IndyRef2 : This time it's war!

[Batcher]

And how is the Scottish Government going to create a Central Bank capable of acting as a bank of last resort for a big city firm.

https://www.commonspace.scot/article...nvestment-bank

[eek]

https://www.commonspace.scot/article...nvestment-bank

Do you know what a bank of last resort is and what it needs to be able to do? That investment bank is many things its not what you need if you want to move the City of London to Edinburgh...

[Batcher]

I still don't get what the "Out" Scots want. To leave the Uk, only to replace the largely benign Uk government with the EU? To lose the funding from the Uk, alongside a long-term collapse in oil price? To lose tens of thousands of Uk public sector jobs while only having three people and dog working in the private sector?

UK government is not benign. The act of union was supposed to be a political union between two equal nations. Scotland is not treated as an equal. We would be an equal independent nation in the EU and would have our turn at holding the presidency. We are inside the EU until Brexit happens so we would continue as members substituting UK with Scotland.- EU's chief Brexit negotiator agrees with Nicola Sturgeon that independent Scotland would gain automatic entry - Daily Record

The oil price has gone up again and anyway, we are the only nation to have oil and yet be apparently poorer for it.

The SNP want to scrap Trident, along presumably with the thousands of supporting jobs on the Clyde.

520 jobs actually and they would be retained as a Scottish Navy would be required to patrol the coast. FactCheck: should we scrap Trident?

Fine, if Scotland wants to leave, then let them go. I just don't see what they expect their future to look like, other than bleak and impoverished.

We won't be bleak and impoverished. As Nicola said today:

"We are one of the wealthiest nations on earth.

We are rich in natural resources.

We are world-leaders in life sciences, technology and renewables.

We are at the cutting edge of advanced manufacturing.

In tourism, and in food and drink we are unrivaled.

Our foundations are strong.

So if the choice we face is an inward looking, insular, Brexit Britain, governed by a right wing Tory party, obsessed with borders and blue passports at the expense of economic strength and stability -

Or a progressive, outward looking, internationalist Scotland, able to chart our own course and build our own security and prosperity, then know this -

- that is a case we will win."

[Batcher]

Do you know what a bank of last resort is and what it needs to be able to do? That investment bank is many things its not what you need if you want to move the City of London to Edinburgh...

Yes I do know what a lender of last resort is. Plans are afoot to look at setting one up as well as a stock exchange in Edinburgh. If Scotland gets independence and stays in the EU, therefore holding the banking passport, financial services will move to Scotland in droves.

[eek]

Yes I do know what a lender of last resort is. Plans are afoot to look at setting one up as well as a stock exchange in Edinburgh. If Scotland gets independence and stays in the EU, therefore holding the banking passport, financial services will move to Scotland in droves.

[jamesbrown]

https://www.commonspace.scot/article...nvestment-bank

A national investment bank is a mechanism to funnel (waste) government spending on infrastructure and other pale shades of elephant. A central bank is responsible for money supply, financial stability, and regulation of commercial banks. You need a currency for starters. It's like comparing a deep-fried Mars Bar with an 8-course menu at the Ritz.

[Batcher]

video

If you think the UK will retain the banking passport when the EU27 want to punish them then you are dreaming. London will lose it's financial centre to other places within the EU. Hopefully Scotland will be one of them.

[Batcher]

A national investment bank is a mechanism to funnel (waste) government spending on infrastructure and other pale shades of elephant. A central bank is responsible for money supply, financial stability, and regulation of commercial banks. You need a currency for starters. It's like comparing a deep-fried Mars Bar with an 8-course menu at the Ritz.

It's a start to stop wasting public money like Labour and Tories did with PFI deals

£30 billion: The cost of Labour's toxic PFI legacy to Scotland (From Herald Scotland)

[Batcher]

Spain won't allow it, as they have their own separatist movement to discourage.

You really should stop reading the Daily Fail

Wee Ginger Dug: Don't be misled – Spain has never vowed to veto Scottish membership of the EU | Comment | The National

[eek]

If you think the UK will retain the banking passport when the EU27 want to punish them then you are dreaming. London will lose it's financial centre to other places within the EU. Hopefully Scotland will be one of them.

There are very differing ideas as to how much the passport is worth....