Independent Scotland's FIAT currency - when should I move my savings?

murphydavid

masonic wrote: »

Presumably anyone who currently has British citizenship will continue to be British unless they choose to renounce it, so I don't think anyone will have a Scottish passport imposed upon them.

I find that information on the realities is in short supply but surely
In the event of a yes vote I dont think that Scotland can retain its greater identity of "United Kingdom of Great Britain and Ireland". Looking at history I think it will always be part of Great Britain but surely the United Kingdom would change. I suspect to "United Kingdom of England, Wales and Ireland". At the moment passports of citizens of "United Kingdom of Great Britain and Ireland". are normaly refered to as UK passports but after a yes vote the term UK would not apply to a Scottish citizen so how can they retain a UK passport without applying for duel nationality. Maybe we will all get duel nationality, that will save on passport control when crossing the border.
I wonder what terms Scotland will lay down for Citizenship? If I could get duel Nationality I would, its got to be benificial.

lejog2003

As I understand it anyone born within the borders of the UK as they were at the time of their birth (or who have a parent born within the UK at the time of the parents birth etc) will be entitled to a UK passport if they want one. So a UK passport for all Scots and (at least) their children if they want one.

The UK allows dual nationality - I'm pretty sure with few (if any) restrictions.

jennifernil

Archi_Bald wrote: »

moot point but it's in local elections only, not in national ones. Same the other way round, it's an EU thing. I am not sure, however, what the laws are for referenda.


I agree with you so long as the rest of us also get a vote on any changes that affect the rest of us. Such as, for instance, whether we think we should be the lender of last resort for a foreign country.

I think you need to have been a resident for 3 years to be able to vote.

Hopefully sense will prevail and we stay together.

lejog2003

Archi_Bald wrote: »

I agree with you so long as the rest of us also get a vote on any changes that affect the rest of us. Such as, for instance, whether we think we should be the lender of last resort for a foreign country.

Indeed, also if the Scots wish to take their share of UK assets without taking their fair share of UK debt.

Jonbvn

lejog2003 wrote: »

As I understand it anyone born within the borders of the UK as they were at the time of their birth (or who have a parent born within the UK at the time of the parents birth etc) will be entitled to a UK passport if they want one.

If you were born after1983, then you qualify as a British Citizen at birth only if one of your parents had "Settled" status in the UK.

bigheadxx

lejog2003 wrote: »

Indeed, also if the Scots wish to take their share of UK assets without taking their fair share of UK debt.

Given that most of Scotlands share of UK assets are actually located in Scotland, what are they going to do?

rpc

bigheadxx wrote: »

Given that most of Scotlands share of UK assets are actually located in Scotland, what are they going to do?

Fixed assets yes, liquid/moveable assets no.

If Scotland receives no liquid assets then it would start independence with no money.

We could keep our hospitals, but someone needs to pay the doctors.

No reserves means very little confidence from money markets.

CLAPTON

murphydavid wrote: »

As an aside I note most pundits say Scotland should take on a portion of the national debt so it seems logical they will also take a portion of the national assets which must include a proportion of the funds held by the Bank of England.

of course Scotland will get a share of UK assets


that has, of course, nothing to do what currency Scotland will use or whether there will be a currency union

masonic

murphydavid wrote: »

In the event of a yes vote I dont think that Scotland can retain its greater identity of "United Kingdom of Great Britain and Ireland".

Scotland will not retain its greater identity, but anyone born within Scotland while it was part of the UK will retain their nationality.

At the moment passports of citizens of "United Kingdom of Great Britain and Ireland". are normaly refered to as UK passports but after a yes vote the term UK would not apply to a Scottish citizen so how can they retain a UK passport without applying for duel nationality.

I think you have it the wrong way around. iScotland could not influence the existing legal relationship between a UK citizen and the UK state. Everyone who currently has UK nationality will retain it unless they choose to give it up or the UK Government decide to excommunicate its citizens who happened to be born in part of the UK that will become iScotland. I think the latter is unimaginable and the former is completely optional.

lejog2003

bigheadxx wrote: »

Given that most of Scotlands share of UK assets are actually located in Scotland, what are they going to do?

Since when has location determined ownership? Just keep them and charge the Scots for their use. Scotland would be in enough trouble with the markets if it renounced its share of the debt, it would become an international pariah if it forceably seized UK-owned assets.