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Will Scotland become independent in the next 5 years?

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    steampowered wrote: »
    The pound is a floating, publicly tradeable currency. An independent Scotland would be perfectly entitled to use the pound if it wants.

    Why would an independent Scotland want to be dictated to by UK economic policy.
  • antrobus
    antrobus Posts: 17,386 Forumite
    westernpromise wrote: »
    Who would be the lender of last resort?

    Who would bail out a failing Scottish bank? It won't be the Bank of England (the clue why not is in the name).

    A newly minted Central Bank of Scotland, with the government of this hypothetical independent Scotland standing by in a crisis . In the absence of any Central Bank of Scotland, there would be no Scottish banks. Which can be bit of a disadvantage in a modern 21st century economy.
  • rentmekid
    rentmekid Posts: 79 Forumite
    Sixth Anniversary
    hope not. SNP - Scottish Nasty Party
  • elantan
    elantan Posts: 21,022 Forumite
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    rentmekid wrote: »
    hope not. SNP - Scottish Nasty Party

    Wow you must've taken days to come up with that one ... well done you must be proud
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    antrobus wrote: »
    A newly minted Central Bank of Scotland, with the government of this hypothetical independent Scotland standing by in a crisis . In the absence of any Central Bank of Scotland, there would be no Scottish banks. Which can be bit of a disadvantage in a modern 21st century economy.

    There'll be RBS. ;)
  • antrobus
    antrobus Posts: 17,386 Forumite
    Thrugelmir wrote: »
    There'll be RBS. ;)

    An independent Scotland would need a Central Bank as well, in order to supervise RBS.

    But I understand what you mean. They can have RBS. That will be £45bn please. :)
  • .string.
    .string. Posts: 2,733 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    elantan wrote: »
    Wow you must've taken days to come up with that one ... well done you must be proud

    The earliest I heard that term was in 2014 I think.

    3 years later, I prefer the Scottish Neverendum Party, a name I think they would be proud of.
    Union, not Disunion

    I have a Right Wing and a Left Wing.
    It's the only way to fly straight.
  • Shakethedisease
    Shakethedisease Posts: 7,006 Forumite
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    .string. wrote: »
    The earliest I heard that term was in 2014 I think.

    3 years later, I prefer the Scottish Neverendum Party, a name I think they would be proud of.

    Two independence referendums within 5 years ( because I think we all know there's going to be a second one fairly soon ). I'd call that pretty good going for a party based on Scottish independence.

    Does exactly what it says on the tin. ;)
    It all seems so stupid it makes me want to give up.
    But why should I give up, when it all seems so stupid ?
  • .string.
    .string. Posts: 2,733 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Shakethedisease wrote: »
    Two independence referendums within 5 years ( because I think we all know there's going to be a second one fairly soon ). I'd call that pretty good going for a party based on Scottish independence.

    Does exactly what it says on the tin. ;)

    Hi Shakey -. Unsurprised to note that you are proud of the SNP Neverendum obsession, but no, we do not all know that there will be another Neverindyref.

    Rather the opposite really. Why on Earth should May agree to that? :)
    Union, not Disunion

    I have a Right Wing and a Left Wing.
    It's the only way to fly straight.
  • Shakethedisease
    Shakethedisease Posts: 7,006 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    .string. wrote: »
    Hi Shakey -. Unsurprised to note that you are proud of the SNP Neverendum obsession, but no, we do not all know that there will be another Neverindyref.

    Rather the opposite really. Why on Earth should May agree to that? :)

    International Law on rights to Self Determination ?
    It all seems so stupid it makes me want to give up.
    But why should I give up, when it all seems so stupid ?
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