Electricity & gas sent from Scot to Eng, so less transport needed for Scot market. More energy consumed in colder Sco, so bulk discount. 1/2
@NeilCaple No, the UK cannot be forced into ERM2 because of the opt out
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@JonMarcStanley No-one can be forced into ERM2 because it is VOLUNTARY. -
@NeilCaple That's a fudge, we'd still have to meet criteria including debt to GDP of <60%...that would be non-negotiable
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@JonMarcStanley "Participation in ERM II is voluntary". See http://ec.europa.eu/economy_finance/euro/adoption/erm2/index_en.htm … -
@NeilCaple Scotland in the slow lane would be a disaster, we'd be in enough for to harm our economy but we'd be shut out of EZ discussions
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