Submitted on Monday 25th August 2014
Rejected on Wednesday 21st June 2017
Current status: Rejected
Rejection code: irrelevant (see below for details)
We petition the government to clearly explain why the pound would be denied to an independent Scotland since many doubt its' sincerety.
"Better together should more aptly be "Far More Than The Sum Of The Parts" especially when applied to the economy/currency . Market confidence bases currency value upon the size,prestige, prospects and governance of the parent economy. Comparison of currencies fixes their relative world value.
Government maintains the currency/economy through taxation,spending and borrowing (fiscal) controls.
Euro-club nations agree spending limits proportional to national income and if such a sterling relationship was applied to Scotland their spending would have to mirror N. Sea oil decline. Alternatively a shared currency beyond parental control would spell "Greek Tragedy"r for all but a few.
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The Government e-Petitions Team gave the following reason:
This E Petition has been declined due to the outcome of the Scotland Vote.
3.12.34.192 Sat, 23 Nov 2024 18:02:09 +0000