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How to fix Scotland’s independence depositor dilemma

If Scotland introduces its own currency the first minister should declare that all contracts made in sterling – or dollars – will continue to be payable in that currency.

A British identity crisis has hobbled the No campaign

The Scottish referendum is unlikely to produce a majority for independence. But in the absence of a positive assertion of what it means to be British, the United Kingdom is sleepwalking towards separation.

No one will go to the ballot box to express concerns about investment fund custodianship

John asks what should Scottish business really think about the forthcoming independence referendum.

English law cannot stop Scots being sterling squatters

In today’s world of global business and finance, people make agreements in whatever currency they like and under whatever legal system they choose.

Currency unknowns weigh on an independent Scotland

Whatever Mr Salmond may say, there has to be a plan B.

Scottish independence matters less than you think

The centre of political gravity in Scotland is far to the left of that of the UK and that is at the centre of the concerns – widely held but little expressed – of Scottish business over independence.

The oft-forgotten basics of negotiation

Negotiations over Scottish independence are framed by the observation that neither the rest of the UK nor the EU has anything significant to gain from such negotiation – or any wish to conduct such negotiation at all.

A currency is anything that two people agree is a currency

Money is a confidence game; its value depends entirely on the willingness of other people to accept it.

Sinister or silly, protest politicians are united in grievance

The inability of democratic politics to handle the aftermath of the 2008 financial crisis has threatened to undermine the apparent consensus on liberal democracy and lightly regulated capitalism that emerged following the fall of the Berlin Wall.

Sovereign Scots may have to drop sterling

If I represented the Scottish government in the extensive negotiations required by the creation of an independent state, I would try to secure a monetary union with England, and expect to fail.