Effect of Scottish Independence Vote

TCA

Think about all the fx gains you'd make holding UK sterling....

Scotland is a rich country. The Scottish Government has worked within a balanced budget for years. I posted plenty stuff in this thread already about the fallacy that Scotland is being financed by rUK. I know that's not what you're saying but check out GERS if you haven't already done so.

And don't forget the Scots will walk away from a share of UK debt if no currency agreement is forthcoming, so there's a lot of horse trading to be done subsequent to a Yes vote.

I'll let someone else take up the mantle from here. It's too late for me and I've nothing to add that I haven't said in any of the previous 34 pages of this thread.

kingrulzuk

BobQ wrote: »

The idea that anything is going to happen quickly on the currency issues after a Yes vote is fanciful. Stage 1 will be total disbelief that people could be so stupid as to have voted Yes in the first place. Stage 2 will be negotiations with the UK Treasury and will take months. During that time you can move your savings abroad well before Stage 3 when the Scottish Government announces that all bank accounts in Scotland will be converted to Scottish Pounds or Euros or Salmonds or whatever they will be called. This will not happen quickly. The SNP has not planned that far ahead.

Im voting YES for my Scotland and not for SNP or Salmond.
So plz keep ur stupid comments to ur self

ColdIron

In a grievous blow to the Better Together campaign, Gordon Brown is to give a speech on pensions today

incandescent

BobQ wrote: »

The idea that anything is going to happen quickly on the currency issues after a Yes vote is fanciful. Stage 1 will be total disbelief that people could be so stupid as to have voted Yes in the first place. Stage 2 will be negotiations with the UK Treasury and will take months. During that time you can move your savings abroad well before Stage 3 when the Scottish Government announces that all bank accounts in Scotland will be converted to Scottish Pounds or Euros or Salmonds or whatever they will be called. This will not happen quickly. The SNP has not planned that far ahead.

I agree with all of the above, the question for me is exactly what to do with my savings before stage 3 happens.

And that's assuming there aren't any measures introduced to stop an outflow of cash.

incandescent

TCA wrote: »

Think about all the fx gains you'd make holding UK sterling....

Scotland is a rich country. The Scottish Government has worked within a balanced budget for years. I posted plenty stuff in this thread already about the fallacy that Scotland is being financed by rUK. I know that's not what you're saying but check out GERS if you haven't already done so.

And don't forget the Scots will walk away from a share of UK debt if no currency agreement is forthcoming, so there's a lot of horse trading to be done subsequent to a Yes vote.

I'll let someone else take up the mantle from here. It's too late for me and I've nothing to add that I haven't said in any of the previous 34 pages of this thread.

According to the Scottish government's own figures, Scotland generates around £53 billion in taxes. That's including their geographic share of oil.

But last year we spent £65 billion. A larger deficit than the rest of the UK. That means we need to borrow - and at higher rates than rUK - just to maintain our current spending. But they've promised all sorts of additional spending and investment, and splitting would in itself require lots of money to be spent creating new institutions etc.

This idea that we will immediately be better off is quite simply a blatant lie. Maybe in a decade or two. Maybe. But before that we would face austerity. There is simply no getting away from that.

incandescent

kingrulzuk wrote: »

Im voting YES for my Scotland and not for SNP or Salmond.
So plz keep ur stupid comments to ur self

And can you please keep your independence to yourself and stop !!!!!!! about with my country and my citizenship and my nationality and my personal family finances?

No?

Then expect everyone to voice opinions, whether you like them or not.

BobQ

kingrulzuk wrote: »

Im voting YES for my Scotland and not for SNP or Salmond.
So plz keep ur stupid comments to ur self

I have been insulted by experts..... you do not even come close.

I am very supportive of your right to choose to vote Yes for whatever reason you think applicable. Unfortunately the votes of those who are voting with their hearts or through ignorance have equal status to those who appreciate the facts and the dangers.

Calling others stupid shows a weak argument.

Scotland and the RoUK will survive a yes vote but both will be poorer and weaker for it. Your nirvana will be short lived I fear.

BobQ

incandescent wrote: »

I agree with all of the above, the question for me is exactly what to do with my savings before stage 3 happens.

And that's assuming there aren't any measures introduced to stop an outflow of cash.

There will be a big backlash against a Scottish Government that introduces controls and I do not think they will have the authority to do this until Independence Day or until the UK Treasury has negotiated and agreed such an arrangement with the Scottish Government in waiting. I cannot imagine that Scotland's credibility with the EU will be helped by stopping introducing such controls.

I imagine long before that, those institutions that deal mostly with RoUK customers will split their operations and move south (as Standard Life has indicated) for fear of losing their customer base departing.

rpc

TCA wrote: »

Yes, apparently a squad of tartan terrorists are plotting to steal the referendum voting papers, cunningly trace the voting slips back to actual people and addresses and subsequently put all No voters to the sword. I found it on the internet by googling "Scottish independence movement to execute No voters".

It is far simpler than that. It's well known that the CIA have the technology to read your mind through your television. What is less known is that the FSB/KGB stole that technology. Alex is already negotiating with his mate Vladimir (who knows a thing or two about independence referendums) so he's simply going to borrow it.

Invest in tin foil hats - ten bagger at least!

TCA wrote: »

Scotland is a rich country. The Scottish Government has worked within a balanced budget for years. I posted plenty stuff in this thread already about the fallacy that Scotland is being financed by rUK. I know that's not what you're saying but check out GERS if you haven't already done so.

Scotland runs at a deficit, it has done for years.

That isn't the same as saying it is financed by rUK which is a totally different question.

black_taxi_2

I'm voting YES,but will respect NO vote,but the politics,journalism is getting personal,nasty nick(big brother territory)

Also propaganda war,today

daily express(England)---"millions of retirees face a pension shock"
daily express(Scotland)---"pensions safer within the UK"

telegraph blog--comparing Salmond to Mugabe