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The finances of an Independent Scotland.

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  • kabayiri
    kabayiri Posts: 22,740 Forumite
    Part of the Furniture 10,000 Posts
    ...Or maybe they won't run out of time ?

    C40U3O3W8AASPQm.jpg

    Surely both the EU and Holyrood know that timing will be a factor and might take pre-emptive steps to address it should that be the case ? The story isn't online yet, and I imagine it's not as dramatic as it sounds. But nonetheless lots of 'leaks' lately.
    ...

    It might come down to horse trading in the end.

    The EU won't scupper a potential deal just to gain Scotland as a new member.

    You're just not that big or an important an economy in the greater scheme of things. There might be objections from existing EU members to Scottish fast track entry too.

    Ultimately, both the EU and May hold the cards. Only the UK negotiators and the EU negotiators can determine what kind of Brexit we have.
  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Will we know the EU negotiating position before talks begin? Will it be a case of leaks taking place over 18 months or are we to be given updates?
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    beecher2 wrote: »
    Will we know the EU negotiating position before talks begin? Will it be a case of leaks taking place over 18 months or are we to be given updates?

    Do the other EU member states even have a unified position. One can assume not. Brexit is going to highlight the differences in opinion and the desired outcomes of the other members.
  • Thrugelmir wrote: »
    Do the other EU member states even have a unified position. One can assume not. Brexit is going to highlight the differences in opinion and the desired outcomes of the other members.
    I agree completely.

    For example there are several EU member states that may be strongly opposed to Scotland joining the EU.

    Spain is a good example. Spain is bitterly fighting Catalonia's bid for independence at the moment (I understand Catalonia may even have a majority in favour of independence). The Scottish independence referendum was watched with dread in Madrid and triggered great joy in Catalonia. I imagine Spain will want to block any arrangement which looks like it is encouraging Scotland to get a different deal to the rest of the UK.
  • Herzlos
    Herzlos Posts: 15,918 Forumite
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    I'm pretty sure (no citation to hand) that Spain has stated they won't block Scotlands entry.
  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Do the other EU member states even have a unified position. One can assume not. Brexit is going to highlight the differences in opinion and the desired outcomes of the other members.
    The European council will determine what the unified position is - this is why negotiations won't start as soon as Article 50 is triggered. I am just unclear as to whether we hear what that unified position is, or if parts of it will be leaked.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    beecher2 wrote: »
    The European council will determine what the unified position is - this is why negotiations won't start as soon as Article 50 is triggered. I am just unclear as to whether we hear what that unified position is, or if parts of it will be leaked.

    Two years is a long time in politics. Who knows what changes they'll be.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Herzlos wrote: »
    I'm pretty sure (no citation to hand) that Spain has stated they won't block Scotlands entry.

    No one can give such an undertaking until such time as a formal application is made.
  • TrickyTree83
    TrickyTree83 Posts: 3,930 Forumite
    edited 17 February 2017 at 2:02PM
    I find it interesting to watch the iScotland threads on this forum

    ( Debate House Prices & the Economy )

    and on this thread in particular

    ( The finances of an Independent Scotland )

    descend into political ideology and opinion rather than sticking to the economics. It's repetitive behaviour, I can only conclude they don't like to talk about the true economic situation of iScotland because it's grim reading. They'd rather steer the conversation towards points they believe they can win (my politics is better than your politics!) and virtue signal on. Recently I wrote a post with a list (not an exhaustive one) of implications for iScotland and I asked what the positive economic outcomes would be. It's been deafeningly silent apart from the deflecting chuntering about the EU and whether or not a referendum takes place.

    Yet those ideological arguments only apply to a minority of people in Scotland, the economics applies to all of us (i.e. anyone in the UK). If these people turn Scotland into a quivering wreck of an economy it will impact the rest of the UK badly. Keep them on point until they realise ruining their economy does them and us no favours.
  • Moby
    Moby Posts: 3,917 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I find it interesting to watch the threads on this forum

    ( Debate House Prices & the Economy )

    and on this thread in particular

    ( The finances of an Independent Scotland )

    descend into political ideology and opinion rather than sticking to the economics. It's repetitive behaviour, I can only conclude they don't like to talk about the true economic situation of iScotland because it's grim reading. They'd rather steer the conversation towards points they believe they can win (my politics is better than your politics!) and virtue signal on. Recently I wrote a post with a list (not an exhaustive one) of implications for iScotland and I asked what the positive economic outcomes would be. It's been deafeningly silent apart from the deflecting chuntering about the EU and whether or not a referendum takes place.

    Yet those ideological arguments only apply to a minority of people in Scotland, the economics applies to all of us (i.e. anyone in the UK). If these people turn Scotland into a quivering wreck of an economy it will impact the rest of the UK badly. Keep them on point until they realise ruining their economy does them and us no favours.
    The thing you fail to realise time and time again is that economics is only part of the picture regarding the fervour for Scottish independence. Think of it like this....people voted for Brexit for all sorts of reasons.....if they had voted on economics alone surely we would never have given up our tarrif free access to a huge market on our doorstep. People cite all sorts of reasons.....taking back control etc etc....think of Scottish independence in the same way....and you'll understand it better. Also look at history....a similar sized country.....Ireland! Very poor economically....Ireland still fought their way to independence in 1920! Nationalism doesn't just apply to English self interest re. Europe....It's just as powerful a force promoting the energy behind Scottish independence from England. Many people in Scotland look on their independence the same way as English people see Brexit.....we'll make it work despite the economics because our independence is the most important thing. Of course their view of brexit will only increase this aspiration.
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