Who is bogging off after the YES vote?

[Rollin]

xr287 said:

Gaspode said:

Standard Life, it seems.

Because their announcement is entirely based on unbiased economic reasons and nothing to do with the personal interests of their board... http://www.craigmurray.org.uk/archives/2014/09/sta...

"If anybody thinks that an Independent Scotland will be a place where major strategic companies can still be controlled by swivel-eyed right wing ideologues, they may get a very nasty shock from the people of Scotland."

Wow. Restricting major business ownership to non-tories? Didn't see that in the white paper.

[Patrick Bateman]

I find it harder to take someone seriously when they say things like this-

https://www.youtube.com/watch?v=CIQ8VVn8AJA#t=253

[simoid]

simoid said:

ViperPict said:

Not magical, just common sense. They will certainly have the particular situation that Scottish farmers find themselves in better represented in the EU under iScot as opposed to UK.

Ah I see, they get a free lunch then - they gain while nobody loses?

Who loses out by paying for the farmers' free lunches, VP?

Where does the money come from?

[simoid]

Who is bogging off after the YES vote?

Clydesdale Bank too, now.

[onlynik]

simoid said:

Who is bogging off after the YES vote?

Clydesdale Bank too, now.

Good, they are a terrible bank, I must remember to move my business account away from them.

[jamieduff1981]

onlynik said:

simoid said:

Who is bogging off after the YES vote?

Clydesdale Bank too, now.

Good, they are a terrible bank, I must remember to move my business account away from them.

This seems a prevailing attitude. It appears to be spite.

Do those voting Yes, AND think businesses evacuating Scotland is a good thing realise what that means to every day people who happen to be affected by unemployment - even short term.

Does the Yes voters' vision of a better Scotland include their family, friends or neighbours having their home repossessed due to bankruptcy after a few months unemployed?

Anyone who thinks that's an acceptable price to pay for an independant Scotland should be lined up against a wall and shot, frankly.

[NoNeed]

onlynik said:

Good, they are a terrible bank, I must remember to move my business account away from them.

And that is the attitude that has caused all this trouble and is making people believe that it is best to move.

[Dinoboy]

Still only 2 people in my entire office who say there yes voters, could it be that a very noisy minority have fooled everybody into thinking this is even a possibility?

[KENZ]

Clydesdale bank is part of the Australian National Bank. They did have quite a presence in the high street many moons ago, very few branches in Scotland now.

[HenryJM]

They have 320 branches nationally, some branded as Clydesdale and some as Yorkshire (they are the same bank).

[Stwdv]

Dinoboy said:

Still only 2 people in my entire office who say there yes voters, could it be that a very noisy minority have fooled everybody into thinking this is even a possibility?

Not sure that is representative at all, I still see 50/50 in all the offices I go to

[dxg]

After moving all my accounts from RBS due to the way they treated me with a mortgage a few years back, I now find myself wondering what to do with a sizeable investment in a unit trust run by Scottish Widows.

If they vote yes, I'll be speaking to my financial guy as soon as possible afterwards...

(And I'm generally not overly concerned about these things. If people like me are now worried, I wonder just how much capital will flow back into England?.)

[onlynik]

jamieduff1981 said:

onlynik said:

simoid said:

Who is bogging off after the YES vote?

Clydesdale Bank too, now.

Good, they are a terrible bank, I must remember to move my business account away from them.

This seems a prevailing attitude. It appears to be spite.

Do those voting Yes, AND think businesses evacuating Scotland is a good thing realise what that means to every day people who happen to be affected by unemployment - even short term.

Does the Yes voters' vision of a better Scotland include their family, friends or neighbours having their home repossessed due to bankruptcy after a few months unemployed?

Anyone who thinks that's an acceptable price to pay for an independant Scotland should be lined up against a wall and shot, frankly.

Wow, touched a nerve?

I dislike the bank, they make it very difficult for me to speak to anyone about my business needs, they are not as bad as TSB who couldn't even give me someone to speak to, and told me I needed to call a helpdesk to get someone to call me back. However this has nothing to do with independence, it is to do with them being a st bank, if they left I wouldn't worry.

But they won't it is scare mongering from businesses.

[Dryce]

jamieduff1981 said:

Do those voting Yes, AND think businesses evacuating Scotland is a good thing realise what that means to every day people who happen to be affected by unemployment - even short term.

