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Deleted member 18588
Guest
Well if they are getting away debt free then that's better than having a few tatty old ships or planes lol. They will probably be better equipped after 5 years than the Uk lol
Especially as the rUK debt levels would rise substantially as there would be less to pay it off. Plus if the iScotland were to lower the VAT rate and duty on goods even by a small percentage they will boost their economy with the influx of Northern English looking to save. Just like the Irish do into Northern Ireland for goods and the Northern Irish do into the Republic for fuel.
Plus if they get into Europe the rUk cannot restrict the transportation of goods into iScotland via rUK roads either.
Where do you get the idea that an independent Scotland would start with a clear balance sheet? There will, aside from anything else, be outstanding debt on infrastructure.
Plus the current time is not a good one to be citing any advantages to be gained by copying the Republic's economy. In any event it is very difficult to see how a country whose economy is going to apparently based upon one shrinking resource, oil, can afford to reduce VAT & duty levels. Particularly as, sterling or euro, it will not have control of its fiscal policy.