Nicola Sturgeon should not limit Scotland's economic options | Larry Elliott

Modern monetary theory offers a radical solution but the SNP may be too economically conservative to try it

Opinion polls suggest Scotland would vote decisively for independence if another referendum were held now. Brexit, which Scots rejected by a thumping majority, and Covid-19 have changed the political dynamics since 2014. Put simply, Scotland would rather be inside the European Union with Nicola Sturgeon in charge than outside it with Boris Johnson calling the shots.

That, at least, is how things currently stand. The economic problems an independent Scotland might face, which were crucial in the 55-45% vote to stick with the union six years ago, no longer carry as much weight.