Salmond "We can take Scotland in two weeks"

[minestrone]

Standard Life have basically said they will move if there is a yes vote.

Salmond says they are bluffing.

[Unix]

Sir Paul Collier, Professor of Economics at the Blavatnik School of Government at Oxford University, said an independent Scotland would be entitled to only its UK population share of North Sea oil and gas revenue - 8% - and not its geographical share of 90% which the SNP Government insists it would be entitled to.

If that's the case then we can head over to the US and claim our share of all their resources from when they split from the UK.

[Unix]

Standard Life have basically said they will move if there is a yes vote.

Salmond says they are bluffing.

I agree they are bluffing. It will cost them a fortune to relocate and hire all new staff or relocate existing staff. For what reason? They could end up paying less tax in an Independent Scotland.

[Old Greg]

Yep except that it didn't take Ireland 10 years to recover but nearer 80

As I said, there birth pangs were greater, and also their economic position compared to UK was significantly worse.

[BlasterBates]

hmm doesn't look good for Scotland if they vote yes

http://http://www.bloomberg.com/news...b-q-chief.html

Probably hit rUK as well.

There's absolutely no certainty at all on Scotland remaining in the EU simply because countries like Spain and one or two others are worried about splits in their own countries, so would slap them down.

[The Spartan]

Oil is a scarce resource and as it becomes more scarce the price will go up. This is simple economics. Also Scotland HAS oil, to have oil at all is a bonus. There are many untapped areas in Scotland that could prove very lucrative (west coast once Trident is gone).

Also see this
Why an independent Scotland could become the richest country on Earth - Comment - Voices - The Independent

Sorry but I've heard that for years as well as oil is going to run out in X years, point being if no one uses oil there will be no one buying it (highly unlikely at the moment I know). There is nothing that makes Scottish Oil more special than say Saudi oil etc what companies care about it money and if the costs are too high to extract it they'll go elsewhere unless incentivised.

[Old Greg]

I agree they are bluffing. It will cost them a fortune to relocate and hire all new staff or relocate existing staff. For what reason? They could end up paying less tax in an Independent Scotland.

So they are pretending they will move to England because they don't want a situation where they'll be better off in iScotland?

[tomtomagain]

If that's the case then we can head over to the US and claim our share of all their resources from when they split from the UK.

No. Because the split wasn't voluntary.

However the original point is a good one. If Scotland chooses to separate then everything, including the oil, will be up for negotiation.


On a plus point for us IT contractors though .... just think how many IT projects are going to have to be executed to prise Scotland out of the UK. We'll be on an IT gravy train for the next decade!

How on Earth do you split the UK Army? That must be a massive undertaking in its own right. Setting up an entirely new tax collection system ... doesn't bear thinking about.

[JustinTime]

I agree they are bluffing. It will cost them a fortune to relocate and hire all new staff or relocate existing staff. For what reason? They could end up paying less tax in an Independent Scotland.

Council Directive 95/26/EC of 29 June 1995

The same one that will impact RBS, and any other financial with an HQ in Scotlandshire.
HTH.

[Flashman]

1. Scotland votes YES.
2. Cameron gets the sack.
3. The Libdums all but disappear.
4. Labour loses 50 MPs.
5. Farage wins enough to join a coalition.
6. England leaves the EU.

Am I the only one who will open a very large bottle of Champagne to celebrate?