Scottish Referendum / Independence - Vol 8

[Starfighter]

The article did mention 6 tests as part of introduction but did not detail what all of those were. There was mention of some level of approval from the public.

[Welshbeef]

Ecosseven said:

I'm not so sure. I'm firmly in the unionist camp but a lot of independence support will vote 'Yes' or Leave' in any future referendum regardless of the financial or social impact to gain their 'freedom' from the UK. Add to this the shambles that is Brexit and I can see a lot of swing votes going towards independence.

I can say for certain that if the country does vote for independence and it's own currency I'll be transferring my savings and investments out of the country.

Capital flight might not be possible ie once they state a new currency is to be set up then they would highly likely enforce capital controls.

You might also find that “offshore” which is what rUK banking would be might be facing harsh taxes from the Scotland govt

[Alpacaman]

Starfighter said:

The article did mention 6 tests as part of introduction but did not detail what all of those were. There was mention of some level of approval from the public.

http://www.these-islands.co.uk/publications/i330/choose_your_poison_the_snps_currency_headache.aspx

The six tests are detailed in this article including explaining why 3 are almost impossible to meet.

[Welshbeef]

Alpacaman said:

http://www.these-islands.co.uk/publications/i330/c...

The six tests are detailed in this article including explaining why 3 are almost impossible to meet.

Ah so there will never be a second Indy ref for Scotland given this manifesto?

[hutchst]

Welshbeef said:

Capital flight might not be possible ie once they state a new currency is to be set up then they would highly likely enforce capital controls.

You might also find that “offshore” which is what rUK banking would be might be facing harsh taxes from the Scotland govt

That's perfectly normal for a small newly-independent nation. Several countries that I've lived and worked in have those controls. They are all in Africa.

Third world here we come.

[Welshbeef]

hutchst said:

Welshbeef said:

Capital flight might not be possible ie once they state a new currency is to be set up then they would highly likely enforce capital controls.

You might also find that “offshore” which is what rUK banking would be might be facing harsh taxes from the Scotland govt

That's perfectly normal for a small newly-independent nation. Several countries that I've lived and worked in have those controls. They are all in Africa.

Third world here we come.

You’d need a suitcase full of cash and get it over the border

[Evercross]

Ecosseven said:

I can say for certain that if the country does vote for independence and it's own currency I'll be transferring my savings and investments out of the country.

+1

[Welshbeef]

Evercross said:

Ecosseven said:

I can say for certain that if the country does vote for independence and it's own currency I'll be transferring my savings and investments out of the country.

+1

Wouldn’t it be sensible to transfer half your savings to RUK banks and rUK based now to ensure its safety?

Once your told it’s too late

[98elise]

Welshbeef said:

Evercross said:

Ecosseven said:

I can say for certain that if the country does vote for independence and it's own currency I'll be transferring my savings and investments out of the country.

+1

Wouldn’t it be sensible to transfer half your savings to RUK banks and rUK based now to ensure its safety?

Once your told it’s too late

We will soon have a Labour/Marxist government who intend to bring in controls to stem capital flight from the UK. I'm not sure the UK is somewhere you want to shift money to!

Suddenly Bitcoin has a valid use case.

[Welshbeef]

98elise said:

We will soon have a Labour/Marxist government who intend to bring in controls to stem capital flight from the UK. I'm not sure the UK is somewhere you want to shift money to!

Suddenly Bitcoin has a valid use case.

No they will call you offshoring a tax avoidance person name and shame you.

Wonder if they will start naming and shaming people who have £1m in their ISAS and Tessas.... remove the tax free wrapper.

[Edinburger]

Even by this thread’s standards: what a lot of rubbish has been posted over the last few days!

[Alpacaman]

Edinburger said:

Even by this thread’s standards: what a lot of rubbish has been posted over the last few days!

Thanks for your inciteful contribution to the debate.


So do you not think the SNP currency plans are financial suicide for Scotland?

[Evercross]

Edinburger said:

Even by this thread’s standards: what a lot of rubbish has been posted over the last few days!

I'll take your opinion under advisement, seeing as you repeatedly failed to acknowledge and appreciate why a 'Scottish FM calling a referendum' was legally impossible.

Have you come round to reality yet, seeing as Nicola herself made it a part of her announcement last week?

[simoid]

Edinburger said:

Even by this thread’s standards: what a lot of rubbish has been posted over the last few days!

Trollolol

[Alpacaman]

It strange I was watching footage of the audience at the SNP conference and it reminded me of this article.

Earth Endangered By New Strain of Fact-Resistant Humans -

http://www.thescinewsreporter.com/2019/04/scientis...

[ianrb]

Alpacaman said:

It strange I was watching footage of the audience at the SNP conference and it reminded me of this article.

Earth Endangered By New Strain of Fact-Resistant Humans -

http://www.thescinewsreporter.com/2019/04/scientis...

It looked as if some of the audience were getting confused about the differfence between cosplay & real life.

[Edinburger]

Alpacaman said:

Edinburger said:

Even by this thread’s standards: what a lot of rubbish has been posted over the last few days!

Thanks for your inciteful contribution to the debate.


So do you not think the SNP currency plans are financial suicide for Scotland?

Depends how long the transition period is. I'd much prefer an open-ended currency union with rUK. No currency union means having no influence on interest rates and BoE economic policy. But the SNP have to listen to their members and it feels to me like they want to get independence over the line and 'worry about the rest later'. Which is obviously completely irresponsible.

But - in the same way many Brexiteers wanted to leave the EU regardless of arguments - that's what many pro-independence supporters will do.

[Edinburger]

Evercross said:

Edinburger said:

Even by this thread’s standards: what a lot of rubbish has been posted over the last few days!

I'll take your opinion under advisement, seeing as you repeatedly failed to acknowledge and appreciate why a 'Scottish FM calling a referendum' was legally impossible.

Have you come round to reality yet, seeing as Nicola herself made it a part of her announcement last week?

Why was I asked to acknowledge that? The legalities of a referendum? I don't give a monkey's chuff about that. Seems clear to me that a referendum will happen with or without Westminster's blessing. The big question is: what happens if we vote for independence?

[Edinburger]

simoid said:

Edinburger said:

Even by this thread’s standards: what a lot of rubbish has been posted over the last few days!

Trollolol

Read back over the past few days and tell me I was wrong.

[amusingduck]

Edinburger said:

Alpacaman said:

Edinburger said:

Even by this thread’s standards: what a lot of rubbish has been posted over the last few days!

Thanks for your inciteful contribution to the debate.


So do you not think the SNP currency plans are financial suicide for Scotland?

Depends how long the transition period is. I'd much prefer an open-ended currency union with rUK. No currency union means having no influence on interest rates and BoE economic policy. But the SNP have to listen to their members and it feels to me like they want to get independence over the line and 'worry about the rest later'. Which is obviously completely irresponsible.

But - in the same way many Brexiteers wanted to leave the EU regardless of arguments - that's what many pro-independence supporters will do.

Why would rUK want a currency union with an independent Scotland?