Well this has been fascinating. The Scottish referendum has been lost by politicians, and won by democratic dialogue in the bars, allotments and social clubs of Scotland. It has taken twists and turns which no one – certainly not I – predicted.
Today is decision time. At its best, “Yes” puts forward a highly attractive argument that Scotland should stand on its own two feet; at its worst, it forgets that “independence” is a ridiculous and alarmingly parochial concept in a globalised world dominated by corporations, not states. At its best, “No” puts forward a highly attractive argument for maintaining a historically hugely successful and influential multinational liberal state (with none more influential within it than Scots); at its worst, it has resorted to nonsensical scare tactics which demean the obvious brilliance of the Scottish nation.
As it happens, given the fairly uninspirational nature of its campaign, if I were in Scotland I would be trudging along to vote “no”. Ironically, I would be doing so as it offers the best route to an option which satisfies the aspirations of the large majority of Scots (enhanced powers without the risks), and because of a case made by the “Yes” campaign!
The case is this: for all its talk about becoming Scandinavia or making its own choices, the “Yes” campaign argues nevertheless that it wishes to share the pound sterling, share the Bank of England, and share England’s monetary policy in their entirety because their economies are so inextricably linked. This is their case for a “currency union”. Yet this is also a case for a “political union”!
It is not just an economic point. It is also a political one – for there is something mischievous about essentially suggesting you can be independent and have everything bad change but everything good remain. We have to ask why Scotland wouldn’t have its own currency to be truly “independent” or why it would not join the Eurozone like Ireland? If the answer is that it is far more like the rest of the UK than elsewhere, then why on earth leave? If the answer is that using sterling is temporary, then why not be up front about it? All of this hints at an underlying uncertainty or even deviousness about what people are really being asked to vote for.
It is also divisive. The problem with referendums is that they are “Yes/No” and thus offer no means of compromise. The best compromise – the one the vast majority of Scots could easily tolerate – is enhanced powers without the risks of “independence” in an uncertain world. You don’t get that by voting “yes”; you probably do by voting “no”. It’s all a bit messy and last-minute, but then compromise often is.
In the end, therefore, I come down on the side of those who suggest that Scotland has more in common with the rest of the UK than anywhere else and should therefore share a currency with it. The easiest way to do that is by remaining in the UK! I accept Scotland has already psychologically left the UK but I would urge Scots therefore to vote “no” – and then let 63 million people rebuild a properly federal, progressive UK together.