Back To Scottish Independence

I'd be very wary of taking a politician with a large vested interest on this as anything other than 'I hope this happens' better looking at Dr Cairney's views which are unbiased economic views or even Alex Salmond's ex economic advisor Kay both of whom say that the risks of Scotland's continued use of the pound would be too great for the rest of the UK. Cairney is particularly scathing of the idea especially as the Scottish government has been unwilling or unable to answer the technical questions asked of them.

In terms of independence that's up to the Scottish people but I think they should be clear that it will not be selective independence it will be the end of monetary and political union.

 

No 1/4
Yes 7/2

There is no conceivable way that Osborne, Balls, Alexander and the Governor of the BOE can backtrack on their assertion this week of no monetary union. And the Euro is not a possibility given the absence of a history of Scotland managing it's own currency.

So it looks like it's the pound, but with Scotland having no control over interest rates, exchange rates or monetary policy. It will be greater independence, but not in economic terms. Furthermore, Scotland will have to play ball over their share of the debt and oil revenues, because the UK could drastically undermine them through economics - perhaps like the US did via their attack on sterling at the height of the Suez crisis.

 

Some great replies there guys. Thanks for entering this debate with me and offering your very welcomed views.

Gotta say I'm now ever more confused.

OH and Mr Skinner why don't you get yourself down to B&Q and buy yourself a pile of bricks and make a start on that wall.
I've got the haggis sandwiches for your dinner.

 

TBH my friend I wish we could get British independence

and not be ruled by Europe anymore.

 

I think you've got that the wrong way round 60% of Scotlands trade is with England not the other way round .

 

Nope sorry, I know what Stewart said and only repeating, but please feel free to search the internet to prove him wrong.

 

Yes he definitely got that very wrong. The EU is easily englands leading market. England is Scotland's biggest market. I think off the top of my head the figures are 63% of Scottish Trade is with the rest of the UK and about 18 of England with the UK. It'll tell you on relevant government websites.

 

http://news.sky.com/story/1202962/carney-warns-of-risks-of-scots-independence

 

I'd be very worried listening to owt he has to say if he can't get summat so basic right!!!!

 

Scotland is nowhere near big enough to make up 60% of England's trade.

 

just a thought....anybody tried to spend a scottish banknote.....abroad especially????

good luck if you get a new currency........

 

Ha Ha I'm old enough to remember when shops in England gave you 19/6 for the Scottish bank note. If you're over 50 you'll know what 19/6 was. LOL

TBH I could be wrong here but as we (Scots) use our own bank notes but used under the umbrella of the Bank of England it is in fact an illegal currency but tolerated in England but not widely recognised in Europe or worldwide.
Maybe someone in the know can clarify because I'm really getting totally confused with this economic minefield.

Maybe we are totally fked. LOL

 

Although surely if you used your own weaker currency then businesses would leave your country like they have other countries with a poor currency and England would benefit significantly. When Scotland and England are so close and easy to navigate geographically I don't think that having the same currency is the deciding factor when it comes to trade, it's the ease of access, the transport times and the cost of transportation that makes the bigger difference.

and that is the true reason why scotland wants to keep the poind, it isn't because it is better for both nations it is because scotland knows it cannot survive as a truly independent nation and so wishes to be independent when it suits but leech off the UK when it needs to and the fact that your own politicians and those calling for this independence are effectively admitting to this (while pretending that they are not) by asking to keep certain things tells me that you should be VERY worried about the future when voting yes

 

Thanks for that SuperTyke.
I'll now sit back feeling far more confident about the future. I know beyond all doubt that I'll be well cared for by kind gentlemen like David and his compassionate government.

I also raise my glass to the future.

 

You said in your last thread that people would be stupid to let their like or dislike of any particular party rule their head yet that is surely exactly what you're doing. You're wishing to vote yes because you don't like the tories or Cameron and don't want to live under their rule which will only last for another 15 months anyway

 

Linked to the Dollar? I don't think so. That would be suicide.

 

They don't like the tory's. Thats a suprise. They should stop voting NSP then

 

No No mate wires crossed a wee bit. Stewart was only pointing out that other currencies tie themselves up with different currencies and was using HK and the Dollar as an example and not suggesting the Scotland should link with the Dollar.

 

Coexist lots of Tory voters in Dundee choose to vote SNP so as to keep a Labour candidate out. We have in Dundee 2 SNP MPs. so their strategy is working. A Tory vote in Dundee is a wasted vote much like a Tory vote in Barnsley.

 

Goodness another post on this.

You vote YES you will not be using the pound and its likely the EU don't want you either according to Jose Manuel Barroso.

I really don't get why Scotland would want the Pound either really apart from the protection you would get. Scotlands like a little kid that thinks its all big and tough until someone turns around and it hides behind it's parent(England ).

third point. Scotland could end up like Greece or Portugal if it happened and England would get the benefits that Germany did a few years ago with the Euro.