Being of a certain age,and to use a well worn analogy, right now It feels to me a bit like the classic Scotland World Cup nearly-win moments when Stevie Nicol missed a sitter against a ten man Uruguayan team in 1986 or the aftermath of Archie Gemmill’s wonder goal bringing us within a goal of qualification only to be cancelled out by a long range Dutch thunderbolt in 1978.
The recommendation from the Growth Commission report that Scotland continues to use the pound until some unspecified time , in an ‘extended transition period’ is going to cause us, the grassroots foot-soldiers of the independence movement for Scotland, exactly the same set of problems we had before in convincing our fellow country folk that our nation is best served by a government who live there and have Scotland’s interests first and foremost in mind.
We’ll still be at the mercy of the London treasury and the remaining UK economy, Scotland will have very little control of the financial levers that we crave, and are so sure that given the opportunity we can manage as a small compact Independent European state better than Big Brother, and the economic Andromeda Strain of Brexit, short, medium and long-term that we would hope independence would buffer us against will still severely damage our economy as if we were still part of the UK.
All of the usual suspects are going to have a field day. Cue wheeling out Gordy Broon, Lord Roulade of dark eyebrows, Philly the bookie Hammond and brush down Gideon out of his box of mothballs for a round of the Sunday’s in the next few weeks.
The recommendation is that we do not enter a currency union but create the Scottish regulatory framework to carry out the function of the Treasury in Scotland. You can see how London will spin that one to the undecided. Why bother? Why spend the set up costs? We still control the currency and interest rates.
Don’t make the job harder for us please. We need to get this right. We need to be able to convince our friends that critical decisions about our country will be in our hands and out-with the reach of British state interference.