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Scottish independence: Former Scottish Enterprise chiefs clash over currency | Scottish independence: Former Scottish Enterprise chiefs clash over currency |
(about 14 hours later) | |
Two former heads of Scottish Enterprise have clashed over the currency of an independent Scotland. | |
Crawford Beveridge, who advises the Scottish government on fiscal policy, argued that sharing the pound with the rest of the UK would be best for both countries. | |
But at a Better Together event, Jack Perry, insisted that such a currency union "would not work". | |
Both sides have stepped up campaigning with just a month until the vote. | |
The independence referendum will take place on 18 September with voters asked the Yes/No question: "Should Scotland be an independent country?" | The independence referendum will take place on 18 September with voters asked the Yes/No question: "Should Scotland be an independent country?" |
Fiscal Commission | Fiscal Commission |
Mr Perry was Scottish Enterprise's chief executive until 2009. | Mr Perry was Scottish Enterprise's chief executive until 2009. |
He appeared on an expert panel to discuss the currency question at an event organised by the pro-union campaign Better Together. | |
He believes that a formal pound-sharing deal would collapse because, in his view, the Scottish economy would diverge from the UK economy after independence. | He believes that a formal pound-sharing deal would collapse because, in his view, the Scottish economy would diverge from the UK economy after independence. |
Mr Perry has called for a Plan B from Scottish ministers. | Mr Perry has called for a Plan B from Scottish ministers. |
The Scottish government's preference to keep using the pound is based on advice from its Fiscal Commission. | The Scottish government's preference to keep using the pound is based on advice from its Fiscal Commission. |
The commission is chaired by Mr Beveridge, who ran Scottish Enterprise in the 1990s. | The commission is chaired by Mr Beveridge, who ran Scottish Enterprise in the 1990s. |
In a lecture, he stressed that, in the commission's view, a currency union remains the best option for Scotland and the rest of the UK because it makes trade easier and avoids new transaction costs. | |
Daily question | Daily question |
As the people of Scotland weigh up how to vote in the independence referendum, they are asking questions on a range of topics from the economy to welfare. | As the people of Scotland weigh up how to vote in the independence referendum, they are asking questions on a range of topics from the economy to welfare. |
In a series running up to polling day, BBC correspondents are looking at those major questions and by using statistics, analysis and expert views shining a light on some of the possible answers. | In a series running up to polling day, BBC correspondents are looking at those major questions and by using statistics, analysis and expert views shining a light on some of the possible answers. |
BBC Scotland's economic correspondent Colletta Smith has been looking in greater depth at the currency issue and finding out why it has emerged as a key debating point. | BBC Scotland's economic correspondent Colletta Smith has been looking in greater depth at the currency issue and finding out why it has emerged as a key debating point. |
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