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</html><thumbnail_url>https://policyoptions.irpp.org/wp-content/uploads/2025/08/carney-fi.jpg</thumbnail_url><thumbnail_width>1100</thumbnail_width><thumbnail_height>325</thumbnail_height><description>I will stick rigidly to what Thomas Carlyle described as the dismal science. Any arrangement to retain sterling in an independent Scotland would need to be negotiated between the Westminster and Scottish Parliaments&#x2026; What follows is not an assessment of whether Scotland will be overall better or worse off under independence &#x2014; that is a [&hellip;]</description></oembed>
