Independence? 24 March 2014 at 12:39PM in Scotland 157 replies 30.4K views

worried_scot

Should I be moving some, or all, of my savings into English banks and Building Societies to make sure they are safe in case there is financial meltdown if the SNP get there way.

slbhill

Try sending that one to the site for the weekly question!

There are probably too many unknowns to provide a useful answer though - as with every question about what happens after the referendum.

Just to look on the bright side - if you move your money into English banks you might have to "import" it back into an independent Scotland, costing you currency conversion fees. Unless we have the pound like Uncle Alex says we will (after all, what would David Cameron and Ed Balls have to say in the matter, let's just ignore them).

BuntyB

Stop worrying. There's no way there will be a yes vote, far to many unanswered question or scenarios. The very fact that things like banking are unknown will be their demise

gik

worried_scot wrote: »

Should I be moving some, or all, of my savings into English banks and Building Societies to make sure they are safe in case there is financial meltdown if the SNP get there way.

You can move it wherever you want and I'll guarantee the two fishes that are Salmond and Strurgeon will find it and tax it. They've not mentioned that yet!

bigheadxx

gik wrote: »

You can move it wherever you want and I'll guarantee the two fishes that are Salmond and Strurgeon will find it and tax it. They've not mentioned that yet!

Two little fishes in a big pond who want to be big fishes in a tiny pond.

Buzby

An excellent question, and illiterate too!

You think your money would be any safer in a bank overseen by Mr Cameron & Clegg? As I recall, it was England's Labour Party and Gordon Brown that saw us on our knees?

Ever thought anyone - even a girl guide in Scotland could manage it better?

It's time to let the country look after itself.

Vote YES for an end to tagging along as a poodle....

Buzby

bigheadxx wrote: »

Two little fishes in a big pond who want to be big fishes in a tiny pond.

But it's such a lovely pond (loch?) we like it!

teedy23

Have you read the papers in the last couple of years ? Have you taken part in the "reclaim bank charges" or "reclaim cc charges" ? Your money is safer under your bed than giving to these people, I dont mean to be rude but do you think your money has been safe in your whole banking lifetime ? Dont worry about independence having an effect on your millions, it wont get any worse when your country is free to run itself.

bigheadxx

The last thing that was made independent was the Bank of England yet it was actually the Chancellor that announced that interest rates would be cut to 0.5%. If it days independent on the box, you can bet it won't be independent at all.

slbhill

So many things I could say to Buzby's mini-rant. I'll just pick two:

Buzby wrote: »

England's Labour Party and Gordon Brown

Gordon Brown, MP for Kirkcaldy and Cowdenbeath, that well known part of England??


In 2010 (the easiest results to find) Labour won 41 Westminster seats, compared to the 6 won by the SNP. Clearly you're in a minority if you consider Labour irrelevant in Scotland.

Buzby wrote: »

Ever thought anyone - even a girl guide in Scotland could manage it better?

I'm not even sure what your point is here but speaking as a girl guide (leader) in Scotland I'm pretty sure it's offensive!

scotsbob

gik wrote: »

You can move it wherever you want and I'll guarantee the two fishes that are Salmond and Strurgeon will find it and tax it. They've not mentioned that yet!

What is unreasonable about that? It's already taxed by the Westminster government. All governments have to raise money through taxation.