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Scottish Referendum Part 2 - Electric Boogaloo

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    Originally posted by BlasterBates View Post
    That's what they said about Ireland, but they weren't.

    They were growing at around 9% in the last year or so.

    Scotland will be immensely successful with the right policies. Sturgeon has made an excellent point that the Scottish government is not in control of economic policy, the UK is.
    The bits that Holyrood are in control of are a complete shambles. They've managed to increase the deficit pro-rata to what it would have been under Whitehall's control.

    You can also guarantee that an SNP-based Scottish government will be public sector heavy, which isn't a great idea for the economy. That's without all the jobs that would need to head south to remain within the parent country.
    The greatest trick the devil ever pulled was convincing the world that he didn't exist

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      Originally posted by shaunbhoy View Post
      Ruth Davidson: 'Scots do not want a referendum' - BBC News


      Indeed. When will the Scottish Natzis start governing for ALL the people of Scotland instead of the hysterical minority? Fooking embarrassment!

      While I quite like her, that's just her pushing her own view as Nicola does hers. SNP have every right to request a referendum regardless of popular support, that's the whole point of an elected government. Then when the referendum shows Scotland want to stay, they'll have to shut up or may well get voted out once everyone is fed up with the whole thing.
      Originally posted by MaryPoppins
      I'd still not breastfeed a nazi
      Originally posted by vetran
      Urine is quite nourishing

      Comment


        Originally posted by LondonManc View Post
        The bits that Holyrood are in control of are a complete shambles. They've managed to increase the deficit pro-rata to what it would have been under Whitehall's control.

        You can also guarantee that an SNP-based Scottish government will be public sector heavy, which isn't a great idea for the economy. That's without all the jobs that would need to head south to remain within the parent country.
        Scotland is one of the wealthier regions of the UK. Average earnings in Scotland are higher than most parts of England and Wales. London is the anomaly that skews the earnings statistics. The idea that Scotland is a basket case is an exaggeration.

        I don't think an independent Scotland will have a problem.
        I'm alright Jack

        Comment


          Originally posted by BlasterBates View Post
          Scotland will be immensely successful with the right policies.
          I'd have a lot of sympathy for Scotland (not so much the SNP) if they chose independence. However, the economic arguments are weak. There's no skirting the enormous deficit and transfer of wealth from England (London) to Scotland. This supports a much higher standard of public services in Scotland than would otherwise be possible. The block grant is far more generous than the tax revenues Scotland could generate for itself. Sure, the Scottish government could adopt different policies, but structural changes of that magnitude would take years, perhaps decades. No, the arguments for independence may be reasoned, but Scotland will need full sight of the economic pain coming their way. For Scotland, the economic risks are on a completely different scale than the UK leaving the EU. They would be absolutely hammered in the financial markets and they have no hope of meeting the criteria for joining the Euro. They would need a leap of faith on a political settlement with the EU, should membership become their objective, because the EU would not (and cannot) agree a compromise upfront. Alternatively, reliance upon Sterling (and hence the BoE) would embed massive structural imbalances at precisely the time when Scotland would need flexibility. It would be damaging for the rUK, no doubt, but devastating for Scotland.

          Comment


            Originally posted by LondonManc View Post
            So what currency will they use? I can't see her being allowed near Sterling.
            Scottish pounds.

            They just need to create a Centre Bank.
            "You’re just a bad memory who doesn’t know when to go away" JR

            Comment


              Originally posted by BlasterBates View Post
              Scotland is one of the wealthier regions of the UK. Average earnings in Scotland are higher than most parts of England and Wales. London is the anomaly that skews the earnings statistics. The idea that Scotland is a basket case is an exaggeration.

              I don't think an independent Scotland will have a problem.
              That's in part due to the high percentage of public sector jobs up there, especially at tax centres like Cumbernauld (which would have to move south of the border in the event of a Scexit).
              The greatest trick the devil ever pulled was convincing the world that he didn't exist

              Comment


                Originally posted by jamesbrown View Post
                I'd have a lot of sympathy for Scotland (not so much the SNP) if they chose independence. However, the economic arguments are weak. There's no skirting the enormous deficit and transfer of wealth from England (London) to Scotland. This supports a much higher standard of public services in Scotland than would otherwise be possible. The block grant is far more generous than the tax revenues Scotland could generate for itself. Sure, the Scottish government could adopt different policies, but structural changes of that magnitude would take years, perhaps decades. No, the arguments for independence may be reasoned, but Scotland will need full sight of the economic pain coming their way. For Scotland, the economic risks are on a completely different scale than the UK leaving the EU. They would be absolutely hammered in the financial markets and they have no hope of meeting the criteria for joining the Euro. They would need a leap of faith on a political settlement with the EU, should membership become their objective, because the EU would not (and cannot) agree a compromise upfront. Alternatively, reliance upon Sterling (and hence the BoE) would embed massive structural imbalances at precisely the time when Scotland would need flexibility. It would be damaging for the rUK, no doubt, but devastating for Scotland.

                Pretty much sums up my POV, also.

                I have tried, in vain, to explain just this to the likes of scooter before
                The Chunt of Chunts.

                Comment


                  Originally posted by MrMarkyMark View Post
                  Pretty much sums up my POV, also.

                  I have tried, in vain, to explain just this to the likes of scooter before
                  Blaster's usually quite sharp, but he's struggling with the idea of Scotland not succeeding too.
                  The greatest trick the devil ever pulled was convincing the world that he didn't exist

                  Comment


                    Originally posted by jamesbrown View Post
                    However, the economic arguments are weak. There's no skirting the enormous deficit and transfer of wealth from England (London) to Scotland. This supports a much higher standard of public services in Scotland than would otherwise be possible. The block grant is far more generous than the tax revenues Scotland could generate for itself.
                    Doesn't everywhere other than London operate at a net 'loss' and get subsidy from central government?
                    Originally posted by MaryPoppins
                    I'd still not breastfeed a nazi
                    Originally posted by vetran
                    Urine is quite nourishing

                    Comment


                      Originally posted by jamesbrown View Post
                      I'd have a lot of sympathy for Scotland (not so much the SNP) if they chose independence. However, the economic arguments are weak.
                      No more weaker than they are for the rUK which borrows billions every year from international lenders. The UK cannot afford to be an independent country.
                      "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

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