FOR a nation to be fully sovereign it must have its own currency and manage its own economy.
It was because we British were not ready to accept the idea of merging our sovereignty to this degree that we did not join the euro.
The Scottish Nationalists have reassured their people that they can retain sterling.
But they have failed to acknowledge the extent to which this would surrender their supposed sovereignty. Having won the appearance of independence, they would be surrendering the reality of sovereignty.