The Economic outlook for Scotland

Kohoutek

Property buyers add Scottish exit clause - FT

Depressing reading, but an illustration of the insanity of the idea of separating from the UK at any cost.

“Exit clauses” are being inserted into commercial property contracts in Scotland to allow buyers to scrap deals or renegotiate prices if voters opt for independence, according to leading advisers to the sector.

On Sunday a person close to a major project to double the size of Glasgow’s Buchanan Galleries shopping centre warned that its backers could pull out if the Scots vote for independence next week.

Other UK property companies have told the Financial Times that they are postponing decision-making and are seeing tenants such as large retailers refuse to commit to lettings until after the vote.

A poll conducted by legal firm Nabarro this summer found that 81 per cent of property investors would be less likely to invest in Scotland if it became independent.

http://www.ft.com/cms/s/0/037e9f44-376e-11e4-971c-00144feabdc0.html

Thrugelmir

Kohoutek wrote: »

Property buyers add Scottish exit clause - FT

Depressing reading, but an illustration of the insanity of the idea of separating from the UK at any cost.

That's because they don't know what tax they get hit with after next April. Likewise new residential property is going to be impacted. As stamp duty is going to be replaced in Scotland.

BACKFRMTHEEDGE

BP To Be Nationalised; The Latest Scottish Independence Threat

Scotland has a surprisingly large number of entirely know-nothing socialists in it still. It’s one of the reasons we English are quite keen to see them go. It’s after considering this point that we can look at the latest story to come out of the upcoming referendum on Scottish independence. Which is that BP would be nationalised in a newly independent Scotland. It has to be said that this is one of the more stupid ideas that anyone’s put forward recently, of the sort of order of starting Wayne Rooney as goalie for England (or for the more middle class among us perhaps David Marler as a wing at Twickenham). The point being that Scotland can’t actually nationalise BP, couldn’t afford it if it could and it wouldn’t be a good deal anyway.

http://www.forbes.com/sites/timworstall/2014/09/12/bp-to-be-nationalised-the-latest-scottish-independence-threat/

Scottish independence: FORMER SNP deputy leader Jim Sillars has claimed there will be a “day of reckoning” for major Scottish employers such as Royal Bank of Scotland and Standard Life after a Yes vote.
Speaking from his campaign vehicle the “Margo Mobile”, Mr Sillars insisted that employers are “subverting Scotland’s democratic process” and vowed that oil giant BP would be nationalised in an independent Scotland.

http://www.scotsman.com/news/politics/top-stories/day-of-reckoning-post-yes-vote-says-jim-sillars-1-3539754

worldtraveller

Details on the BOE Financial Policy Committee meeting on the 26th September showing the extent of the planning put in place ahead of the referendum:

RECORD OF THE FINANCIAL POLICY COMMITTEE MEETING
26 SEPTEMBER 2014 (pdf)

ruggedtoast

It's funny reading back on all that independence stuff. And it all turned out to be such a damp squib.

Thrugelmir

ruggedtoast wrote: »

It's funny reading back on all that independence stuff. And it all turned out to be such a damp squib.

I'm sure that we haven't heard the last. Salmond won't walk away from his life's dream.

tberry6686

The independence group will not accept a democratic vote, just have a look around the internet and you will find all the evidence you could possibly want for this.

I would be willing to put a bet on there being another referendum in the next 4 years. Of course the SNP not being willing to accept the result of the recent referendum is nothing short of a disgrace, but then that's all they ever have been.

MobileSaver

Thrugelmir wrote: »

I'm sure that we haven't heard the last. Salmond won't walk away from his life's dream.

I didn't think Salmond could become more odious until I read the following:

He said that although a referendum was his preferred option, achieving a majority at the Scottish Parliament was another way of reaching his party’s goal [of independence].

So despite the majority of Scots decisively voting to stay a part of the UK and not become an independent country he is now suggesting his party could still make Scotland independent.

Absolutely disgusting.

Generali

MobileSaver wrote: »

I didn't think Salmond could become more odious until I read the following:

So despite the majority of Scots decisively voting to stay a part of the UK and not become an independent country he is now suggesting his party could still make Scotland independent.

Absolutely disgusting.

To be fair, that's representative democracy in action.

Neither Scotland nor England has had direct democracy in the way the Swiss and US-ians do.

If we accept that the British Parliament can withdraw from the EU, why can't the Scottish Parliament withdraw from the UK? (Apart from the fact that constitutional powers aren't devolved of course).

MobileSaver

Generali wrote: »

why can't the Scottish Parliament withdraw from the UK?

Because a few weeks ago the majority of Scots decisively voted to stay a part of the UK and not become an independent country?