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How would the UK fare without Scotland?
Comments
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If you split a country in half then the exports of each half would go up.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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If the GVA of 2 countries (UK and Scotland) are the same then you'd probably expect trsde to be roughly in balance I think.
I doubt that there'd be a substantial difference made to either country's trade.0 -
One concern is the massive reliance on banking and oil for both output and Government revenues. The Scottish economy doesn't seem very balanced to me.
I'm voting YES, but this is a big concern for me.
https://www.youtube.com/watch?v=RY-4gP3nvkE&list=UUoUxsWakJucWg46KW5RsvPw
This video from the FT youtube channel highlights what an Edinburgh stock exchange would look like and there are no large mining or pharma companies and too many financial institutions......We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
DaveTheMus wrote: »
This video from the FT youtube channel highlights what an Edinburgh stock exchange would look like and there are no large mining or pharma companies and too many financial institutions......
Larger financial institutions will move south that's one certainty.0 -
Thrugelmir wrote: »Larger financial institutions will move south that's one certainty.
I think you're right.
I think the YES camp will try to 'share' the London stock exchange....
Looking at some of the Scottish based companies on the FTSE100 I think that would benefit both England and Scotland......
There are some really strong companies on there, Weir Group, Aberdeen Asset and SSE.....SSE has one of the largest dividend on the FTSE100.
Alot of small and institutional investors will have some of these companies on their portfolio.
I'm personally invested in some of the largest companies in England and I'm concerned that independence may have tax implications for me, as it might for English, Welsh or Irish investors invested in Scottish companies. To work around this I think the LSE being the stock exchange for all would be the answer. Most of Eire's companies are listed in London.We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
DaveTheMus wrote: »I think you're right.
I think the YES camp will try to 'share' the London stock exchange....
Looking at some of the Scottish based companies on the FTSE100 I think that would benefit both England and Scotland......
There are some really strong companies on there, Weir Group, Aberdeen Asset and SSE.....SSE has one of the largest dividend on the FTSE100.
Alot of small and institutional investors will have some of these companies on their portfolio.
I'm personally invested in some of the largest companies in England and I'm concerned that independence may have tax implications for me, as it might for English, Welsh or Irish investors invested in Scottish companies. To work around this I think the LSE being the stock exchange for all would be the answer. Most of Eire's companies are listed in London.
any respectable company (UK, European, Russian, US, Korean etc) can register and be traded with the LSE :
but it's not a question of 'sharing it', all the companies must comply with UK rules.0 -
DaveTheMus wrote: »There are some really strong companies on there, Weir Group, Aberdeen Asset and SSE.....SSE has one of the largest dividend on the FTSE100.
and the concern of Weir Group is the currency risk. Like many other major companies.0 -
but it's not a question of 'sharing it', all the companies must comply with UK rules.
The two chaps in the FT video I posted would disagree with you there....We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com0 -
I'd really like scotland to vote "no".
Not for any other reason but to wipe that stupid smug look off Alex Salmond's face. I can't stand the little twerp.
It's almost worth giving up the extra 4 months I'd live with a "yes" vote."One day I realised that when you are lying in your grave, it's no good saying, "I was too shy, too frightened."
Because by then you've blown your chances. That's it."0 -
The Scottish Stock Exchange is a wholly owned subsidiary of the London Stock Exchange so tgere would be no change there on any Yes vote.
Of course an independent Scottish Government would be free to set up a stock exchange of its own or indeed Nationalise the current Scottish one. The latter path would probably be unwise but as a sovereign body it could be done.0
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