Nicola Sturgeon ‘facing rebellion’ over post-independence currency plans
A new group within the SNP, known as the Campaign for an Independent Currency, has been set up to push the party to a stronger line on ditching Sterling after independence.
It is chaired by former SNP MP George Kerevan, who told the Daily Mail: “It’s clear there is a strong appetite among SNP members for an independent currency without arbitrary caveats and stipulations and that would limit Scotland’s ability to unchain itself from the chaos currently engulfing Westminster.
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Hide AdThe group is expected to use the party’s upcoming Spring Conference to back a motion that would embrace a faster timetable for transferring to a new currency.
The issue of what money would be used in an independent Scotland dominated the debate during the independence referendum in 2014, with many in the Yes campaign believing a lack of clarity on the matter damaged their chances significantly.
The SNP’s Growth Commission said last year that Scotland should retain the pound for a ‘transition period’ of unspecified length.
Pamela Nash, Chief Executive of Scotland in Union, said: “The SNP splits are deepening and look set to explode at the party’s conference - the split is between those who want to put salaries, mortgages and pensions at risk sooner, and those who want to put them at risk a bit later.