Scottish Indpendence - Personal Finance Implications

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grey_gym_sock wrote: »

the government stake in RBS is going to be sold off at some point. there would be no point in scotland trying to buy them out before that point, especially considering it would be very expensive.

We must hope it's not going to get cheaper.

But RBS's credit rating depends entirely on UK government backing. Without that, it would be junk.

And it was almost too big for the UK. It's smaller now, but still way too big for Scotland.

After independence, all the banks operating under Scottish regulation will be wholly-owned subsidiaries of foreign groups.

But maybe Salmond can buy Dunfermline BS from Nationwide and make it his central bank, with Sir Gordon Brown as Governor.

gkerr4

interesting thread this. I'm a scotsman - but lived in NW England for the last 22 of my 38 years.

I think the whole independence thing is just a massive embarrassment to be honest. I'm ashamed to be scottish. The whole "free prescriptions", "free Uni", hell, my dad reminded me a few weeks ago (I was up visiting my mum who sadly was in hospital for a period) that there was "no parking charges, in any hospital in Scotland!

Where do they pay for this? and how can it possibly be sustainable? - especially with the costs of places like the outer islands (education? schools of 8 pupils anyone?) and the whole thing seems put together on "we'll have the oil revenue!" - oh yeah, great - that'll keep you going for, what, 10 years? maybe 15?

Its a joke and i dread the outcome. Alex Salmond is not qualified to be in the position he is in - it was ok when he was SNP leader when the SNP were a joke (bit like nick clegg really) but now look whats happened. The lunatics have literally taken over!

(rant over)

Browntrout_2

As a Scot now living in Scotland who has lived in England I support the better together campaign.

The clue is the name for me - Scottish Nationalist Party - what their politics or strategy after independence is not clear to me. Salmond is a great speaker and leader but ten years hence how the country will be run is a worry.

Before Iceland and the Irish financial collapses the SNP were harking on about small countries and how Scotland could join that club as the "best small country in the world", all gone quite on that one...

More recently Salmond was all over Donald Trump like best buddies, all gone sour on that relationship now.

The SNP are currently saying keep the Bank of England £sterling but have full fiscal control of tax and spending, what does that mean for business tax and incentives is anyone's guess, I think they are making up as they go along using bluster and anti-Tory sentiment, but really they'll jump on any bandwagon.

Certainly would be bad news for the Westminster Labour party as Scotland traditionally returns a high Labour vote.

The SNP have just voted to keep Scotland in NATO, but I am not sure if they have asked NATO what they think!

We won't know the outcome for another two years, should I sell my house now just in case, and if it does happen can I move to somewhere far away like Southampton please?

innovate

Browntrout wrote: »

More recently Salmond was all over Donald Trump like best buddies, all gone sour on that relationship now.

Salmond's judgement on who to rub shoulders with has gone spectacularly wrong before: http://www.guardian.co.uk/uk/scotland-blog/2012/feb/01/alex-salmond-regrets-backing-goodwin

POPPYOSCAR

I have just watched the film about Donald Trump and the golf course in Scotland. I was horrified to say the least.

The SNP should be ashamed of themselves, I was amazed that they sucked up to this dreadful man, they certainly 'sold their soul to the devil' on this one.

Poor Scotland if that is the kind of people you want to govern you, that is all I can say.

scott_lithgows

Anyone undecided reading this thread would jump on the yes bandwagon.

If anyone really believes that the Scots cant rule themselves then they have little idea about what happens north of Carlisle.

Will it happen?Prob not,however more powers will come to Edinburgh one way or another.

srcandas

scott_lithgows wrote: »

If anyone really believes that the Scots cant rule themselves then they have little idea about what happens north of Carlisle.

scott no one thinks the scots cannot rule their own country. What most doubt is that fanatics like AS can do a very good job. And also doubt that Scotland will be better off going it alone.

At the end of the day we are talking about the quality of life of people, families, young, old --- not some flag waving exercise.

I for example am proud to be English but I do not believe England would be better off without Wales, NI and Scotland. I do however believe that if the majority domiciled in Scotland (note not necessarily Scottish) want independence then good luck to them.

But the way some scots (who don't even live in Scotland) rabbit on about how good it would be need IMHO a reality check.

However as you say it will not happen and we will remain strong together. Yes give Scotland more powers but make sure you do the same for England, Wales and NI :beer:

atush

If more pwoers go to scotland, I want scottish MPs to be restricted on votes that cover England mainly/only.


Completely unfair for them to have a vote.

innovate

How much does it cost to run Scotland? Bet you it's a bit more than £10bn a year.

jennifernil

As a Scot, born, bred and living in Scotland, I am not in favour of independence. I MIGHT be in favour of "Devo Max" but I don't think I have enough information to decide yet.

What we need, before we can sensibly vote for or against any sort of change, are details of the effects on things like tax, pensions, bank accounts etc.

But, let's get one thing straight.......

There is no "free care for the elderly".

What there is, is free personal care, if you qualify, which only covers things like washing and dressing.

Care homes are NOT free.