bad job with the UK’s?

Advertisements

About Hugh Wallace

Soldier, sailor, policeman, engineer, scientist, democrat, socialist, environmentalist, advocate of Scottish Independence
This entry was posted in Better together, economics, independence and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s