By a Newsnet reporter 
The Scottish Parliament has officially endorsed the idea of Scottish Independence for the first time in its recent history.
The historic vote, the first since the dissolution of the old Parliament in 1707, saw MSPs back the idea of a Sovereign Scotland by 69 votes to 52.
The debate on Scotland's future witnessed First Minister Alex Salmond set out his vision for a future independent nation.
Mr Salmond said: "The Scottish Parliament has achieved a great deal in its short lifespan - the smoking ban, the world-leading Climate Change Act, the new legislation to help tackle Scotland's relationship with alcohol - these are just a few of the many, many advances," and added:
"But this parliament is not yet able to make many of the key decisions which affect the lives of our fellow countrymen and women."
Mr Salmond added that the Scottish Parliament would remain much as it was now, but insisted that the High Court in Edinburgh would take over as Scotland’s Supreme Court from the current London based court.
The First Minister also said that Scotland would continue as a member of the EU with the Queen as head of State and the pound sterling as currency.
Unionist opposition leaders challenged the First Minister’s vision with all three using a variation of the ‘separation’ term in order to describe independence.
Scottish Labour leader Johann Lamont caused a stir when she appeared to claim that Scots had been in favour of the original act of Union in 1707. Scots in fact rioted on hearing the announcement of the loss of independence.
"We as a nation were never conquered, the United Kingdom has not been imposed upon us, it is the choice of Scots to share power with our neighbours on these small islands - and we are stronger together.” said the Scottish Labour leader.
Ms Lamont also controversially claimed that Scotland, had we been independent at this moment, would be seeking to hand over sovereignty and control of our resources to London.
She added: "Had Scotland been a separate country right now, I believe we would be seriously looking at creating the type of union we currently enjoy, the type of social economic and political union that has brought us 300 years of peace and stability, the type of union that allows us to weather the worst economic crisis of our lifetime when the banking sector collapsed."
Scottish Conservative leader Ruth Davidson claimed that independence would be a one way street and there would be “no going back”. Scottish Lib Dem leader Willie Rennie claimed to have always wanted more powers for Scotland, but added “that doesn't mean I want to be separate."
Commenting after the debate, SNP MSP Humza Yousaf said:
"This is a genuinely historic moment for the Scottish Parliament. With this vote it shows that, thirteen years after it was reconvened, it is ready, willing and able to take on the full responsibilities of any normal legislature.
"The United Nations comprised just 51 countries when it was formed in 1945 – that number has now grown to more than 190 member states of the UN, many of whom have become independent in the last 70 years. Scotland is now ready to take the next step and join the ranks of independent countries.
"In contrast to the relentless negative scaremongering from the Labour-Tory anti-independence alliance, the simple truth is that it is better for the decisions affecting Scotland to be taken by the people who care about Scotland most, that is, the people of Scotland.
"Parliament has spoken and backed independence, and soon it will be the turn of the people of Scotland. The autumn 2014 referendum is the biggest opportunity for Scotland in 300 years and the campaign has now begun in earnest."
116 MSP's voted to maintain the monarchy, I would suggest that this vote is more significant. One more SNP shibboleth abandoned in the clamour for votes.
Alex Salmond imitating Tony Blair's consignment of Clause 4 to the historical dustbin.
""The possible arrangement of an independent Scotland with the Bank of England is less cut-and-dried. Because an independent Scotland could credibly threaten to leave sterling, it might be able to negotiate for a seat on the Bank of England’s Monetary Policy Committee. Scotland could be officially represented on the MPC, much as the Federal Reserve Bank of New York has a permanent seat on the Federal Open Market Committee of the United States’ Federal Reserve System. It is true that none of the seats on the MPC is currently regional, but that could be changed. The Bank of England has an incentive to agree to give Scotland a seat: it retains more seigniorage and more importance if Scotland remains on sterling. Should the Bank of England refuse Scotland a seat, that snub would not bode well for a sterling victory over the euro in a Scottish popular referendum.
It is true that there is no obvious precedent for giving an independent Scotland a seat on the MPC. Panama, after all, has been on the US dollar standard for more than a century without a seat at the table of the US Federal Open Market Committee. But Scotland is a much larger share of the sterling area, GDP-wise, than Panama is of the dollar area. And Scotland has historically been part of the UK, whereas Panama has never been part of the US. ""
Maintenance of the Queen as the titular head of state makes sense on a whole bunch of levels, none more so for things like stamps, banknotes and coins and similar items. Scotland indpendent would no doubt join the Commonwealth with the Queen as its head.
This position is advocated by the SDA. On matters such as currency, central bank, interest rates and monetary policy the SNP have got it all wrond and each one of these is an Achilles heel that can come back to bite the SNP big time.
Fiscally and in a monetary sense the SNP have never been strong in this area and it was precisely this weakness that caused me to resign from the SNP in 2001.
Thank goodness there is another independence minded body out there who have much more pragmatic and well thought out financial policies.