Scottish Referendum / Independence - Vol 3

[Mojocvh]

Not directed at anyone in particular, an interesting read .

"Subpoena in US court"

http://www.pprune.org/rumours-news/501298-subpoena...


Some folk just can't take a hint, push or virtual smack in the kisser.....

[Mojocvh]

simoid said:

So this Niggle Farridge guy, any evidence of him being a racist moron?

First ever PH litigation?

I hope not. PH would a very different bb that's for sure.

[Jamie6747]

Scotland could become 'another Cyprus' if it becomes independent

http://www.independent.co.uk/news/uk/politics/scot...

[Jamie6747]

[Rollin]

I love the responses from the Iraqi information minister..ahem..I mean SNP

"John Swinney, the Scottish Finance Secretary, said: "This is a feeble attempt to undermine confidence in Scotland's ability to be a successful independent country – and it will not work.""

[A.J.M]

Some friends were talking about this in the pub last night.
Points raised are as follows, i will admit, i don't know the full answer's to the questions so can anyone else?

Scotland earns earns more than it spends not including oil. True/false?
Scotland is way on the path to being 100% renewable energy dependant, so they can sell electric to others by 2020.. True/false?
Scotland will get into the EU straight away. True/false?
Scotland won't take any national debt from the Uk deficit? True/false?

[Jamie6747]

A.J.M said:

Some friends were talking about this in the pub last night.
Points raised are as follows, i will admit, i don't know the full answer's to the questions so can anyone else?

Scotland earns earns more than it spends not including oil. True/false?
Scotland is way on the path to being 100% renewable energy dependant, so they can sell electric to others by 2020.. True/false?
Scotland will get into the EU straight away. True/false?
Scotland won't take any national debt from the Uk deficit? True/false?

Contact Scottish Parliament. No one here can answer the questions since the SNP have not really got the answers themselves. your not ment to ask questions, your just ment to vote yes anyway. according to the SNP.

https://www.scottish.parliament.uk/msps/currentmsp...

[McWigglebum4th]

A.J.M said:

Some friends were talking about this in the pub last night.
Points raised are as follows, i will admit, i don't know the full answer's to the questions so can anyone else?

Scotland earns earns more than it spends not including oil. True/false? 100% total bks
Scotland is way on the path to being 100% renewable energy dependant, so they can sell electric to others by 2020.. True/false? 100% total bks as it is not even possible to be 100% renewable
Scotland will get into the EU straight away. True/false? Unknown
Scotland won't take any national debt from the Uk deficit? True/false? Unknown but probably false

[Jamie6747]

Alec Salmond on the radio today


scotland subsidies wales

[McWigglebum4th]

Jamie6747 said:

Alec Salmond on the radio today


scotland subsidies wales

So they hate the welsh too

[Welshbeef]

If they can seriously walk away from the national Debt then that's a huge reason to vote yes.


Being utterly naive how would it be possible for them to not take any share of the debt? They have received the benefits of it or been complicit in spend it so how would that be possible?

Turn the tables give the eU have bought Greek debt surely they could become Independant from the EU and leave the debt based upon same arguement.

Surely the rUK would have to vote to allow Scotland to walk away debt free and leave the rest of us to pay for ther spending.

[TheHeretic]

It won't happen. If it does happen, then they will lose a lot elsewhere in the negotiations. Do not think the rUK is powerless in this situation.

[simoid]

Welshbeef said:

If they can seriously walk away from the national Debt then that's a huge reason to vote yes.


Being utterly naive how would it be possible for them to not take any share of the debt? They have received the benefits of it or been complicit in spend it so how would that be possible?

Turn the tables give the eU have bought Greek debt surely they could become Independant from the EU and leave the debt based upon same arguement.

Surely the rUK would have to vote to allow Scotland to walk away debt free and leave the rest of us to pay for ther spending.

But even if we are debt free - we start off spending more than we tax, and with a big bill for the "significant costs of independence" even if we're saving a couple of billions per year on interest payments.

And we also suffer as the economy adjusts to the new conditions. Change costs money.

[WhereamI]

Don't forget that Scotland only gets independence if Westminster votes for it to happen. Winning the referendum doesn't make it legally binding that it must happen. If the deal isn't one that a majority of MPs will vote for (and most of them are English), Scotland doesn't get independence.

[TheHeretic]

WhereamI said:

Don't forget that Scotland only gets independence if Westminster votes for it to happen. Winning the referendum doesn't make it legally binding that it must happen. If the deal isn't one that a majority of MPs will vote for (and most of them are English), Scotland doesn't get independence.

Talk of Scotland not taking any debt at all is not going to happen. It will be sorted in the negotiation. If it isn't, then it will not happen.

[Jamie6747]

If Scotland wants to make it hard for the rest of the UK and walk away debt free then we will make it 10 times harder for them, and tell them to join the Euro. The pound belongs to the uk. Scotland will no longer be in the UK so it cant have a say on how its run or who uses it.

[simoid]

TheHeretic said:

Talk of Scotland not taking any debt at all is not going to happen. It will be sorted in the negotiation. If it isn't, then it will not happen.

But it's interesting to consider that even if Scotland starts with zero debt, we're not necessarily better apart.

[TheHeretic]

simoid said:

But it's interesting to consider that even if Scotland starts with zero debt, we're not necessarily better apart.

Well, that goes without saying. If they take no debt, I presume you will not take your share of the treasury?What will you start with?

[Welshbeef]

Jamie6747 said:

If Scotland wants to make it hard for the rest of the UK and walk away debt free then we will make it 10 times harder for them, and tell them to join the Euro. The pound belongs to the uk. Scotland will no longer be in the UK so it cant have a say on how its run or who uses it.

Any country can choose to use any currency they want to - however they would have no control of interest rates or money supply.
So they could walk debt free away then choose to use £ - given our money supply and interest rates will be similar to the Scotish requirement its not really a big deal.

[AstonZagato]

Scotland will possibly not have any external debt to begin with.

It is a bit difficult to say to bond holders "well you used to have £100 of UK debt but we have decided now you have £90 of UK debt and £10 of Scottish debt".

One potential solution is that the UK debt will all remain with the continuing UK and Scottish government will owe the rest of the UK for its portion (I.e.there will be shadow bonds that Scotland would issue to the UK - UK owes bond holders £100 still but Scotland owes UK £10). Given that the Scottish could default without impacting any bond holders other than the UK, it would then be prudent to have the Scottish debt all guaranteed - say against future oil revenue. As the Scottish debt to the UK was repaid, then Scotland would finance itself directly in the financial markets.