I just want a decent excuse to move out here!mckeann wrote:
Adam, seems a big gamble no??

I just want a decent excuse to move out here!mckeann wrote:
Adam, seems a big gamble no??
Will not know until it is spelt out in front of me of what the pros and cons are. However we should be proud to be British:-Titanium S1 111S (gla) wrote:Interesting that you have said much in support of AS and that you have voted SNP but not where you stand on the independence issue. For it or against it Tut?
Because the turn out is generally less than 50%.Gareth wrote: I did hear that apparently in Scotland those who voted for SNP is less than a 1/3. Don't know how that works as SNP are currently in "power". Maybe it was a poll of who would vote for independence.
To reiterate, if you vote for independence you are consigning the country to the kind of financial ruin that will make the greeks look like very responsible fiscal conservatives.An issue for the Scottish is that no country has ever changed currency and not had inflation. The Scottish economy is not currently well suited to coping with a sudden spike in inflation and the upwards jolt of their new interest rates that would occur. There is also the matter of the new credit rating for independent Scotland? This could be very poor meaning that borrowing costs spiral rapidly out of control.
The solution would be to join the Euro to obtain funding stability, but in essence this is worse currency change which all previous new members have suffered enormour inflation on the back of. And at the end of the day they would be swapping from being part of the UK and having quite a large say in matters to being a satelite of the EU with very little weight.
There is also the problem that Scotland has no relevant financial services sector. Their largest banks went bust and are now owned by the UK taxpayers, they couldn't afford to buy them back. The fund management industry is not there to service local wealth but mainly UK, so what will happen to this over time?
Nor is industry a key element of the economy. In terms of classification, you would tend to group Scotland in as a fishing/farming/agricultural economy much like Ireland, Portugal, Spain, Greece et al were/are. Industry takes time to build up and as Ireland found the rapid, synthetic growth of a financial services sector will have powerful ramifications.
The services industry contains a lot of business from England, such as various financial back offices. It may prove very difficult for firms to maintain back offices in a separate country operating under different regulatory bodies etc. Plus, there will be the cultural tendency to put this type of business back into England.
Tourism is important but again, difficult to expand.
It is inconceivable to allow Devolution Lite. The whole of the Western World has learnt harshly the costs of allowing a country to control its own finances while being underwritten by another. It has to be full devolution.
Can the Scottish people make full devolution work? Well, there is absolutely no credible reason to suggest they couldn't.
Will it be easy? No, it will be immensely hard as the initial shortcomings will be covered by increasing debt until the burdon of that debt leads to a re-basing. There will be a lot of blood and guts before it all settles down.
The PH post is very eloquently written, however he completely missed the energy industry and specifically theoil industry which is worth billions in tax revenue which would go some way to balancing the books.kenny wrote:Utter insanity, we will be bankrupt within 10 years.
We have no energy security, Salmonds belief in renewables is totally deluded. We currently generate 13% via hydro which is the only viable renewable, that can be extended to 18% but that's it. Fcking windymills aren't going to make up the missing 82% when a nice arctic high pressure system settles over the country and we freeze our balls off with no electricity for days/weeks. Salmond has shortsightedly ruled out nuclear and the eco-wombles will stop any new coal or gas fired power stations. So that leaves us importing energy at great cost to the tax payer.
Do you think they will let us walk away without taking a share of the national debt?
What about the armed forces, who gets that?
What about our disproportionately high public sector workforce?
If we do vote for independence then most likely we will spend the next 10 years arguing about who gets what, in the end we will all (Scots, English, Welsh & N. Irish) be much worse off.
Post stolen from Pistonheads, but it's nail>>head
To reiterate, if you vote for independence you are consigning the country to the kind of financial ruin that will make the greeks look like very responsible fiscal conservatives.An issue for the Scottish is that no country has ever changed currency and not had inflation. The Scottish economy is not currently well suited to coping with a sudden spike in inflation and the upwards jolt of their new interest rates that would occur. There is also the matter of the new credit rating for independent Scotland? This could be very poor meaning that borrowing costs spiral rapidly out of control.
The solution would be to join the Euro to obtain funding stability, but in essence this is worse currency change which all previous new members have suffered enormour inflation on the back of. And at the end of the day they would be swapping from being part of the UK and having quite a large say in matters to being a satelite of the EU with very little weight.
There is also the problem that Scotland has no relevant financial services sector. Their largest banks went bust and are now owned by the UK taxpayers, they couldn't afford to buy them back. The fund management industry is not there to service local wealth but mainly UK, so what will happen to this over time?
Nor is industry a key element of the economy. In terms of classification, you would tend to group Scotland in as a fishing/farming/agricultural economy much like Ireland, Portugal, Spain, Greece et al were/are. Industry takes time to build up and as Ireland found the rapid, synthetic growth of a financial services sector will have powerful ramifications.
The services industry contains a lot of business from England, such as various financial back offices. It may prove very difficult for firms to maintain back offices in a separate country operating under different regulatory bodies etc. Plus, there will be the cultural tendency to put this type of business back into England.
Tourism is important but again, difficult to expand.
It is inconceivable to allow Devolution Lite. The whole of the Western World has learnt harshly the costs of allowing a country to control its own finances while being underwritten by another. It has to be full devolution.
Can the Scottish people make full devolution work? Well, there is absolutely no credible reason to suggest they couldn't.
Will it be easy? No, it will be immensely hard as the initial shortcomings will be covered by increasing debt until the burdon of that debt leads to a re-basing. There will be a lot of blood and guts before it all settles down.