Salmond "We can take Scotland in two weeks"

[EternalOptimist]

As long as that motorway isn't the M8 between the two major cities in Scotland. It's basically a dual carriageway and becomes the A8 still at points.

Another example of Scotland missing out while they look at spending £18 Billion on HS2 to shave 10 minutes off a train journey between Birmingham & London.

That's good. you get called out on threatening to renage on a debt and getting another sovereign nation to subsidise your green credentials. and your defence is to whine about someones train set
freeloaders. and now trainspotters

[Batcher]

You *think* it will happen. What makes you *think* it will happen? Salmond?There is no benefit to the RUK tying themselves to a Scotland with totally different fiscal tax and spend policies and different borrowing requirements.
It makes no sense.

You are also ignoring the political aspect of this.
Labour - committed to a NO CU as part of their manifesto
Tories - committed to a NO CU as part of their manifesto
Lib dems - who gives a fu*k.

Guys, vote Yes with your eyes wide open.

Oops, you did it again The YES campaign isn't just SNP and Alex Salmond.

They said NO CU as part of a strategy of fear to the Scots. It may not happen but it's my gut feeling it will.

How many times have those parties put something in their manifestos and then forget about them when they get power?

[centurian]

Mark Carney said it was in the context of the three main parties of Westminster saying they would not agree to a CU. I think it will happen once the talks start in earnest

What Mark Carney means is, a CU is perfectly viable if either

a) rUK agrees to underwrite all future Scottish debt
b) Scotland agrees to strict spending controls dictated by Westminster, probably with punitive sanctions, like forfeiture of oil fields.

In the current political context, neither of those things will happen.

[Old Greg]

I'm aware Ireland is in the Euro. But they also had a currency union with the Uk for sixty odd years, ending in 1979.

Simple question, what sovereign or economic powers did Ireland surrender to the UK ?

This in absolutely false and is yet another example of nationalist bulltulip / ignorance on currency.

Ireland used sterling between 1922 and 1928, and of course it had limited sovereignty, as it could not set its own interest rates. It introduced its own currency in 1928, which it pegged to sterling. Do you understand the difference?

[jemb]

I'm aware Ireland is in the Euro. But they also had a currency union with the Uk for sixty odd years, ending in 1979.

Simple question, what sovereign or economic powers did Ireland surrender to the UK ?

Moving on.....Imagine for a minute that Scotland votes yes and oil revenues (or 86.x %) of them stay in Scotland.

This has a clear effect on rUK balance of payments. Agreed ?

Next, consider that Scotland is England's second biggest export market (I seem to recall a figure of £50 billion per year, but I may have got that wrong). So, as well as the strength of the pound being slightly undermined by the loss of oil and gas taxation, rUK will take the DELIBERATE step of sticking an obstacle in the way of THEIR OWN exporting companies and employers, for dogmatic reasons.

You really believe that will happen ??

There will be no CU, your argument, is essentially the Yes vote one. You ignore the fact that the economies of two countries with different fiscal requirements will be trying to manage a single currency. Differing macro ecomonic forces will be driving the cost of borrowing, interest rates etc.

It's not dogma just because you don't like it, it's economics and politics. You can stamp your feet as much as you like. There will be no CU.

The UK is forecast to be the biggest economy in Europe by 2030. the RUK can ride this one out and may make that target in 2033.


.......

The Irish used the punt , and really is not comparable given that it came out of a settlement from the 1920s. If you want to see how that worked out look at the state of employment in Ireland in the 20s and 30s.
...and it wasn't a CU

[EternalOptimist]

The UK is forecast to be the biggest economy in Europe by 2030. the RUK can ride this one out and may make that target in 2033.

Thats the spirit by jingo !

we'll teach these bl**dy foreigners whats what, what ?

better together eh ? now come on, you scots wallahs. You've had your tantrum and made yer point. now fix bayonets, and foller me

[Batcher]

The Irish used the punt , and really is not comparable given that it came out of a settlement from the 1920s. If you want to see how that worked out look at the state of employment in Ireland in the 20s and 30s.
...and it wasn't a CU

What was the state of employment in the UK like in the 20s & 30s? Or the USA ? Why was that period in time called the great depression?

[TestMangler]

Thats the spirit by jingo !

we'll teach these bl**dy foreigners whats what, what ?

better together eh ? now come on, you scots wallahs. You've had your tantrum and made yer point. now fix bayonets, and foller me

That's a great forecast. Is it like the one your previous chancellor made about balancing the budget deficit in 2014/15 ?

[EternalOptimist]

That's a great forecast. Is it like the one your previous chancellor made about balancing the budget deficit in 2014/15 ?

What what ?

[Goatfell]

If you want to see how that worked out look at the state of employment in Ireland in the 20s and 30s.
...and it wasn't a CU

I think you'll find it was pretty fewkin' disasterous in a few other places too...