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Salmond likens Osborne to Thatcher in sterling row

Alex Salmond has compared George Osborne’s warnings over Scottish independence and ruling out of sharing sterling with Margaret Thatcher’s infamous “sermon on the mound” to Scottish Christians 25 years ago.

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  1. Tom Bradby

Salmond not facing up to weaknesses on sterling row

Alex Salmond speaking in Westminster on Tuesday night Credit: ITV News

The 'Sermon on the Mound' was the time Margaret Thatcher went up and gave a speech to some extent talking about the theoretical underpinning to her ideas and a lot of Scots, particularly in the Church, took great exception to it.

Really what Alex Salmond was saying was that Scotland is different and has been different since those days - that it is a modern social democratic country and really ought to rule itself.

There are those who say that Scotland couldn't survive economically. He said that is ridiculous, and he is probably right - of course it could.

Where he was weak tonight is on the currency. He is right to say that in the event of independence, politicans in London would be wanting a currency union in theory.

But it would be on quite strict terms and Salmond is left in the position of is saying: "Westminster wouldn't be in a position to dictate [to] us, they would want the currency union".

That, of course, will not be his call.

On that, and to some extent on Europe, he is not facing up to the weaknesses of his position.

But he would say that his opponents are not facing up to the reality that Scotland could perfectly well go it alone.

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