SNP want to keep the pound AND the BOE as a lender of last resort

mystic_trev

neverdespairgirl wrote: »

That might even result in a new miracle - getting A Salmond to !!!!!!.

I must be getting old, I keep having to look these things up!

Good to see you back on the boards NDG.

Jennifer_Jane

michaels wrote: »

Why don't the English get a vote on whether we would like to see Scotland (and Northern Ireland and Wales) as independent nations no longer supported by our taxes? How many would vote for the union if the cost to their poskets was accurately disclosed?

I'd be in favour of having that vote. Out of interest, however, should the rest of the EU be able to vote on whether the UK leaves the EU, when we get our referendum?

Of course, there's only a referendum if the Conservatives get in as the LibDems and Labour love the EU.

Thrugelmir

Jennifer_Jane wrote: »

Of course, there's only a referendum if the Conservatives get in as the LibDems and Labour love the EU.

If there's an EU worth voting on.

zagubov

kabayiri wrote: »

It feels like baby and bathwater syndrome to me.

I'm sure there are plenty of average people in Scotland who feel like decision making in Westminster is a million miles away. The feeling wouldn't be any different in the North East or parts of Wales etc.

To embark on a complete separation to fix things is however an extreme way of going about things.

Gradual devolvement of more local control is perhaps a more progressive way of achieving a different society in Scotland. They already have shown this with things like free higher education etc.

I hope the independence referendum doesn't become a protest vote.

Precisely.

But I gather many people there feel that the current crop of leaders in Westminster are pretending that they can run a modern north European industrial (or post-industrial) nation but are actually asleep at the wheel. I'm not the cleverest person I know but the current crop of leaders couldn't run a bath. How in the world did they ever get put in charge of anything let alone the whole country.

I always feel if we asked clueless Cameron to count his hands twice he'd give us three different answers. Milliband and Clegg ditto.

neverdespairgirl

mystic_trev wrote: »

I must be getting old, I keep having to look these things up!

Good to see you back on the boards NDG.

Thank you.

It's a useful abbreviation, on occasion.

jamesd

Clifford_Pope wrote: »

Scotland is going to be a thriving tiger economy surging ahead without any need for English support.

So long as they allow for little details like people not wanting to have their current accounts with foreign banks, like those run by RBS and HBOS. It'd be very interesting to see whether Scotland's banks need a bailout soon after independence.

They'd start out with a hugely bloated banking system, far worse than Cyprus on bank balance sheets compared to GDP. Perhaps a worse position than Iceland, which like Cyprus recently had a GDP so small it couldn't even pay for the depositor protection scheme, and after that recent Cyprus experience current and savings account holders are hardly likely to just trust that a Scottish bank won't go bust o be followed by a failure to protect depositors funds.

I know that I'm not likely to leave any significant amount of money with a foreign bank that lacks a trustworthy depositor protection system. Dreaming of banks of the current size of some Scottish banks joining the FSCS is just that, the FSCS is funded by a levy on banks after any failure, not so useful to try that after a major failure of a huge bank.