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Daily Record
Daily Record
Politics
Paul Hutcheon

Nicola Sturgeon to publish economic case for independence within days

Nicola Sturgeon’s Government will publish an updated economic case for independence within days.

She will release a paper dealing with thorny issues such as currency after the SNP conference ends on Monday.

The Yes side was widely believed to have lost the referendum in 2014 due to voter concerns about the economics of independence.

With the SNP-Green Government pushing for indyref2 to take place next year, some activists are impatient for a rebooted case that responds to the economic turmoil in the UK.

SNP conference starts tomorrow and Sturgeon is expected to use the showpiece as a platform to promote independence.

Speaking to BBC Radio Scotland, she said: “Next week, in the days after our conference, we will set out the next of the Building a New Scotland papers that will look at specifically economic issues.”

The SNP’s position is to adopt the pound in the short term before moving to a new currency.

She also said the paper would look at currency under independence.

She said: “In terms of setting up a central bank, we would start that process as soon as Scotland had voted for independence, and that central bank would be the provider of advice to the Scottish Government on these matters.

“It would be the lender of last resort for our financial services industry, it would require reserves that could cover these limited functions in that first period.

“We have said - and this is my party's position - that we would move from using the pound.

“We would continue to use the pound after independence.

“It’s Scotland's currency as much as it is the currency of the rest of the UK, an internationally traded currency.”

This week will be busy for Sturgeon, who will give her keynote speech on Monday.

An appeal to the Supreme Court for a ruling on the Government’s indyref2 bill will also commence in the early part of the week.

In a separate BBC interview, she said funding for a second independence referendum would not be cut.

Sturgeon was asked if the budget to prepare for another independence referendum – for which around £20 million has been set aside – will be cut in order to support people further with the cost-of-living crisis.

“We’re talking about this financial year and the independence referendum, I hope, will be in the next financial year,” she said.

“So even if we did, which we’re not going to because I was elected as first minister on a commitment to democracy…

“I was elected with a record share of the vote in the Scottish Parliament elections last year on a record turnout. So. we’re going to deliver on that commitment to people.”

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