Murphy comes out against the euro

In an interview for the PoliticsHome podcast to be released later today, Mr Murphy said: “If I was living in Scotland – if I had a vote – I suspect I would vote for independence.”

D’ye think we could fix it so he moves and also that they do go?

During the previous Scottish independence referendum in 2014, the SNP argued Scotland should be able to keep the pound after breaking away from the UK.

But Mr Murphy said: “If a state is to be independent it has to have its own currency. In my opinion the two are fundamentally related to each other.”

So no state which is in the euro is independent then, eh? That will make the next visit to Brussels interesting.

He said if Scotland was tied to the pound it would have no control over its own fiscal policy and would therefore lack key “levers of power” required to run its own economy.

Twat. It would have no control over its monetary policy…..

30 comments on “Murphy comes out against the euro

  1. How many other Remoaners think that the UK is too small to be independent from the EU and yet hanker after independence for Scotland?

  2. Diogenes – “The SNP is doomed. If the fat Prof wants it, then it must be a bad idea”

    I am beginning to think that Ritchie must be a deep cover CIA plant sent in to disrupt the enemies of the West or something. Perhaps the Russians are destroying the enemies of the Right? Perhaps the Tories have unleashed their secret weapon?

    Because Murph really does have the reverse Midas touch. Everything he supports turns to sh!t. Ask Corbyn how his support has worked out. I am sure the SNP’s days are numbered. If only we could get Macron to listen to his advice.

  3. In the language of the fatheaderati, fiscal is synonymous with monetary in the same way that debt and deficit can be used interchangeably.

    Apart from his rather obvious physical resemblance, there’s more than a slight philosophical similarity between Spud and one of Alice’s encounters through the looking glass:

    ‘When I use a word,’ Humpty Dumpty said in rather a scornful tone, ‘it means just what I choose it to mean–neither more nor less.’

  4. One thing that strikes me with comparisons between Scottish independence and Brexit is that the U.K. is a net contributor to the EU and Scotland a net beneficiary of the U.K.

    We’re Scotland to leave the UK and remain in the EU, given their GDP/capita would they be expected to be a net contributor? Imagine they lose their subsidy from Westminster and were expected to provide subsidies to the EU. How would they like that?

  5. No wonder Greece is fucked then; they have no control over fiscal policy. The money really does spend itself.

  6. DJ – This is a fair point.

    I’m also struck by the fact that the 21% seem to want to do the following contradictory things:

    a) Pretend that becoming part of the EU has involved no constitutional change and is a minor thing really (“name one law…!”)
    b) Draw sweeping comparisons between Britain’s membership of the EU and Scotland’s role in a 300 year old political union.

    That said, I do feel a sneaking sympathy with some Scottish Nationalist points these days.

  7. I don’t want the government – or anybody else – “running” the economy. Or, more importantly, thinking that “running” the economy is even a thing that is possible. “Running the economy” is on par with “running the weather”. It’s a phenomenom within which everything else operates.

  8. and Scotland a net beneficiary of the U.K

    Is this actually true? The UK has one region above average GDP, and that region subsidises all the others. That one region is very definitely a UK region, even if it’s physically in England.

    It does seem pretty clear that Scotland gets a better deal than, say, Yorkshire, but it’s certainly wrong to say that “England subsidises Scotland” (not that you said that).

    Because the Union is over 300 years old, separating the component parts is extremely difficult. We were getting that way with the EU, but 40 years (or more properly, 20 odd) is nothing in comparison.

  9. ‘Jeremy Corbyn’s former economics guru’

    Perhaps Humpty could tell us if this means Murphy used to be a guru, or that he was owned by Corbyn, or that it doesn’t take much to be a guru to Corbyn.

  10. Richard thinks that the government ‘prints’ the money it spends, and then taxes to avoid the inflationary effect (and because tax is joyful, like sex.) So you can see why he would get confused on this point.

  11. @Dongguan John
    Another even more striking point. One reason the EU doesn’t make sense for the UK is that the UK doesn’t export much in the way of goods to the EU (only 5% of GDP), so paying 1% of GDP to be in a free trade area doesn’t make sense.

    Scotland exports even less (3% of GDP) to mainland EU countries, but it does export 24% of GDP to the rest of the the UK. Paying 1% of GDP to have free trade with the EU makes no sense at all, particularly as the economy would be hit by tariffs on trade with the rest of the UK.

  12. I’m currently incredibly drunk. My ability to reply is seriously diminished.i have read replies to my post and been told to stop looking at my phone by a bunch of enthusiastic Americans. Enjoy your day!

    Love all you fuckers.

  13. Speaking of the EU and now that we’re leaving and several EU impositions have been noted to , can I make a plea that the fvcking “We use cookies etc” notice is expunged immediately.

    Cvnts

  14. Ps the average American who is willing to move half way across the world to make a living thinks the EU are a bunch of cuckold wankers…

    Take from that what you will.

    Eurofags.

  15. Alex,

    Or to put it another way; in 2015, UK exports to the EU were £134b. UK contribution to the EU in 2015 was (apparently) £12.9b, or 9.6% of exports.

    Strikes me as a bloody expensive free trade area.

  16. “Strikes me as a bloody expensive free trade area.”

    Don’t forget the added value of our laws being overridden on a whim. Who could put a price on that?

  17. Ps the average American who is willing to move half way across the world to make a living thinks the EU are a bunch of cuckold wankers…

    Slander. We don’t have to move five feet from where we’re standing to come to that conclusion.

  18. One of the things that always amazes me about Brexit State sycophants is that they think only they can carry an endless grudge and behave in ways that are only explicable by irrational hatred
    If I were Scottish I would vote for independence now , I know it is a bad idea but I don`t care ., It hurts the scum who did this to us
    Personally I would rather the country burnt to as cinder than have Brexit succeed .

    You started it

  19. Newmania: You started it

    It looks as though you started early and have vigorously kept going. Take plenty of water before turning in.

  20. “They…behave in ways that are only explicable by irrational hatred…Personally I would rather the country burnt to as [sic] cinder than have Brexit succeed”.

    Fuck, you’re thick.

  21. “If I were Scottish I would vote for independence now , I know it is a bad idea but I don`t care ., It hurts the scum who did this to us”

    How exactly is giving back to your enemy the large sums of money he is currently spending on you hurting him? Or risking significant amounts of people and wealth moving from your jurisdiction to his? And you instead suffering massive economic disruption, including having to implement government budget cuts and tax rises of c.10% of GDP?

    With enemies like you, who needs friends???

  22. “How exactly is giving back to your enemy the large sums of money he is currently spending on you hurting him?”

    Hernia caused from laughing too much ?

    You wouldn’t believe how stupid the Nationalists are. The arguments for the Brexit Referendum – both sides – were fairly pitiful, but compared to their beloved W*nks over Scotland it looks like a work of genius. They actually believe this nonsense.

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