Snp

Edinburgh It became clear last night why George Osborne was put in charge of the Coalition Government’s fightback against Alex Salmond and separatism: he is the only one who has the ability to really score points off the Nats. The Chancellor’s intervention on currency and bank notes – suggesting that an independent Scotland might not be able to keep the pound and that, if it did, it might be banned from producing Scottish bank notes – hit the SNP hard. Osborne’s remarks shook one of those comfortable certainties which the SNP has been peddling for so long – that Scotland would simply keep sterling after independence and everything would progress

Alex Salmond’s case for independence relies on Scotland joining the European Union. If an independent Scotland was a member of the EU, then Scotland would be part of the single market and free movement of labour across the border could continue (an independent Scotland would also have to join the euro, but that’s something Salmond is less keen to talk about). But, as one Whitehall source points out to me, it is far from certain that Scotland would be able to join the EU.   The Spanish are currently blocking Kosovo’s accession to the EU. Why? Because the Spanish, who don’t even recognise Kosovo as a state, fear the implications

How would an independent Scotland have fared during the crash? Given that the liabilities for RBS alone represent 2,500 per cent of Scotland’s economic output, it’s a difficult question for Alex Salmond. He replies that the banks in Scotland would have been better-regulated by wise, old him, so the problems would not have arisen. But Faisal Islam at Channel Four has unearthed a letter that rather explodes this theory, written from the First Minister to Fred the Shred egging him on with the calamitous acquisition of ABN Amro. This, as CoffeeHousers will know, is the acquisition which was so hubristic that it went on to sink the whole banking group.

Edinburgh If anyone had any doubts why Alex Salmond picked up almost every UK political award going last year, then they should study how he has dealt with the referendum issue this week. At every turn he has out-manoeuvred his UK counterparts — and this was perfectly demonstrated tonight. Earlier today, in the Commons, Michael Moore, the Scottish Secretary, had delivered the UK government’s riposte to the SNP’s referendum plans. Mr Moore was considered, clever and smart. In fact, it was a first cogent and effective strike back by the UK government on this issue for more than a year. But what will lead tomorrow’s papers in Scotland? It won’t