An all-time classic from Richard Murphy. A weakening S£ would make private GBP pensions go up in nominal S£ terms. But those pensioners would not be “better off” in real terms. Scotland is very import dependent. Meanwhile state & public sector pensions would crater in real terms.

Tim’s first tweet is false, but even if it were true, an opt-out system is very different to opt-in. Tim edges towards telling the truth in the second tweet. Under Laurentjoye’s proposals, depositors cannot opt-out, they must *get*-out, and that is profoundly different to opt-in.

Laurentjoye is to be commended for being frank about the draconian measures that would be necessary for an independent Scotland to establish its own currency, but this is implausible. The chaos this would cause ahead of a vote pretty much guarantees the vote itself would be lost.

The IFS says Scot Gov resource funding in 2025–26 will be 12.4% higher in real terms than in 2010–11. @S_A_Somerville claims this is just funding of new responsibilities (eg social security). This is completely false. Obviously the IFS has adjusted for that. They are not idiots.

Does Ross know this clip is from 1987? Does he know that Dennis Healey wasn’t Chancellor then? Does he seriously think that Healey saying he didn’t support independence was why the SNP got just 14% of the vote in Scotland at the 1987 general election?

McCrone is doing the rounds again. So, a reminder of what really happened in the 1970s.

The SNP is trying to reanimate the McCrone report conspiracy theory. If you want to know what really happened, read this: these-islands.co.uk/publicat…

1/ Nationalists often claim the No campaign in 2014 told them oil & gas would run out within 5 years, and this BBC article is always the evidence. Slight problem. The article simply describes a report produced by some environmentalists. And the UK government called it “nonsense”.