Money matters

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Professor John Kay is right to say “the currency issue is ­crucial” in the independence debate (your report, 21 February).

Arguably, however, it isn’t the technical “ins and outs” of the currency that worry most ­people. It is whether “the money in our pockets” will buy the goods and services we need and want.

Putting it another way, whatever the currency, will our money be a “reliable store of value”? At present there are too many uncertainties, like ­recession, unemployment, rising food and energy prices. Always another worrying uncertainty raised by the currency issue is the threat of rampant inflation.

It is a rational argument for maintaining stability in the value of money that we need in the referendum debate.

Ellis Thorpe

Old Chapel Walk