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So you don't actually want to have a serious discussion and rather Brit bash! Scotland will need to face up to these choices about currency if it wants to be independent. Imo that independence is meaningless without fiscal independence and options 1 and 2 won't give you that

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How can Tice keep a serious face while calling Badenoch a fantasist !! As Reform are Tories (inc many ex-Tories), but further right, so how does Tice propose to solve the countries problems?? #bbclaurak

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What a ridiculous argument that you earn £1 more & you don't get benefit, which is the nature of all thresholds. The point is that the threshold is such that the person to lose it is rich enough that it doesn't very significantly affect them. I would argue that £100k is sufficient #bbclaurak

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Tories & Badenoch have no ideas of other than austerity (except for rich). But despite an inspiring speech from Burnham, it's meaningless without power to spend. Yet media is again manufacturing consensus around another form of austerity which are fiscal rules & fear of bond markets #bbclaurak

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As a Brit I dont want Scotland to leave UK, because I believe we're always stronger together, but if you do you're best option is 3, but I suspect the EU won't allow you to keep your own currency. Going back to my original post, as UK there is a better chance of the EU agreeing to UK not adopting €

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Nothing I've said is from an English perspective, but only about currency. And you didn't address my question of what currency independent Scotland would have: 1) UK £, 2) € or 3) new Scottish currency? 1 & 2 give up Scotland's fiscal independence, while 3 could be incompatible with joining EU.

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Look I get it: controlling your own destiny as Scots is powerful & emotional. If you leave UK & join EU without joining eurozone then maybe it's worth it. But what currency would you have: if you have the pound then you have no fiscal independence & that's not great for Scotland's interests.

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“There’s no such thing as democracy” – Yanis Varoufakis | Radical Thinking with Aditya Chakrabortty

Insightful interview with @yanisvaroufakis.bsky.social that largely confirms most people in charge know there's better way to run capitalism, but they simply don't care! If @andyburnham.bsky.social was serious about ending neoliberalism he needs to ditch fiscal rules & get better advisors.

youtu.be

YouTube video by Politics Weekly

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See my other reply: the eurozone is a neoliberal shitshow! Yes I have sympathy for Scotland that as UK we keep voting in inept Tory govs and Labour ones that simply dilute their ineptness! However, if you think joining eurozone is better, I'm saying that you're sorely mistaken!

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As part of UK under a single sovereign currency different parts of country can in principle benefit from total economic growth of country even if that region isn't doing so well. Contrast that with euro which dictates each member country cannot run a large deficit, effectively imposing austerity.

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More doom loop economics from Burnham & Healey. No economics commentator or corporate economists often interviewed will provide a Keynesian perspective, for good reason it's not in interests of private capital to have a strong competitor to command the economic resources of a country. #econsky

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Bhav @bhavkhatri.bsky.social · 02/10/2026

I find it slightly ironic that SNP see benefit of being in economic block, yet want to leave UK. I suspect if they joined as an independent country they would be forced to adopt euro — a bad idea & neoliberalism personified — whilst joining with UK with a better bargaining position we could say no.

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Could you be more of an idiot!! Only possibly Trump!

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Bhav @bhavkhatri.bsky.social · 02/10/2026

But nonetheless I think we need a balanced economy that has some level of industrial base capacity, which will help out trade position with the rest of the world. Also I don't see infrastructure spending as for the government it is to provide the basis of economic growth including private sector.

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Bhav @bhavkhatri.bsky.social · 02/10/2026

I broadly agree that Labour is still stuck with an old view of economy which ignores not only point I made about gov debt, but also that its non circular nature has led to the many environmental crises we see in the world from climate change to plastic pollution and devastating our biodiversity..

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I like to take people at face value and give them the benefit of the doubt. But you haven't engaged in anything I've said and instead decided to talk bollocks and fall back on the tired and easily disprovable tropes about the economy. Good bye!

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And physics progresses by empiricism: theories that do not survive experimental testing are considered invalid. In economics Keynes' theories provide an explanative power that classical economics fails to: the Great depression of 1920s, post war boom, the GFC of 2008, the oil shock of the 70s.

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I've already given you main reason why we should borrow despite what bond markets say, since cost of inaction in long term is greater. Think about this: if gov can spend by BoE printing money, what does it mean for the government to borrow? It is not borrowing in any normal sense of the word.

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