Does the Yes voters' vision of a better Scotland include their family, friends or neighbours having their home repossessed due to bankruptcy after a few months unemployed?

Anyone who thinks that's an acceptable price to pay for an independant Scotland should be lined up against a wall and shot, frankly.

To be fair what's happening with the banks isn't an evacuation - it's an administrative necessity. The only reason that they're speaking up now is that they have to in order to maintain confidence - not just for UK retail customers but for their inernational clients and partners - they'd rather not have to speak out at all on the matter.

The problem for Mr Salmond is that this has always been the case and the currency 'question' doesn't have any short term satisfactory answer that he can give that will avoid it. The banks have to manage the uncertainty of any potential or actual transition and the only solution for them is London.

I think Mr. Salmond has been irresponsible as the primary spokesperson on this - either he's out of ideas or they're worried about a nasty issue that would come out if they actually showed their hand which they don't want to answer to. It's not entirely clear why he can't be more transparent because as things stand they've given the banking sector no options. The childish bluster on the issue of debt wasn't only not needed - it will have been highly damaging.

Edited by Dryce on Thursday 11th September 10:25

[onlynik]

I'll just leave this here.

[X7LDA]

onlynik said:

if they left I wouldn't worry.

Problem is, people should worry. I work for a Bank and we've already been briefed on the consequences of a Yes vote. It's not good news I can promise you and it's very real, not scare mongering.

The Scottish econony will be in truoble if all major banks jump across the border and take all majority of jobs with them.

What people don't seem to grasp is without a strong finance secter, a central bank, currency union, EU membership etc etc, Scotlands credit rating would be pretty terrible. And with income projections based on a volatile asset (oil) I think we would find it very expensive to borrow money. My 2p is that no one therefore knows the financial impact of being independent. What will it cost you in tax and buying general daily products. New passports, new drivers licenses, a visa every time you travel abroad to the EU, higher taxes, border controls - the list goes on. Scary this could happen.

[onlynik]

X7LDA said:

onlynik said:

if they left I wouldn't worry.

Problem is, people should worry. I work for a Bank and we've already been briefed on the consequences of a Yes vote. It's not good news I can promise you and it's very real, not scare mongering.

Briefed by whom? Someone whose business is better based on the union? Much like RBS being independent from the government. The UK government plus a lot of strings behind the scenes, using their friends in high place to manipulate the information, much like they did in the 70's. Listen to John Major yesterday on R4, he was mainly saying that the UK establishment would lose prestige if Scotland left the Union.

[jamieduff1981]

onlynik said:

X7LDA said:

onlynik said:

if they left I wouldn't worry.

Problem is, people should worry. I work for a Bank and we've already been briefed on the consequences of a Yes vote. It's not good news I can promise you and it's very real, not scare mongering.

Briefed by whom? Someone whose business is better based on the union? Much like RBS being independent from the government. The UK government plus a lot of strings behind the scenes, using their friends in high place to manipulate the information, much like they did in the 70's. Listen to John Major yesterday on R4, he was mainly saying that the UK establishment would lose prestige if Scotland left the Union.

It's very noble and selfless of you to gamble other peoples' jobs in pursuit of your ideals. Bravo sir.

[Dryce]

X7LDA said:

What people don't seem to grasp is without a strong finance secter, a central bank, currency union, EU membership etc etc, Scotlands credit rating would be pretty terrible.

It might seem to some cold and hard objective observers that a newly independent country might be better off without these instutions and their practices and the liabilities that come with them.

Banking is indeed important - but in the UK the banking sector often gives the impression that it's the most important thing. Banks have forgotten that they service the genuinely productive business in the economy - they don't actually make or produce anything tangible.

Suppose that a separated Scotland had to pay a premium for its debt -- but didn't carry any of the other liabilities associated with these institutions. It might not feel like it was a good thing to start with - but might be a pretty good bargain over the long term.

[Dryce]

onlynik said:

Briefed by whom? Someone whose business is better based on the union?

Regardless of motivation of whoever might be doing the briefing - it's an inconvenient truth that will have to be faced up to. The banking sector in Scotland has an immediate need to appear a lot more closer to London if there is a 'yes' vote.

What is being said could have been said a lot more bluntly a long time ago but thse instutions have tried to remain aloof and out of the politics - they can't do that with the poll looking like it's going to go down to the wire.