{"id":3352,"date":"2022-02-20T20:43:00","date_gmt":"2022-02-20T20:43:00","guid":{"rendered":"https:\/\/www.bowgroup.org\/?p=3352"},"modified":"2022-04-11T09:05:34","modified_gmt":"2022-04-11T09:05:34","slug":"scotland-would-likely-be-poorer-than-countries-like-romania-if-it-left-the-uk-harris-quinney","status":"publish","type":"post","link":"https:\/\/www.bowgroup.org\/scotland-would-likely-be-poorer-than-countries-like-romania-if-it-left-the-uk-harris-quinney\/","title":{"rendered":"Scotland Would Likely Be Poorer than Countries Like Romania if It Left the UK: Harris-Quinney"},"content":{"rendered":"\n<h2>Bow Group Chairman Ben Harris-Quinney has warned that Scotland would be a poorer country outside of the United Kingdom, saying the cost of having its own currency and a trade border with the rest of Britain would very high.<\/h2>\n\n\n\n<p><em>Read the <a href=\"https:\/\/www.express.co.uk\/news\/politics\/1568712\/nicola-sturgeon-news-scottish-independence-indyref2-scotland-currency-rejoin-eu\">full article here <\/a>at the Daily Express<\/em><\/p>\n\n\n\n<p>Speaking to the <em>Daily Express<\/em>, <a href=\"https:\/\/twitter.com\/b_hq\">Ben Harris-Quinney<\/a> said that while Scottish National Party (SNP) leaders have talked about joining the Euro, it could not happen immediately, while &#8220;creating its own currency would be costly, complex, and economically high risk.&#8221;<\/p>\n\n\n\n<p>&#8220;If a new currency was pegged to the performance of the Scottish economy it would likely be weak, and Scottish citizens would likely feel a significant decline in purchasing power leading to further economic deprivation.<\/p>\n\n\n\n<p>&#8220;It might be possible for Scotland to continue with the pound sterling, or a derivation of it, but this would be in the gift of the UK Government and would be another negotiating point,&#8221; Mr Harris Quinney <a href=\"https:\/\/www.express.co.uk\/news\/politics\/1568712\/nicola-sturgeon-news-scottish-independence-indyref2-scotland-currency-rejoin-eu\">told<\/a> the publication.<\/p>\n\n\n\n<p>The Bow Group chairman continued: &#8220;The costs of Scotland having its own currency, splitting assets, and having a trade border with the UK is impossible to predict with any specific accuracy because the variables are too great.<\/p>\n\n\n\n<p>&#8220;It is likely however that the costs of these shifts to the Scottish economy will be very high.<\/p>\n\n\n\n<p>&#8220;Scotland, separated from the UK, is a relatively poor country based on its economic performance.<\/p>\n\n\n\n<p>&#8220;Twenty percent of Scottish citizens are considered to be living in poverty, and its total national economy of \u00a3150billion is worth less than a quarter of London&#8217;s economy.<\/p>\n\n\n\n<p>&#8220;As an individual nation, it would likely be poorer than countries like Romania or the Czech Republic.&#8221;<\/p>\n\n\n\n<p><meta charset=\"utf-8\"><em>Read the <a href=\"https:\/\/www.express.co.uk\/news\/politics\/1568712\/nicola-sturgeon-news-scottish-independence-indyref2-scotland-currency-rejoin-eu\">full article here <\/a>at the Daily Express<\/em><\/p>\n\n\n\n<p><em><strong>The Bow Group is not funded by special interest groups and we are beholden to no government or party.\u00a0 We are grassroots funded, and your donations make a huge difference to our ability to continue our work. Click to\u00a0<\/strong><\/em><a href=\"https:\/\/www.bowgroup.org\/donate\/\"><strong><em>support us<\/em><\/strong><\/a><em><strong>, or\u00a0<\/strong><\/em><a href=\"https:\/\/www.bowgroup.org\/join\/#membership-tiers\"><strong><em>join us<\/em><\/strong><\/a><em><strong>.<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bow Group Chairman Ben Harris-Quinney has warned that Scotland would be a poorer country outside of the UK.<\/p>\n","protected":false},"author":2,"featured_media":3353,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[21,25],"tags":[29,38,22],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>An Independent Scotland Would Likely Be Poorer than Romania<\/title>\n<meta name=\"description\" content=\"Scotland would be a 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