Stewart Hosie
Main Page: Stewart Hosie (Scottish National Party - Dundee East)Department Debates - View all Stewart Hosie's debates with the Scotland Office
(10 years, 8 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Carmichael
My hon. Friend invites me to look into the workings of the First Minister’s mind—not a particularly edifying enterprise, and one that goes beyond even my ambition. My recollection is that when the First Minister made that remark, he wanted us to be independent in Europe. I cannot remember whether that was the time when we were going to be part of the arc of prosperity, but it seems to be all change these days. The truth of the matter is that the First Minister does not care about the pound or anything other than independence.
Stewart Hosie (Dundee East) (SNP)
On 29 January, the Financial Times reported that on independence, with £100 billion of sales, Scotland would be one of the top 35 exporting countries in the world. If the Secretary of State has his way—I am sure that he will not—when does he intend to run around to the good people of England explaining the impact on their currency when £100 billion of Scottish export sales are no longer receipted in sterling?
Mr Carmichael
The hon. Gentleman should listen to some of the experts. The Institute of Directors, for example, has said in terms, that the well rehearsed risks of a currency union far outweigh the problems of the sort of transaction costs that the hon. Gentleman is talking about. He needs to listen to the experts and tell us what he is going to do instead.