Scotland to be given all the powers they would get as part of a currency union anyway

[doodab]

BBC News - Scottish government to receive powers to issue finance bonds

Under the Scotland Act 2012, the Scottish government will be able to borrow up to £2.2bn for major capital projects such as transport infrastructure, hospitals and schools.

The act, which implemented many of the recommendations of the Calman Commission on Scottish Devolution, will come into force in 2015 and will allow the Scottish government to borrow through the UK's National Loans Fund and commercial banks.

In addition to the new borrowing powers, the Scottish government will also be able to set a Scottish income tax rate.

Looks like they won't be leaving debt free after all then....

[scooterscot]

Sneaky bar stewards. We should issue bonds in euros.

Although on a positive note seeding of power has begun. Regardless of the referendum outcome I would expect Scotland to acquire more powers.

Will Wales be issuing bonds anytime soon?

[doodab]

Sneaky bar stewards. We should issue bonds in euros.

I doubt anyone is stopping you although why you'd want to take on the FX risk is beyond me

[barrydidit]

Will Wales be issuing bonds anytime soon?

Timothy Dalton was born in Colwyn Bay.

[scooterscot]

I doubt anyone is stopping you although why you'd want to take on the FX risk is beyond me

Is it not the same risk in seven months time when the foreign land north of England is using a different currency?

[scooterscot]

[QUOTE=barrydidit;1892292]Timothy Dalton was born in Colwyn Bay.

The name's Bond, James Bond. Now shut that door open.

[doodab]

Is it not the same risk in seven months time when the foreign land north of England is using a different currency?

It depends what you're using as a currency doesn't it.

[Wanderer]

Scottish government to receive powers to issue finance bonds

I read that as "Teenager gets given credit card with £2 billion limit by parents, told to spend wisely".

Next thing that happens is teenager maxes out credit card, defaults on payments, gets bailed out by parents and then comes grovelling to parents asking for more credit.

What happens after that depends if the parents are going to spoil the child or give them some tough love....

[scooterscot]

I read that as "Teenager gets given credit card with £2 billion limit by parents, told to spend wisely".

Next thing that happens is teenager maxes out credit card, defaults on payments, gets bailed out by parents and then comes grovelling to parents asking for more credit.

What happens after that depends if the parents are going to spoil the child or give them some tough love....

Yes, we'll be taking spending tips from our parents. Those pillars of fiscal righteousness. Oh je$us... must dash to the loo.

[doodab]

Yes, we'll be taking spending tips from our parents. Those pillars of fiscal righteousness. Oh je$us... must dash to the loo.

Whose that you're talking about? Scottish Gordon? Wasn't he Scottish?

I thought Scotsmen were supposed to be tight as a ducks bottom anyway. Not my experience with my Scottish friends I have to say, they aren't wasteful but they aren't tight.