Scotland is financially entangled with the UK

In a report detailing the economics of independence, the Scottish government proposed keeping the pound sterling as its currency for several years of 'transition.' After the transition, the report states that it would create a new currency for an independent Scotland.^[1] Unfortunately, both of these proposals are foils to the very idea of independence. If Scotland retains the pound as its currency, it will lose all input on monetary policy.^[2] As it stands, Scotland's seats in Westminster allow for the nation to have a voice regarding the UK's fiscal concerns. In the case of independence, they lose that voice. They would have no say on the monetary decisions of the currency that they will rely upon in the formative years of a young country. Even assuming that the transition period would not yield any troubles for Scotland fails to address the hurdles of creating a new currency. As evidenced by every country or bloc that has attempted to do the same, navigating a new currency can often be hairy. Low value, a lack of trust, and the logistics of transferring systems and institutions over from the pound only spell more uncertainty and risk for Scotland. The economic uncertainty that would follow independence, coupled with Scotland's already present financial issues, means that the young country would be vulnerable to economic strain.^[3] Among other hurdles, the economics of independence does nothing to support its case.

[P1] An independent Scotland would lose its voice on monetary policy with the pound. [P2] Creating a new currency is challenging and a risky endeavor. [C] The financial hurdles caused by independence make it a risky bet for Scotland to take.