James Forsyth James Forsyth

Sturgeon struggles on the currency question

It was one of the defining moments of the 2014 Scottish referendum campaign. In that early August TV debate, Alistair Darling said any 8 year old could tell you what a country’s flag, capital and currency were but that Alex Salmond couldn’t say what currency an independent Scotland would use. Salmond’s floundering that night badly hurt the ‘Yes’ cause. This evening, when Andrew Neil pressed Nicola Sturgeon on what currency an independent Scotland would use, she replied the pound but without a monetary union. She indicated that this would be the case even if Brexit had happened. So, Sturgeon is saying that Scotland would be applying to join the EU while using a third country’s currency without a monetary union. It is hard to see how this position would be compatible with EU membership.

The whole interview was a reminder of how while Brexit might have provided the SNP with an opening to push for a second independence referendum, it also massively complicates the case for it.

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