Part of the debate – in the Scottish Parliament at on 14 August 2014.
We are advocating a currency union because we think that it is in the best interests of the people of Scotland. A majority in that survey also believe that that is what will happen after independence, and they are right to believe that, because we know the consequences of the unionist parties attempting to keep all the financial assets of the UK for themselves. If they keep the financial assets, they end up with the liabilities—they end up saddled with the UK’s debt.
It is incredible, as we discussed last week, to believe that George Osborne or Ed Balls wants to say, “We are not going to take the up to £5 billion a year that the Scottish Government has responsibly said it will finance”—our share of the UK debt—“We don’t want that. We will saddle it on English taxpayers.” That is the inevitable consequence of the refusal to countenance the currency union.
Then we come to where people will say the decisions should lie. I thought that, when we had Jackson Carlaw manning the barricades and the comment from Ruth Davidson—which we all know, incidentally, was that she would support a currency union if it was in the best interests of the Scottish people—we had an acknowledgement from the Conservatives that they regarded the vote and verdict of the Scottish people as important.
I say to Ruth Davidson that, on September 18, if people in Scotland vote for what is in the white paper and the proposals to keep the pound, that is exactly what will happen and any Scottish politician who does not recognise the sovereign choice of the Scottish people will pay a heavy price. Incidentally, that is something that the Conservatives are long used to in political campaigns in Scotland.