'Yes' vote 'means leaving pound'

[Jimbuna]

Osborne has finally publically and unequivocally said what I suspect so many others in the UK wanted to hear.

Over to you Mr. Salmond, after all it is you who has painted yourself into a corner.

UK Chancellor George Osborne has said a vote for Scottish independence would mean walking away from the pound.

He said there was "no legal reason" why the rest of the UK would want to share sterling with an independent Scotland, as Scottish ministers have proposed.

Mr Osborne was backed by Labour and the Liberal Democrats.

http://www.bbc.co.uk/news/uk-scotlan...itics-26166794

[Tango589]

Becoming an independent country and keeping the same currency is like divorcing the missus but still going round for nookie!

[STEED]

If what I saw around a friends house Scotland can tell England to get stuffed and stick it up your rear end we're rolling in money. I didn't see all the interview but it was clear Scotland could very well become more richer than England.

If this comes about?

[Jimbuna]

Originally Posted by STEED

If what I saw around a friends house Scotland can tell England to get stuffed and stick it up your rear end we're rolling in money. I didn't see all the interview but it was clear Scotland could very well become more richer than England.

If this comes about?

You've obviously not read this 'carefully' or otherwise then:

http://www.bbc.co.uk/news/business-26170638

[STEED]

Wall up the Scottish transvestites, only they would re-name a skirt.

[Dread Knot]

Did anybody up there in Brigadoon really think that the British people have spent the last 10 years rejecting the euro only to jump into another currency union?

That's one aspect of this possible divorce that hasn't really been publicized too much. While a newly independent Scotland may have to cede some sovereignty to the remainder of the UK in order to stay in a currency union, the rest of the UK will also have to cede sovereignty to the newly independent Scotland.

If, as has been suggested, Scotland takes a radically different approach and becomes a more egalitarian society with high levels of welfare spending fueled by a mixture of North Sea oil revenues and borrowing based on those revenues, then the rest of the UK will have to underwrite this expenditure to some extent. I'm not sure how happy the rest of the UK will be to have the value of their currency determined in part by a group of politicians in a neighboring country with a radically different world view.

[Oberon]

A bit of a bully-boy tactic, but it's true, it wouldn't make much sense to be independent but reliant on a foreign currency (although one could argue that this is exactly what the Euro is...). It's really just another display of how poorly Salmond has thought out his little vote winner.

[Jimbuna]

A currency union would mean the Bank Of England would be underwriting Scottish assets as well as setting the interest rates and that is what Salmond is failing to grasp.

The Scottish banks aren't strong enough to fend for themselves on their own and the EU and other lending institutions are well aware of the fact.

The threat of refusing to take any part of the financial debt unless the pound is kept only goes to show that an independant Scotland will be no better thought of than the likes of Greece in EU circles and interest rates on borrowing would reflect the fact.

Yes, Mr Salmond has certainly painted himself into a corner this time.

[BossMark]

Somehow I dont think Jabba the hut will get his "yes" vote

[BossMark]

There are many issues for Scotland if they choose independence. What would happen to their NHS? Their BBC? And their British Airways?

But of course the larger question is: what would Andy Murray be if he lost a tennis match?

[TarJak]

Haggis

[guntherprien]

What's the official position on Faslane if independence does take place ?
I understand Salmond wants a nuclear free Scotland.

[Jimbuna]

Then we relocate to to a naval base down on the south coast and nearly five thousand jobs in Scotland disappear.

Better still....why would Scotland be willing to join Nato when none of their allies (those potentially carrying nuclear weapons) would be allowed in Scottish ports?

[Schroeder]

Originally Posted by Jimbuna

The Scottish banks aren't strong enough to fend for themselves on their own and the EU and other lending institutions are well aware of the fact.

Actually I think that an independent Scotland wouldn't even be part of the EU. So I'm not so sure they would be lending too much money to Scotland anyway.

[Herr-Berbunch]

It's doomed for sure (said in the Scots accent of the guy from Dad's Army).

51% of me wants them to remain in the Union, the remaining wants my to laugh at their historic failure as it happens. Unfortunately with friends from and living there keeps 'no' above the halfway mark.