Scotland's new currency

[MicrosoftBob]

Surely if they hate the English as much as they claim they'd want to vote No just to be annoying

[scooterscot]

No currency unions means that Scotland will be debt free because there is no way it would ever assume any of the GBP denominated debt, so stupid Osborne in effect accepts that this would be the case.

So Scotland will be the country with zero debt and currency backed by oil and low tax regime for ex-City Banks...

WHS + 1

[Gibbon]

No currency unions means that Scotland will be debt free because there is no way it would ever assume any of the GBP denominated debt, so stupid Osborne in effect accepts that this would be the case.

So Scotland will be the country with zero debt and currency backed by oil and low tax regime for ex-City Banks...

And no capital reserves or credit history to access the money market!

There is a reason porkie wants a currency union and it's not a soft spot for the english.

[scooterscot]

And no capital reserves or credit history to access the money market!

With no debt why is access to the money market required?

[Ticktock]

No currency unions means that Scotland will be debt free because there is no way it would ever assume any of the GBP denominated debt, so stupid Osborne in effect accepts that this would be the case.

So Scotland will be the country with zero debt and currency backed by oil and low tax regime for ex-City Banks...

WHS + 1

Hopefully the will have an understanding of economics that is better than you two.

If you really think that using the GBP while not being in currency union will mean things are all bright and rosy, then you've missed a few points.

[AtW]

And no capital reserves or credit history to access the money market!

They'll sell oil for their own currency thereby creating demand for it - EUR and USD only ...

[The Spartan]

The whole thing is basically just a Scotland v England battle

[AtW]

If you really think that using the GBP while not being in currency union will mean things are all bright and rosy, then you've missed a few points.

They won't use GBP - they already print their own "pounds", so infrastructure for their own currency is already in place - just need to make them look at bit less cheap then they are now ...

[VectraMan]

And no capital reserves or credit history to access the money market!

UK keeps its AAA rating; Scotland has to start from ZZZ (or whatever it is) with all the credit worthiness of Zimbabwe (which I think is currently using 6 currencies, none of them their own).

[scooterscot]

The whole thing is basically just a Scotland v England battle

How come England take so long to join the battle?