SNP’s currency plans a threat to Scotland’s international trade

30 May 2019

The Scottish Conservatives will criticise the SNP’s confused currency plans and their damaging effect on Scotland’s international trade plans.

Speaking in the Scottish Parliamentary debate ‘A Trading Nation’ Dean Lockhart, Scottish Conservative shadow economy secretary will slam the SNP for announcing its plans to create a new currency which is “untested, the value of which is uncertain and with an exchange rate unknown to our international trading partners.”

Dean Lockhart, Scottish Conservative shadow economy secretary will say:

“There is a fundamental flaw in the approach taken by the SNP to Scotland’s international trade.

“The very same week as announcing a new policy to Increase Scotland’s trade – the SNP also announced plans to introduce a new currency for Scotland.

“A currency which is untested, the value of which is uncertain and with an exchange rate unknown to our international trading partners.

“Scottish business and our trading partners cannot be ‘currency agnostic’– business needs certainty.

“How can business in Scotland plan to increase trading relationships across the world, plan to build a long-term global customer network, plan their currency hedging arrangements when they don’t know what currency they might be using in future trade?’’