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The currency question is often seen as the issue that sank the 2014 Scottish independence campaign. Economist Tim Rideout explains why an independent Scotland must have its own Scottish pound rather than relying on the English pound, and what this means for Scotland’s economic future. 0:00 Opening Setup and Why Currency Matters 0:15 The 2014 Currency Question and Media Spin 1:14 Why Any Independent State Uses Its Own Currency 2:11 Tim Rideout Introduced and 2014 Expert Advice 3:23 Plan B in the TV Debate and Campaign Impact 4:20 Global Norms on New Currencies and Real Independence 6:46 Why Using the Pound After Independence Fails, Bank of England Control 8:18 Campaign Leverage, Clear Pledge for a Scottish Currency 10:04 Building the Central Bank and Payments, ECB software option 13:34 EU Compatibility via Licensing, Future-proofing Scotland’s system 14:55 Smooth Public Transition, Accounts Cards Mortgages 20:13 Launch at 1:1, Managed Bands and Exchange Rate Stabilisation 23:14 What Drives Value, Exports to EU, Whisky, Norway-style policy tools 29:05 Rebuilding the Economy, Domestic Ownership of Banks and Industry 35:04 Clearing Obstacles, Border and Pensions, Vision and Outlook Social Media Block for Descriptions 🌍 Website: https://www.thescotlandchannel.tv/ 🎥 TikTok: / scotland.channel 📸 Instagram: / thescotlandchannel9 📘 Facebook: / the-scotland-channel-61559426887835 ✖️ X (Twitter): https://x.com/ScotlandChannel #scotland #scottishindependence #scottishcurrency #scottishpound #independence #scottisheconomy #currency #monetarypolicy #centralbank #bankofengland #payments #ecb #brexit #ukpolitics #scottishpolitics #economics #timrideout #straighttalk #thescotlandchannel #sovereignty #trade #exports #whisky #energy