If the financiers are to succeed in their goal, however, a 'Scottish' currency would have to be stable and not devalue alongside the English pound. But if this happened, the document acknowledges that it would smash up Scottish 'heavy industry by making it even less competitive than it is now. So the problem for this section of capitalists is how to keep the enraged working class off their backs - how to use the plea of protecting our currency' to make sure that Scottish political institutions could not be used to affect their policy decisions.
This is also a real problem for the workers movement, because unlike Sir Keith Joseph the SNP has won real mass support in the working class and will continue to do so in the face of Wilson's treacherous attacks and the failure of the left to organise any fight against This is why the evolution of the SNP and its shackling to the financial sharks must be vigorously exposed in the labour movement.
What they are actually aiming at is financidl independence from the British State: and they will be prepared to make every conceivable deal with the British capitalists to increase this independence short of Scottish separation.