no-one then
Scotland Debate
- Thread starter Doon frae Troon
- Start date
no-one then
williamalex1
Money List Winner
I agree, we don't like threats.
Adi2Dassler
Journeyman Pro
25/08
JCW
Journeyman Pro
Adi2Dassler
Journeyman Pro
So to clarify, IF Scotland votes YES and HM Treasury in London rules out a currency union, Scotland could still use the £.
All the UK debt will continue to be the UK debt, the treasury have already said so.Scotland wouldn't be walking away from any debt, we'd be removed, by the treasury, from the obligation of contributing to the debt.
Not ideal.
No currency union and removing 5 million users of £ would have some kind of knock-on effect to the value of that currency, so would the value of the £ on international money markets begin to slide?Would the Euro/$/Yen/Rouble become more attractive to the markets?Would The City be seen as attractively as it is now?
No currency union removes all markets in Scotland from the balance of payments, HM Treasury couldn't use oil sales to offset the purchases from international market places, no alcohol duty, no fish or prawns.That's some serious numbers they're prepared to remove from their balance sheet.
And why would we be flexible with Coulport if Westminster shows no flexibilty with the £?
But that's not what Salmond is wanting.He's wanting to carry a proportion of debt.
All the UK debt will continue to be the UK debt, the treasury have already said so.Scotland wouldn't be walking away from any debt, we'd be removed, by the treasury, from the obligation of contributing to the debt.
Not ideal.
No currency union and removing 5 million users of £ would have some kind of knock-on effect to the value of that currency, so would the value of the £ on international money markets begin to slide?Would the Euro/$/Yen/Rouble become more attractive to the markets?Would The City be seen as attractively as it is now?
No currency union removes all markets in Scotland from the balance of payments, HM Treasury couldn't use oil sales to offset the purchases from international market places, no alcohol duty, no fish or prawns.That's some serious numbers they're prepared to remove from their balance sheet.
And why would we be flexible with Coulport if Westminster shows no flexibilty with the £?
But that's not what Salmond is wanting.He's wanting to carry a proportion of debt.
Doon frae Troon
Ryder Cup Winner
Aug 25th BBC.
We had a family get together on Saturday and after our meal there was an interesting debate.
Voices were occasionally raised but we remained polite at all times.
Main issues of disagreement were
Health
Finance
Negativity/ Lies of the naesayers.
Areas of Agreement were
We can afford to be independant if we want to.
England is turning to the right and will continue to do so. We don't want Tory/UKIP leadership.
Results were
SIL Undecided
Daughter 1 Yes
Daughter 2 Nae
Wife Yes
Oldest Grandchild [12] Nae
Me still Undecided.
So by my family debate and poll it will be a draw.
Adi2Dassler
Journeyman Pro
If the first two lines are correct, and not many would disagree, I can't understand why the last sentence should be so?
FairwayDodger
Money List Winner
Sorry for being slow but you'll need to run that by me again. If we're still using the pound, albeit without a formal union, in what sense are 5 million users removed? Is that in some sort of macro-economic sense?
I guess what I would like to know is the impact on the individual. So, for example, my assumption with a currency union is that my savings will be worth the same amount..... but how are they impacted without a union?
FairwayDodger
Money List Winner
On both sides, actually.
Adi2Dassler
Journeyman Pro
Apologies, I was meaning with Scotland not using the £
As for your question on savings, do you mean with scotland still using the £ or not?
FairwayDodger
Money List Winner
I'd guess if we don't use the £ there will be some sort of exchange rate issue and (as ever) associated charges.
In a informal union I suppose my £ is still worth the same but impacted by any difference in inflation in Scotland vs over the border.... and any subsequent monetary policy decisions taken in London.
Val
Ryder Cup Winner
It's not offered in the white paper. The white paper said they look at all options but it said it's preferred option is a union, it doesn't elaborate on the other options.
Adi2Dassler
Journeyman Pro
I have to concede I'm thrown a wee bit by that.I know I've read the options I mentioned above somewhere, and I know it's from The Fiscal Commission, but I've just had a look and can't find it anywhere.
I've checked here> http://www.scotland.gov.uk/Resource/0042/00423466.pdf
and here http://www.scotland.gov.uk/Resource/0041/00414291.pdf but no direct reference to the options I offer are made directly, which has me very confused.Very confused indeed.
But they are the options open to Scotland.Personally, I'd be keen on a new Scottish Currency.
Old Skier
Tour Winner
I stopped when it got to here
"and the only reason terrorists might attack us is because we’re part of the UK."
So it seems that terrorists only attack countries that make up the UK. If people actually believe this they must be off their little swede.
Old Skier
Tour Winner
So does this mean you do not wish an iscot to join the EU.
Adi2Dassler
Journeyman Pro
FairwayDodger
Money List Winner
Adi2Dassler
Journeyman Pro
This is driving me a wee bit demented this aftie, I'm convinced I've heard the jambo make reference to plan b/c/d, and this is the table I've seen him use as reference-
http://yes2014.net/wp-content/uploads/2014/08/planb.jpg
Taken that link from here> http://yes2014.net/2014/08/07/currency-crash-course-plan-a-b-c-d-they-do-exist/
Adi2Dassler
Journeyman Pro
Not FIFA, I notice - good choice!
Waste of cash, we never qualify for their tournament anyway!
Val
Ryder Cup Winner
So it's not in the white paper after all
I know you are all sure he said it somewhere so if that is the case why is he still being so arrogant about using the pound? And I agree if there is a yes there wl be a deal in ace for a union BUT that's not on the cards right now.
