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Hmm who should we believe Martin Gilbert, chief executive of Aberdeen Asset Management who control a trillion in assets or minestrone who's assets are a few empty cans of super- Cali?
...worth pointing out that AAMs FUM would not be based out of Scotland and that he only forsees it being a 'success' if there is a CU.
Another view from Deutsche Bank would result in massive instability and higher borrowing costs.
I think they hysteria is coming from you and the no side. You do know we will still have BOE behind us for 18 months after the vote?
I have a friend who works in Barclays wealth and he says there is no extra activity with capital, it's all media spin.
Only gullible no voters would fall for this obvious stupidity.
I think your friend may work in the kitchens. There is extra activity with capital movement, however most of the contingency work is preparation for Friday if there is a Yes vote. Ask your friend - he should surely know this? Ask him if he's been signing NDAs recently?
It's also worthy noting that Barclays Wealth is not a retail bank - the real impact is movement within the retail sector as that hits public confidence.. Banks are already fielding the 'can you move my cash into a bank in England' calls. The public may not realise that sterling is sterling is sterling, but that's not the point. Once personal cash starts moving, the pressure on the banking sector to ring fence cash in the RUK to demonstrate that it's away from Scotland starts to reinforce Scottish debt as toxic.
A 'Yes' vote will be very very very painful - which shouldn't stop people voting with their heart - but the consequences are real.
A 'Yes' vote will be very very very painful - which shouldn't stop people voting with their heart - but the consequences are real.
There are some nice articles on the economies of Ireland, New Zealand and a few other small nations floating around some of the newspapers. Worth the "Yes" voters reading. In all cases the articles make clear that income and social taxes are much higher in those countries and the issues of relying heavily on exports.
"You’re just a bad memory who doesn’t know when to go away" JR
I think your friend may work in the kitchens. There is extra activity with capital movement, however most of the contingency work is preparation for Friday if there is a Yes vote. Ask your friend - he should surely know this? Ask him if he's been signing NDAs recently?
It's also worthy noting that Barclays Wealth is not a retail bank - the real impact is movement within the retail sector as that hits public confidence.. Banks are already fielding the 'can you move my cash into a bank in England' calls. The public may not realise that sterling is sterling is sterling, but that's not the point. Once personal cash starts moving, the pressure on the banking sector to ring fence cash in the RUK to demonstrate that it's away from Scotland starts to reinforce Scottish debt as toxic.
A 'Yes' vote will be very very very painful - which shouldn't stop people voting with their heart - but the consequences are real.
Painful for all the no voters yes. Voting no without doubt means more tory rule and probably a Boris/Farage government which will regard Scotland as a afterthought.
It's strange there are so many other independent small nations with 10% the resources Scotland have who are successful yet people like you think Scotland will fail. Face it Yes is happening despite the scaremongering, join Team Scotland and become positive rather than putting Scotland down all the time.
Painful for all the no voters yes. Voting no without doubt means more tory rule and probably a Boris/Farage government which will regard Scotland as a afterthought.
It's strange there are so many other independent small nations with 10% the resources Scotland have who are successful yet people like you think Scotland will fail. Face it Yes is happening despite the scaremongering, join Team Scotland and become positive rather than putting Scotland down all the time.
Probably the No voters are thinking of history like this
Please note the article was published in February 2007.
"You’re just a bad memory who doesn’t know when to go away" JR
Probably the No voters are thinking of history like this
Please note the article was published in February 2007.
300 years on we have Oil and various other successful industries in Scotland so there is no chance of that happening. In fact an independent Scotland will be one of the richest countries in the world at the same time knocking the rUK down a few places, hence the onslaught from London.
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