How would the UK fare without Scotland?

IveSeenTheLight

neverdespairgirl wrote: »

I didn't know you were back - hope you are enjoying it. I had a vague idea you were somewhere like Malaysia?

Yep was in KL.
It was a fantastic life experience and helped me to understand how fortunate we are to have been born where we were.
Also interesting to compare politics, welfare , pensions etc from these differing countries.

kabayiri

For those advocates of a currency union, a question.

How would it work?

Surely the Euro has shown that you need a predefined exit strategy?

Nobody wants a Greek style bailout situation surely?

So, how long are we talking about? Have the SNP put a timetable forward?

I think lack of detail boosts the sceptic case.

IveSeenTheLight

kabayiri wrote: »

I think lack of detail boosts the sceptic case.

It's one of those things that needs to be negotiated.
You can't get the detail until both [parties come to the table.
Unfortunately this will not happen unless there is a Yes result.

Your correct that the lack of detail boost a negative campaign.

To pre-empt some responses, I found it very interesting that AD asked AS "What is your plan B IF you don't get a currency union?"

this to me indicates the door is open for negotiations, despite what the better together campaign has previously denied.

neverdespairgirl

IveSeenTheLight wrote: »

To pre-empt some responses, I found it very interesting that AD asked AS "What is your plan B IF you don't get a currency union?"

this to me indicates the door is open for negotiations, despite what the better together campaign has previously denied.

I think you might underestimate just how strongly a lot of people feel in the rest of the country about currency union - quite how strongly against it!

sharnad

IveSeenTheLight wrote: »

It's one of those things that needs to be negotiated.
You can't get the detail until both [parties come to the table.
Unfortunately this will not happen unless there is a Yes result.

Your correct that the lack of detail boost a negative campaign.

To pre-empt some responses, I found it very interesting that AD asked AS "What is your plan B IF you don't get a currency union?"

this to me indicates the door is open for negotiations, despite what the better together campaign has previously denied.

Yes he should have said when you don't so no plan b for salmond no wonder he lost the debate

IveSeenTheLight

neverdespairgirl wrote: »

I think you might underestimate just how strongly a lot of people feel in the rest of the country about currency union - quite how strongly against it!

I don't, I really don't.

There are a lot of people with strong felings against weapons of mass destruction being held in Scotland and indeed paying for them, yet currently they are there and we all have to pay for them.

In any negotiations though there are points to be concessed and other benefits taken in return.

AD, did not categorically state there would be no currency union, he said IF there was no currency union, inferring that it is up for negotation along with many other things

beecher2

http://www.scotland.gov.uk/Publications/2013/04/5881/8

These are the currency options for an independent Scotland.

In the event of independence, there will be negotiation and both sides will give and take. It would not be in the interests of Westminster to punish Scotland for voting for independence, and I'd think they'd leave the foaming at the mouth for the Mail comments pages.

IveSeenTheLight

beecher2 wrote: »

http://www.scotland.gov.uk/Publications/2013/04/5881/8

These are the currency options for an independent Scotland.

In the event of independence, there will be negotiation and both sides will give and take. It would not be in the interests of Westminster to punish Scotland for voting for independence, and I'd think they'd leave the foaming at the mouth for the Mail comments pages.

Thanks, very informative and shows there are options.

It's natural to go to the negotiating table with the proposal you believe is best for the people of Scotland AND the ROUK.

I think I'll bookmark your quote for any future posts on currency.

Generali

IveSeenTheLight wrote: »

To pre-empt some responses, I found it very interesting that AD asked AS "What is your plan B IF you don't get a currency union?"

I took that to mean that AD was using a debating technique. If he'd asked something like, "What do you plan to use as a currency as you've been told you can't have the Quid" he throws open the door to all sorts of backsliding and diverting away from the point he is trying to make which is that Scotland won't get a currency union if they vote yes but Yes still insist they will.

By phrasing the question in such a way, he prevents Salmond from getting that easy get out from answering. You don't get to be Chancellor by accident!

No!'s position is becoming clear and simple. If Scotland leaves the UK, they don't get to keep the familiar comfort blankets (Quid, UK passport) and also this really is a one-way thing. England isn't giving Scotland a call option. If Scotland votes for independence then there's no going back if it doesn't work out. That's a very strong behavioural signal to send. Project Fear perhaps but it's tactically very astute especially given that Scotland, in reality, has little to gain and much to lose.

I rather liked this line from the Grauniad's surprisingly good coverage of the debate:

Somehow, the idea of "Project Fear", previously so effective against the Better Together campaign's negativity, looked more like Project Rather a Good Question. Still not exciting, but, for everyone with a vote in six weeks' time, one that's likely to linger in the mind.

http://www.theguardian.com/politics/2014/aug/05/alex-salmond-alistair-darling-scottish-independence-debate

CLAPTON

beecher2 wrote: »

http://www.scotland.gov.uk/Publications/2013/04/5881/8

These are the currency options for an independent Scotland.

In the event of independence, there will be negotiation and both sides will give and take. It would not be in the interests of Westminster to punish Scotland for voting for independence, and I'd think they'd leave the foaming at the mouth for the Mail comments pages.

there is only one realistic short term currency option for the Scottish.


Scotland will retain de facto use of the pound but will have no say in setting their own interest rates.
The issue of lender of last resort will probably be solved by all Scotland based banks relocating to England.


as the Scottish are committed to joining Europe, their 'final ' currency will be decided by EU negotiations which will mean the Euro.