Debt dump worth more than oil

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MicrosoftBob replied

15 April 2014, 11:01
Originally posted by scooterscot View Post

Wait a minute. Does the UK have a nuclear deterrent or not ?

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In theory yes, but in practice not without the permission of Potus
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scooterscot replied

15 April 2014, 10:51
Wait a minute. Does the UK have a nuclear deterrent or not ?

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MicrosoftBob replied

15 April 2014, 10:09
Originally posted by The Spartan View Post

Yeah real clever seeing as they're in the hands of the Armed forces controlled by America

FTFY
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scooterscot replied

15 April 2014, 10:03
Originally posted by The Spartan View Post

Yeah real clever seeing as they're in the hands of the Armed forces controlled by Westminster

Remotely operated WMD! They've got us on a leash I tell you.

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The Spartan replied

15 April 2014, 10:02
Originally posted by scooterscot View Post

Let's do an Iceland and keep the nukes just in case the neighbours get

Yeah real clever seeing as they're in the hands of the Armed forces controlled by Westminster
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scooterscot started a topic Debt dump worth more than oil

15 April 2014, 09:27
Debt dump worth more than oil

Let's do an Iceland and keep the nukes just in case the neighbours get

Makes good sense imo. The city banks generated the debt, and even still the debt is most likely in a currency we don't use.

Dumping a share of the UK's debt would be worth twice as much to an independent Scotland as North Sea oil, academics have said.

It would improve the nation's fiscal balance from an otherwise poor outlook, the Glasgow University report said.

Scottish ministers said it demonstrated Scotland's strong position in the event of a referendum "Yes" vote.

The pro-Union Better Together campaign said only the Scottish government had threatened to "default" on debt.

The report, published by the university's Centre for Public Policy for Regions (CPPR), said a low or zero share of the UK debt would "substantially improve Scotland's fiscal balance" from the otherwise "poor" economic outlook it faced if it took a population-based share of debt if Scotland voted for independence in the 18 September referendum.

BBC News - Scottish independence: Debt dump worth more than oil, says CPPR
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