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Re: Scottish Oil

Posted: Fri Jan 13, 2012 9:57 am
by william
the "Scottish Banks" are scottish in name only - branding exercise - NatWest is part of the RBS group and so are quite a few other 'english' names.

All this poppy about comming out the pound and such dont wash - if scotland needs to come out the pound then scotland comes out the pound. Its only a piece of paper used to pay for items. The US dollar can often be used to pay for items in other countries so money really doesnt matter - its all kiddology from politicians trying to make scotland run scared.....


Why are England so terrified of an independant scotland ?

Its because if scotland break the union then ireland will follow aswell as wales - you will see it crumble. Scotland in its own right has significant resources and would prosper - There are vast oil resources untapped off of the west coast and it enjoys a significant tourist trade aswell.

They did some figures a while back and an independant scotland had quite a march on the south, hence the government is terrified of a break up.

Re: Scottish referendum

Posted: Fri Jan 13, 2012 10:09 am
by spider
You mean Northern Ireland will follow.

The rest of Ireland went in 1921.

Re: Scottish Oil

Posted: Fri Jan 13, 2012 10:45 am
by Peter
william wrote:

> the "Scottish Banks" are scottish in name only -

Just like "Scottish" oil then.


Re: Scottish Oil

Posted: Fri Jan 13, 2012 1:32 pm
by Gusset Sniffer
Divorce will be very messy and cost both sides a lot of money!

Scotland would take about 9% of the UK debt and 85% of oil and gas. The UK defence bases like Faslane in Scotland would need to be closed and moved south. Scotland would need to organise their own defence. Would they have a nuclear deterent? Lots of UK civil service jobs are based in Scotland like HM Revenue & Customs. They will need to be relocated back to the south. It will take years to sort out the mess.

I think currency is vital.

If Scots remain tied to the pound they would have no true independence and practically be dependent on the UK for the management of their economy.

But Salmond says he wants the euro! Which means they will still have no control over interest rates, unable to devalue etc. All the problems the eurozone has!

Will the queen still be able to holiday at balmoral??

Will Salmond be president of Scotland?

Canny Scots know how to play the system to get extract the max from english tax payers. They know when they are well off! It would cost them too much money to leave!