Salmond "We can take Scotland in two weeks"

[BrilloPad]

Scottish independence would be a 'cataclysmic' shock for UK economy, warn global banks | Mail Online
[I]

Presumably the same banks who said they were too big to fail?

[Mich the Tester]

Presumably the same banks who said they were too big to fail?

Indeed, there is a slight problem with financial 'experts', banks and former prime ministers/chancellors predicting what will happen if Scotland becomes independent; given the mess of the last 6 or 7 years, nobody really has any reason to believe anything they say about economics.

[minestrone]

Scottish independence would be a 'cataclysmic' shock for UK economy, warn global banks | Mail Online

It came as it emerged David Cameron has pleaded with business chiefs to publicly warn against Scottish independence.

The Prime Minister asked company bosses at a Downing Street drinks event last night to 'highlight the dangers of a Scottish exit in any way we can'.

Among those who attended last night’s reception at Number 10 included Sir Richard Broadbent, the chairman of Tesco and Baroness Brady, the West Ham United vice-chairman.

I wonder who paid for that wee party?

I would like to see David Cameron walking down Sauchihall Street trying to convince punters they should stay with the Eton elitists

As usual they will be in a closed room with their own supporters. Why not debate with Alex Salmond on the TV too?

You are the one constantly bigging up this business for Scotland mob, in reality they are a bit of a joke, not one PLC director, half of them don't even have a directorship and a few of them are failed SNP councillors.

[jemb]

There are risks, but I really think it will muddle through and Spain and possibly Belgium will be whipped into line. Once the CU / sterlingisation / renege on the debt silly buggers games stop.

Risks. That's the issue.
The EU aren't going to give Scotland a rebate - everyone will want one.

Scotland isn't going to get any favours, because of the Auld Alliance or because we love to see England lose as much as the Germans.
The Germans and French will bend over backwards to ensure that the UK remains in Europe - it's too big to lose.
Scotland? Salmond says we'll have more clout independently, he's truly an arse sometimes.

The Currency Union will be decided on politics and what is best for the RUK, Scotland will have chosen to leave the UK - we'll have no influence over that decision.

[eek]

You are the one constantly bigging up this business for Scotland mob, in reality they are a bit of a joke, not one PLC director, half of them don't even have a directorship and a few of them are failed SNP councillors.

I wouldn't worry about it. The business for Scotland mob will be the biggest employers in Scotland soon enough (most other companies will have no choice but to leave)....

[minestrone]

Indeed, there is a slight problem with financial 'experts', banks and former prime ministers/chancellors predicting what will happen if Scotland becomes independent; given the mess of the last 6 or 7 years, nobody really has any reason to believe anything they say about economics.

The banks will move, there is no question of that, assets will be moved, there is no question of that. The amount of money that is contained in Scotland whether it be invested directly or managed by companies in Scotland will drop.

[Batcher]

You are the one constantly bigging up this business for Scotland mob, in reality they are a bit of a joke, not one PLC director, half of them don't even have a directorship and a few of them are failed SNP councillors.

There are 1400 businesses signed up, most of them SMEs and Entrepreneurs. I don't know them all so couldn't say if any are PLC directors or not. They may be a joke to you but they outgunned CBI Scotland a few times recently. They forced the CBI into declaring they were with the No campaign with the Electoral Commison and then they withdrew after companies started to resign their membership. Then they had to massively scale down their dinner with David Cameron as it was a Better Together function and they had to keep the cost below £10k

Which ones are the failed SNP councillors?

[Old Greg]

Risks. That's the issue.
The EU aren't going to give Scotland a rebate - everyone will want one.

Scotland isn't going to get any favours, because of the Auld Alliance or because we love to see England lose as much as the Germans.
The Germans and French will bend over backwards to ensure that the UK remains in Europe - it's too big to lose.
Scotland? Salmond says we'll have more clout independently, he's truly an arse sometimes.

The Currency Union will be decided on politics and what is best for the RUK, Scotland will have chosen to leave the UK - we'll have no influence over that decision.

Risks indeed, but I reckon Scotland will get some favours - unless Spain really throws their toys out of the pram. The reqirement to join Schengen will probably be waived, as it's bloody daft not to have Scotland in the CTA, and the requirement to join a Euro adoption path will probably be waived as there's already a model for exempted states. I have no idea about the rebate...

[Batcher]

Risks. That's the issue.
The EU aren't going to give Scotland a rebate - everyone will want one.

Scotland isn't going to get any favours, because of the Auld Alliance or because we love to see England lose as much as the Germans.
The Germans and French will bend over backwards to ensure that the UK remains in Europe - it's too big to lose.
Scotland? Salmond says we'll have more clout independently, he's truly an arse sometimes.

The Currency Union will be decided on politics and what is best for the RUK, Scotland will have chosen to leave the UK - we'll have no influence over that decision.

I think you just made that bit up. Links?

[DodgyAgent]

The banks will move, there is no question of that, assets will be moved, there is no question of that. The amount of money that is contained in Scotland whether it be invested directly or managed by companies in Scotland will drop.

They will also not be able to borrow money at decent rates and nor will they be able to set their own interest rates. They will either have to raise taxes or cut public spending. As they will not have anyone in government they will have even less power over their own country as they do now.