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scottish referendum
Comments
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I hope Scotland doesn't come back once a week to get its washing doneArchi_Bald wrote: »If they did, we would have no obligations or desire to let them use our washing machines, or to do any of their ironing. They's soon realise they'd have to do their own laundry.
It's the sovereign will of the Scottish people after all.0 -
But we'll make you cut the grass in return or you won't get Sunday lunch0
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I think this "move your money south just in case of a yes vote" is overdone.
Even if there is a yes vote independence will not occur on the day. Instead it is due to happen in March 2016 so there really is no need to panic.
And as there is so much to work out and negotiate over I would be amazed if the date was not pushed back a lot further.
Shares in Scottish companies would be affected sooner (and indeed some have moved already due to last weekend's poll), but not bank accounts.0 -
I agree there's no reason to panic as there's still time for the likes of Aberdeen and First State to tell us how they will continue to meet the needs of residents of the UK and put the arrangements in place.
I'd expect to hear the announcements within say 3 months of a Yes vote occurring, otherwise there may not be enough time to put the arrangements in place.0 -
Borrowedtune wrote: »I agree there's no reason to panic as there's still time for the likes of Aberdeen and First State to tell us how they will continue to meet the needs of residents of the UK and put the arrangements in place.
I'd expect to hear the announcements within say 3 months of a Yes vote occurring, otherwise there may not be enough time to put the arrangements in place.
Agree there is no rush to acting now or in the immediate future. But the only widely acceptable arrangements the scottish financial companies would be able to offer are those that are fully licensed and guaranteed under UK law. This, by implication, would mean they'd need to set up south of the border, or face losing significant number of customers and significant amounts of investments.0 -
Did any one else watch the BBC news this morning, the bank of england said it will support ALL deposits in scotland in the event of independence. Is that even possible even for a set time? i think i heard the report correctly.:T0
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They will, until independence would happen, as until that point in time the legislation, regulation and guarantees of the UK will apply.
After the date of independence, all guarantees etc for deposits and investments in Scotland would need to be the responsibility of Scotland. All existing UK arrangements would only apply to rUK from then on.0 -
I think this "move your money south just in case of a yes vote" is overdone.
Even if there is a yes vote independence will not occur on the day. Instead it is due to happen in March 2016 so there really is no need to panic.
But it is the worry that causes capital flight, not the reality of problems. News that capital controls could be applied post-Yes only encourages people to move more quickly in case they are prevented from doing so later.And as there is so much to work out and negotiate over I would be amazed if the date was not pushed back a lot further.0 -
But it is the worry that causes capital flight, not the reality of problems. News that capital controls could be applied post-Yes only encourages people to move more quickly in case they are prevented from doing so later.
Besides nobody has said capital controls are on the table, some people are just guessing it is part of the Bank of England's contingency plans.
But yes, I agree the perception of a problem can cause as much damage as the reality.0 -
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