So who's right then?

As I understood it Scotland currently is in annual deficit to the UK. (about 10bn)

Surely when/if you leave there will be no hole in rUK income requirements as we will save more in spending on Scotland than we lose in revenue from Scotland.

Feel free to correct me I have not read all the posts

Machine head - you're coming away with the same as every other yesser

No offence but you clearly have no concept of finance or business! Now: BMW 640d M Sport, Alpine White
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Well, if the Scottish economy is going to crash, and monetary union is ruled out, I figure that means high class malt whisky will get cheaper based on the exchange rate. Shame I don't get a vote

More pragmatically, I don't understand, nor do I care who governs which part of the UK. I can't stand that Obama but I still like and visit America. Won't make one iota of difference either way if Scotland becomes independent of Westmister. These politicians really do have an inflated view of their self importance. Will daybreak not come? Will the Earth stop revolving? Will it

MachineHead wrote:

The uk can pay its debts WITH Scottish income included, once Scotland leaves with their proportion of debt the rest needs to be funded by Westminster ruk alone

andy180 wrote:

Machine head - you're coming away with the same as every other yesser

No offence but you clearly have no concept of finance or business!

Yes....

http://www.telegraph.co.uk/news/uknews/sco...plans.html

An independent Scotland will not be able to keep the pound because it will be “incompatible with sovereignty”, the Governor of the Bank of England has said.
Mark Carney compared the prospect of Scotland using the pound to the problems faced by many European countries that have unsuccessfully adopted the euro.
His comments will come as a major blow to Alex Salmond, the leader of the SNP, who has insisted that an independent Scotland would be able to keep the pound.



His forthright comments will be welcomed by Downing Street and will fuel criticism of Mr Salmond’s economic plans for an independent Scotland in the wake of a Yes vote in next week’s referendum.
Mr Salmond has repeatedly refused to say what his “Plan B” is in the event Westminster refuses to grant a formal currency union with an independent Scotland.
George Osborne, the Chancellor, this week said: "No ifs no buts – we will not share the pound."


So getting back to PLAN B.....

Last edited by Gazellio @ Prestige Cars on 9th Sep 2014 7:35pm. Edited 1 time in total

Trommel - If I value my country? really that's the line you're taking now?

If it's no great loss to Westminster and rUK if we are so stupid we are taking a decision on our future that clearly you understand better than anyone then why not just let us get on with it?

I don't need to call you names, suggest you are unintelligent, do not understand, insane, stupid or anything else because I know enough to know better. Sadly you have stopped debating an issue and moved into dictating and impolite comments which does not do anything other than highlight your anger toward an opinion other than yours and make your points less weighted and more negative 09 TDV8 Westminster, Mariana Black, Rear seat entertainment, hatch bag and 2 slobbery mutts

MachineHead wrote:

Mikey wrote:

Better than a £110Bn hole to fund every year, hence the whole Yes argument of why Scotland will be better off...

Gazellio @ Prestige Cars wrote:

http://www.telegraph.co.uk/news/uknews/scottish-independence/11084473/Scottish-independence-Mark-Carney-hits-out-at-incompatible-currency-union-plans.html 9th September 2014

An independent Scotland will not be able to keep the pound because it will be “incompatible with sovereignty”, the Governor of the Bank of England has said.
Mark Carney compared the prospect of Scotland using the pound to the problems faced by many European countries that have unsuccessfully adopted the euro.
His comments will come as a major blow to Alex Salmond, the leader of the SNP, who has insisted that an independent Scotland would be able to keep the pound.

Understand it better than anyone? I'd certainly understand it far better if the entire future of my nation was at stake. I don't want to see the union end - it serves all its constituent parts enormously well, they have a far greater impact together than apart, we are largely the same people sharing a very small island (plus the other bit).

I like Scotland, I don't want to see it fail, I don't want damaging and permanent divisions caused for the sake of flag waving. A romantic rather than pragmatic attachment.

Edit - re your Carney comments, you won't get a currency union. Scotland does not subsidise the UK. Look at the bigger picture.

Last edited by Philip on 9th Sep 2014 7:43pm. Edited 1 time in total

Mikey wrote:

MachineHead wrote:

Mikey wrote:

Better than a £110Bn hole to fund every year, hence the whole Yes argument of why Scotland will be better off...

Ok, so we will be better off than rUK.

But where will the extra money come from to fund our deficit?
If the Yes campaign could answer that, I suspect a whole lot more people would be voting yes, but no one can...


But there is a certain appeal of binning the house of lords, HS2, London sewer upgrade, Trident renewal etc

I think this thread highlights the situation here at the moment. People have their opinions and arguments either way and never the twain shall meet.

From my perspective, I'm fiercely proud to be Scottish and I'd love to think that a yes vote would make Scotland a country that could stand on it's own without the UK but I just don't believe it can.

I also find it rather strange that there's so much emphasis on Trident and how much it might save the country billions all of a sudden. The yes campaign are very quick to claim that the better together campaign are jumping on bandwagons when they question yet another unsubstantiated claim, whether it's the NHS, Trident or whatever. Got - 2017 SDV8 Autobiography in Loire Blue
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Trommel wrote:

Understand it better than anyone? I'd certainly understand it far better if the entire future of my nation was at stake. I don't want to see the union end - it serves all its constituent parts enormously well, they have a far greater impact together than apart, we are largely the same people sharing a very small island (plus the other bit).

I like Scotland, I don't want to see it fail, I don't want damaging and permanent divisions caused for the sake of flag waving. A romantic rather than pragmatic attachment.

There are huge, fundamental, unavoidable questions which the Yes campaign has either ignored, glossed over or failed to answer. Economic facts are economic facts. If this was any other political campaign, it would have been wholly discredited from the first week. They have failed abjectly in preparing an adequate plan.

The Yes campaign has already caused social division - if the country really had taken leave of its senses and been sucked in, it will get a whole lot worse, and permanently.

The unanswered question:

What would you say to somebody in Europe wanting to put money (invest) into Scotland at the moment if they ask about how to get their investment back. If you have no £, what is the plan. ?

Based on what Mark Carney has just said I believe this needs to be answered by those supporting the Yes campaign.