Scotland's new currency

[MicrosoftBob]

I don't think anyone would hamper a higher taxes for better services. Too much of the money generated in Scotland goes towards events in the UK's interests that having nothing to do with the interests of residents in Scotland. Illegal wars for example...

That was your Scottish MP that Mr Blair that was responsible for the illegal wars

[The Spartan]

Too much of the money generated in Scotland goes towards events in the UK's interests that having nothing to do with the interests of residents in Scotland. Illegal wars for example...

Again you're talking through your rear, how was it anyone's interests in the UK to start an illegal war do you not realise that the majority of public opinion was against it. So no one in the rest of the UK contributed towards the cost then?

[woohoo]

I think the point is missed. Many undecided voters would have had 'devo max' in a heartbeat. Today George has offered those voters this option. He says look use the pound if you want (nothing / nobody can stop nobody using the currency of their choice) whilst you control your own taxes etc, but you'll not have a say in policy.

Economically Scotland is currently outperforming the rest of the UK at the minute, low interest rates shall only fuel this growth.

I'll bet you the Yes folk will see growth over the next month. It's probably what George wants in the first place.

I hope the Scottish do vote yes, it would be interesting to see how they get on.

Just a couple of really naive questions...

I've read that the oil potential in Scotland has been over estimated by the SNP, but what happens when the oil runs out, can Scotland survive without it?

I've also read that Scotland financial industry is over sized for a small country, so it would be impossible for Scotland's tax payers to support their finance sector if their was a crash again. They would have to rely on the rest of the UK to backup their finance sector, is this true or just scaremongering?

[scooterscot]

Again you're talking through your rear, how was it anyone's interests in the UK to start an illegal war do you not realise that the majority of public opinion was against it. So no one in the rest of the UK contributed towards the cost then?

Call that a democracy do you?

[The Spartan]

Call that a democracy do you?

Now I don't call it that at all and neither would the families of my friends who lost their lives either

[MicrosoftBob]

Call that a democracy do you?

You mean like a Labour party that gets in because of Scottish voters imposing Scottish prime ministers like Gordon Brown who bankrupt the nation

[VectraMan]

I've also read that Scotland financial industry is over sized for a small country, so it would be impossible for Scotland's tax payers to support their finance sector if their was a crash again. They would have to rely on the rest of the UK to backup their finance sector, is this true or just scaremongering?

We gave an extra bail out to Ireland a few years ago, which was somewhat controversial at the time. But with our historic and culture links to Ireland, and geography, it was certainly in the UK's interests not to have Ireland go bust. The same applies 10 times over with Scotland. The UK would be bailing out a bankrupt Scotland for sure.

[scooterscot]

I've read that the oil potential in Scotland has been over estimated by the SNP, but what happens when the oil runs out, can Scotland survive without it?

So happens I support clients in O&G. In the last 30 or 40 years the easy stuff is more or less extracted. That is the stuff where you pop a hole in seabed that's only a few feet below the waves and you're fighting to hold the black stuff back.

The other stuff, HTHP, High Temperature High Pressure exists in vast quantities to see out the next 50 years. Petroleum companies know this, that's why there's so much investment at the minute. I've been working on a project designed for the next 30 years.

The problem with this stuff is risk. The technology required to extract it is still in development. But the rewards are known.


Could not comment on the financial sector, no experience.

[doodab]

Why is the rUK now so concerned for the future of Scotland's wellbeing? They've never shown this much interest in the last 30-40 years.

I'm not, I'm concerned about knock on effects on the rest of the UK. A currency union with Scotland against a background of fiscal and political seperation would be bad for both countries.

[scooterscot]

I'm not, I'm concerned about knock on effects on the rest of the UK. A currency union with Scotland against a background of fiscal and political seperation would be bad for both countries.

Have we not been a union for the past 300 years?

Have we not been using the same currency for the past 300 years?

Is this already not a currency union?