• Text size      
  • Send this article to a friend
  • Print this article

Sterling could limit ability to tackle social exclusion

Retaining sterling would leave an independent Scotland tied to UK economic policy and limit its ability to tackle social exclusion, according to a think-tank.

The Scotland Institute, a think-tank which aims to present voters with facts about constitutional change, said Scotland "cannot afford to leave key areas such as monetary policy to Westminster".

A report on social exclusion advises MSPs to pursue greater devolution for specific Scottish policies for Scottish problems, and to ensure it has some influence over the Westminster policy process.

Author Dr Roger Cox argues if Scotland is independent but retains sterling "the policies necessary to prevent social exclusion in Scotland are unlikely to be developed".

A Scottish Government spokesman said: "An independent Scotland with full powers of welfare will be able to develop a fair system that addresses Scottish circumstances, in line with the needs and values of our people."

Contextual targeting label: 
Arts and Entertainment

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.