Scottish Referendum / Independence - Vol 6
Discussion
Jeez, from the BBC
A number of bank bosses have told me they expect significant flight of savings out of Scotland in the event of a vote for independence, because, in the words of a senior bank executive, "the devaluation risk is real".
Looks like a nightmare for the Scots if they vote Yes. Significant in bank speak is catastrophic for everyone else.
A number of bank bosses have told me they expect significant flight of savings out of Scotland in the event of a vote for independence, because, in the words of a senior bank executive, "the devaluation risk is real".
Looks like a nightmare for the Scots if they vote Yes. Significant in bank speak is catastrophic for everyone else.
el stovey said:
Not so much for Lloyds but standard life and RBS are massive employers. More importantly though, the lack of confidence will be very damaging to the yes campaign.
I guess SNP will simply roll out the line - its all lies bluff bluster and bullying. Or that BUsiness for Scotland with corner shops as its members spouting junk. I wonder if there are Yes postal voters who have voted and now want to change as what Salmond said would never happen actually is happening
Since these survey companies are competing for space in the national media (as exposure = advertising = more business) I do wonder to what extent they are massaging the question, or the sample that is polled, so as to produce results that suggest a neck and neck race.
It's entirely possible that the gap has, in fact closed, but how much less the polls would be in the news if the results had shown a consistent and unchanging lead over the last two months odd.
It's entirely possible that the gap has, in fact closed, but how much less the polls would be in the news if the results had shown a consistent and unchanging lead over the last two months odd.
davepoth said:
Be unsurprised if your parent company moves to England and has a subsidiary in Scotland, at least as far as tax is concerned.
Thanks to both yourself and Troubletmill for the answers, effectively independence is nothing good for them either then.Somehow, I'm not surprised.
Wouldn't surprise me if more financial companies move south, uncertainty over currency, lender of last resort and regulations on an independant Scotland would leave them no choice.
Pension companies, banks, Asset Managers could all move. I am surprised that this is only just making the news now.
Pension companies, banks, Asset Managers could all move. I am surprised that this is only just making the news now.
Welshbeef said:
anonymous said:
[redacted]
Or that the SNP basically say anything that ProUnion state or claim it total lies yet the rover of gold sprouted by SNP is a worst case scenario. Wonder if all Yes coters believe the todh
s who are making it up as they go along & will say absolutely anything they "deem necessary". The truthfulness of it is not even remotely a consideration.
The mystery is as to how they have managed to convince so many to swallow the great steaming, festering pile of s
t they have been serving up!anonymous said:
[redacted]
The financial markets are in London. there are 55M people south of the border, 5M people north of it. Scotland is going to be a backwater market of little consequence to any major company in any field. The population alone determines that.Couple that with a devaluation risk and you get out of dodge as fast as your corporate legs will carry you if you've any sense. Far cheaper to do that & watch what happens from the other side of the border with a view to going back north at some later date (if it makes sense to do so) than to try & weather the storm.
anonymous said:
[redacted]
Frankly, with No as far ahead as it was until recently, it wouldn't have been sensible. You've seen how badly the market looked upon the poll that showed yes ahead - if they'd started "scaremongering" when there was no need it would have had a detrimental effect on their stock market performance. s2kjock said:
I think a lot of "old folk" are just as likely to vote yes - shorter term outlook so less to lose.
Doesn't work like that otherwise 17 year olds would all be driving at 22mph in Volvos and never going any faster on the basis that if they kill themselves they have potentially 60-70 years to lose and 80 year old's hooning around in souped up Saxo/C2/Fiesta's or whatever on the basis that if they total it into a lamp post or ditch they haven't lost much.People get risk adverse as they get older. It is just a fact.
Troubleatmill said:
Clydesdale bank just announced they will leave Scotland in case of a Yes vote.
Jings, crivvens and help me boab!
So far today that's thousands of jobs leaving Scotland and now may go regardless. How much Corporation tax will now be lost. Jings, crivvens and help me boab!
Maybe Business for Scotland will roll up a one store only outfit let's call it groat land to say its all bluster and voting Yes is the best move.
worsy said:
I don't know but there must be carrot and stick? Tax the floor space, offer reductions elsewhere. Promote more flexible WFH, with tax breaks for employers. Maybe the touted federalisation works? Lower CT in the provinces.
Best bet is perhaps to leave London as is and offer some nice incentives for RBS, Standard Life etc. to move down the road to Newcastle. It doesn't look like they need much encouragement.s2kjock said:
I think a lot of "old folk" are just as likely to vote yes - shorter term outlook so less to lose.
Apparently not according to the analysis shown - its the 20's to 40's who have moved in huge numbers towards Yes. The old folk are Union Pro No and have stayed pretty static all the time. SNP use a great line if its better together then is this as good as it gets... Well given worst global depression in 70years and trying to recover our economy clearly its tough all round.
I have been trying to keep out of this thread as much as possible because I would probably get banned for my opinions of some of the yessers. Im hoping the latest poll results are indicative that sense is finally prevailing. Alex Salmond thought he was being smart getting 16 and 17 year olds included in the vote but may actually have shot himself in the foot. My 17 year old son who is quite political tells me that in his school theyve been having regular discussions and polls over the last year or so and that the young vote isnt anywhere near as keen on seperation as the SNP would like to think they are.
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