Money matters

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Alex Orr (Letters, 17 May) must know that to achieve monopoly of the euro, the European Union is legislating to make it illegal for individual member states to issue their own banknotes, so Scottish money would probably disappear anyway if it joined the EU as an independent country.

Of more importance, however, would be the loss of the £85,000 protection for bank deposits provided by the UK government under the Bank Deposit Protection Scheme. Or is that something else that the SNP can retain within its policy of ditching a partner but retaining conjugal rights?

Malcolm Parkin

Gamekeepers Road

Kinnesswood, Kinross

With regard to Alex Orr’s letter, I doubt if Chancellor Osborne will give a fig about Scottish bank notes should the Yes camp win the referendum.

What puzzles me is that Mr Orr in particular and the SNP in general have derided and disparaged our southern neighbours and Westminster for decades, yet they wish to retain after independence the very currency of the country they wish to leave – and have the brass neck to ask it to underwrite our debts into the bargain.

The SNP at least four years ago should have been sounding out the Bank of England, the International Monetary Fund, the World Bank and the European Union on currency flotation of an independent Scotland. Here we are five months away from possible independence and we still don’t know what currency we will be using.

Roger Peart

Arbirlot

Angus

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