If our independence debate was remotely rooted in reality this sort of analysis - and it's not the first - would hole the case for separation below the waterline. But sadly we know from Brexit that people are willing to vote against their own interests for the fiction of freedom.
It's striking that the SNP's core counterargument this morning talks about an independent Scotland in the EU. But we know that were Scotland to apply for EU membership on the first day of independence it would be many years before it could pass the tests required to join.
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