Carmichael responds to SNP claims on currency


Responding to SNP claims that an independent Scotland could join the EU while using the UK pound, Liberal Democrat candidate for Orkney and Shetland, Alistair Carmichael, has pushed back on the idea, saying that the party was selling a "fantasy". The First Minister made the claim while talking to the BBC's Andrew Neil, but was quickly rebuked by multiple figures noting that EU accession requires that a country have control over its exchange rates, which would be impossible if Scotland used the pound.

Mr. Carmichael said:

"Independence would be a repetition of the mistakes of Brexit, compounding the disruption to people's lives. Last night Nicola Sturgeon tried to sell us a fantasy - that an independent Scotland could join the EU without creating its own currency. You don't have to take my word that this is wrong. These are the facts laid out in the rules of accession to the EU. An independent Scotland would have to have an independent monetary policy in order to join the bloc.

"The creation of a new currency would only add to the chaos and economic uncertainty of a political breakup of the UK. The SNP need to tell us what they have planned and how much it is all going to cost."

He continued:

"Make no mistake. When it comes to a choice between our financial stability and independence, the SNP choose independence. When it comes to a choice between EU membership and independence, the SNP choose independence.

"The SNP have taken their eye off the ball on the issues that matter in my community and others - healthcare, fuel poverty, transport and more - because they cannot let go of their obsession with independence at all costs. For Nicola Sturgeon no price is too high, but it is our people who would have to pay for it."


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