Monday, January 24, 2022

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    SNP members call for preparations on post-independence Scottish central bank

    A delegation of the Scottish National Party called for preparations to begin establishing a central bank after independence from Britain. This move is seen as challenging the relatively cautious monetary strategy of SNP leadership.

    Nicola Sturgeon, the leader of SNP Said Independent Scotland will continue to spend the British pound “as long as necessary”. SNP chiefs believe in an approach that promotes economic stability and reassures voters.

    However, many members want to work on the rapid introduction of the new Scottish currency. This issue has increased frustration with what some within the party see as Sturgeon’s overly cautious approach to how difficult it is to drive a second referendum when leaving Britain. increase.

    A delegation of the online SNP meeting on Sunday overwhelmingly supported a resolution calling on the party to undertake legislation of a central bank that would act as Scotland’s “financial authority” after independence.

    Proponents of the resolution said the continued use of the pound sterling, an approach commonly known as “pound sterling,” denies the essential freedom of independent Scottish economic action.

    After the resolution was passed without party leader opposition, delegation Tim Rideout tweeted, “I hope the sterling zombies are now betting on their hearts.”

    Asked after the vote, the SNP said: “The independent Scottish currency will remain the pound sterling until a new currency is safely and reliably established for the benefit of the economy as a whole. The Scottish currency will be introduced as soon as possible after independence.”

    At the party’s second modest online national conference in three months, SNP leaders have sought to pay attention to the failure of the British government. I was hit by a revelation Conservative backbenchers have earned millions of additional income from their second job.

    Ian Blackford, leader of SNP Westminster, said independence provided Scotland with an escape route from the Tories.

    Scotland’s Deputy Prime Minister John Swinney accused Westminster of being “corrupted to the core,” and SNP’s Deputy Prime Minister Keith Brown said that independence “ruined Britain’s global reputation.” He said he would save him from the political elite.

    The Johnson administration’s predicament provided the SNP with a distraction from criticism of its records in the government in areas such as health, education and ferry services to the Scottish islands.

    However, some SNP members are disappointed by the lack of progress towards re-running the 2014 Independence Referendum, which supported 55-45% of Scottish voters to remain in the UK.

    Johnson clarifies, he does not approve Second referendumThe Scottish Government plans to pass the bill and demand the Prime Minister to block the bill in court.

    However, the leader of SNP and the first minister Sturgeon She hasn’t said so far when to submit the bill to Congress, claiming on Sunday that her priority was a coronavirus pandemic.

    “If I stood in front of the party … And I told them that only I in the world could see when this covid pandemic would end, and people would ask me a little question.” Sturgeon said at the BBC NS Andrew Marr Show..

    Analysts say there is a political reason for sturgeon not to hurry. Recent polls have shown a consistent lead to staying in the UK. The SNP has also not yet amended its claim of independence after the collapse of oil revenues since 2014. Britain’s withdrawal from the EU..

    SNP members call for preparations on post-independence Scottish central bank Source link SNP members call for preparations on post-independence Scottish central bank

    The post SNP members call for preparations on post-independence Scottish central bank appeared first on California News Times.

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