Scottish independence: business weighs in
Is Scotland's currency dispute going to be resolved by politics or by economics?
Two of the Scottish government's economic advisers were at Holyrood on Wednesday saying it'll be economics.
Joint control of the pound and the Bank of England makes sense for Scotland and the rest of the UK, they argued. They agreed with SNP ministers' claims that the three main Westminster parties are merely playing politics - George Osborne's "not being serious" - and will see sense when confronted with a Yes vote.
Prof Andrew Hughes-Hallett, one of the advisers, observed that politics always has to yield to economic pressures. He offered up the example of the Soviet Union, though conceded that it did take rather a long time for the Kremlin's command economy experiment to collapse.
The SNP government has to hope that its opponents capitulate within weeks of a Yes vote rather than taking 72 years. Even if the professor is right (eventually), politics can still have a big say in the deals that are struck, and those that aren't. It's not to be under-estimated.
Nothing to gain
Scottish independence: Shell boss wants Scotland to 'remain in UK'
So why are businesses speaking up now?
Partly, it's because this is a busy time of year for reporting financial results, and publication of annual reports, which require those risk registers to be made public.
Scottish independence: Investment risks and business rewards
Business is about opportunities. Investing is about risk. Two sides of the same coin.
That's an aphorism I just made up, which I'd like to think gets to the heart of the issue about Standard Life and Royal Bank of Scotland setting out their concerns over Scottish independence.
Squeezing the oil industry
While cabinets clashed over Aberdeenshire and the oil industry on Monday, something was happening that was perhaps far more significant for the future of the Scottish economy.
The publication of Sir Ian Wood's UKCS Maximising Recovery Review may not sound like a best-selling page-turner. Although related to the UK cabinet's visit to Aberdeen, the meat of it risked being overlooked.
North Sea costs blow investment abroad
New rules on offshore helicopter flights, announced today, are a reminder of the risky business of bringing hydrocarbons ashore.
And while the measures should make those offshore flights safer, financially, the business looks like it's getting riskier.
Scottish independence: Scottish government to finance bond powers
Government bond issuance is normally a technical financial instrument for the secure handling of the public finances. But in Scotland in 2014, it's raw politics.
While the UK government hands out powers already available to local councils, it wants to send two big signals. First, it's willing to hand over more powers to Scotland, if cautiously. Second, those powers may not be that welcome.
Scottish independence: Who pays price of Scots currency?
I'm writing from London, where retail staff are looking even more askance at my Scottish banknotes. It's filtering back to the metropolis that something is up on the future of the British pound.
Watching the debate from a distance on the Scottish government's currency options after a referendum 'yes', it's striking how scratchy it's become. Both sides know this matters.
Scottish independence: Currency union block could hurt firms, says Alex Salmond
You may agree with the Scottish government that it's bluff, and there will be goodwill and co-operation once negotiations get under way.
Having digested it, and Alex Salmond's response this morning, my reckoning, for what it's worth: that would be a brave thing to do.
Scottish independence: Currency crunch
Today, we have reached a crunch point in the debate on independence. The seemingly unstoppable force of nationalism meets the immovable object representing the interests of the rest of the UK.
The Treasury has published a civil service study of currency options for an independent Scotland.