independent scotland


By Ronald MacDonald Adam Smith Professor of Political Economy University of Glasgow and Research Fellow, CESifo Policy Group, Munich   A non-technical resume: • This paper demonstrates that all of the currency options available to an independent Scotland come with the price tag of an austerity programme. This is due to the need to accumulate foreign […]

An independent Scotland’s currency options redux: assessing the costs and ...


By Phillips O’Brien.  DEFENCE is one of the most contentious issues in the independence debate, with the fate of the naval bases at Faslane and Coulport – and the future of the British nuclear weapons sited there – dominating discussion so far. With around 6500 associated jobs in an area with […]

Defence of the new realm