The SNP Beat a Retreat
Political stocks can go down as well as up. Shares in Alex Salmond are hardly slumping right now but they’re off their peak and flat-lining. The market is becalmed. Perhaps the launch of the independence referendum campaign will reinvigorate the First Minister but it also carries the risk – unavoidable for sure, but still a risk – that concentrating attention on independence will remind voters that the SNP is, at heart, a single-issue party. And single-issue parties tend to run into trouble. There is a theory that the SNP have over-extended themselves. Even though they still hold more council seats than Labour (and so could claim their local election “failure”