Even if George Osborne is right about the problems of a currency union between an independent Scotland and the rest of the UK he possesses the uncanny knack of being right in such a disagreeable fashion that one’s loath to give him any credit at all.
Still, as an attack dog he has his uses and he has picked an interesting day – St George’s – to come to Scotland to noise up the Jocks. I don’t know if the SNP will mind this too much. The nationalist view, I think, is that people will concentrate more on Osborne’s manner than on the substance of what he is saying. This may be correct but it is also the case that it does remain possible for something to be said by George Osborne and still have some measure of truth.
Even so, the bank note question is a red herring.
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