Scotland cannot afford to be independent

Published on 9 May 2021 at 14:16

By Jonny Sprinz

"First Minister Nicola Sturgeon" by Scottish Government images

Scotland is much better served as a part of Brexit Britain, than as independent and part of the EU.

 

The citizens of Scotland were first asked whether they wanted Scotland to become an independent nation and to exist outside of the UK in a referendum in September 2014. The result was a close but clear 55% to 45% against independence. 

 

In its manifesto for the 2016 Scottish Parliament elections, the Scottish National Party argued that “Scotland being taken out of the EU against our will” would justify a second vote on independence. Scotland this time, voted by a rather resounding 62% to 38% in favour of ‘remain’ in the EU referendum in June 2016, but this wasn’t convincing enough it seems. It was Nicola Sturgeon who agreed that this referendum was a “once in a life-time vote” meaning there shouldn’t have been any form of independence vote for at least 40 years after 2014, but yet again we see the left abiding by their own democratic word only when it suits them.

 

One reason why Scotland could not afford to become independent is because of the UK’s relevance on the global stage.  Britain is a member of the G8 and G20 and represents one of the top economies on the global stage. Scotland’s interests are of course also represented at the UN, as it is one of only five permanent members of the UN security council. Scotland, without this representation, would find themselves down the pecking order in terms of international relevance and would not have the security and vice it has as members of the UK if it left.

 

Furthermore, the current economic plan Nicola Sturgeon has for Scotland’s departure from the UK, will almost certainly scare off the EU and leave Scotland bankrupt. Data released in August 2020 showed Scotland’s national fiscal deficit climbing to £15billion and this was before the worst of the coronavirus actually hit. Economics Professor at Edinburgh Napier University, Piotr Jaworski, enlightened us on the problems involving the SNP’s plan to achieve independence. As the professor put it, the move would almost definitely lead to bankruptcy for Scotland.

 

The professor stated that "We will either go bankrupt or we will have to cut our spending”. Not looking too good for Scotland’s independence movement at the moment I must say. Ms Sturgeon has come across the conclusion that she has the ability to behave in a fashion like other governments who are able to borrow money heavily on financial markets at lower inclined interest rates. However what Ms Sturgeon fails to realise is that her plans for independence involve a large amount of time, a transitioning period where Scotland will carry on using sterling, and that her idea of borrowing a currency different than the one she will be using is extremely dangerous as she is fixing Scotland’s currency against it leading to little or no room to adjust. The result of this macroeconomic ignorance, a high chance of bankruptcy, and now they are independent, so who will be there to bail them out?

 

And now for a final reason why Scotland cannot afford to leave the UK, if the other two devastating consequences weren’t enough to convince you. The fact that the SNP have no idea how their own economy is functioning should do the job. The SNP says the reason behind Scotland wanting to remain inside the European Union is down to the fact that they have a large trading partnership with them. Sorry SNP, that’s just not the case - well it’s not what your own export statistics tell us.  During 2017, Scotland exported a dominant £48.9 billion to the rest of Britain, dwarfing the £17.6 billion that was exported to the rest of the world. This sum was trailed by the £14.9billion which was exported to Europe. Before Sturgeon tries to lead a nation for independence, perhaps she should learn how her own economy actually works.

 

The SNP says leaving Europe will cost up to 100,000 Scottish jobs but it has never mentioned what it would cost in jobs if we left the rest of the UK, I wonder why either they’re hiding it - or more probable judging by their earlier lack of knowledge - they have no idea.

 

So three reasons - but three vital reasons - why Scotland simply cannot afford independence. Are their people aware of these consequences? Before they get a chance to vote again, it is imperative that they do.


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