Implications for the rest of us if Scotland votes yes
- Thread starter newbie
- Start date
DotCommunist
So many particulars. So many questions.
They would produce a rugby titan team so potent the ptb would just cancel the six nations in despair
ddraig
kicking against the pricks...
blah blah blah indeed
kebabking
Not a Girly Swot, but I like them....
good lord no, dreadful waste of motorway - if they wish to send each other shiny stones or compare notes on mysteries of the world like 'vegetables' then i'm sure they can manage to dig out a tree trunk and paddle between Holyhead and Campbeltown..
Idaho
blah blah blah
The Scots wouldn't tolerate you lot for long. They actually have a sense of humour. They even serve foreigners in their shops.
blah blah blah indeed
DotCommunist
So many particulars. So many questions.
forgive me if I find the voodoo of someone quoted in the ft as likely- I don't doubt there will be fluctuations and pre-emptive shuffling of decks etc but as I said earlier in the thread- these are capitalists. They'll cry heaven and bloodfire and doom but they sure as shit won't ever leave a market untapped.
newbie
undisambiguated
I'm impressed by your certainty, as others seem rather less convinced
http://www.scotsman.com/news/comment-urgent-need-to-clip-wings-of-capital-flight-1-3534085
http://www.economist.com/news/brita...endum-nears-capital-takes-fright-case-jitters
we'll see, won't we
They won't, but one thing capitalists always like to minimise is risk and one thing they hate is uncertainty. Scotland doesn't have a stable arrangement in place for its currency after a vote for independence, and if it tries to keep the pound against the wishes of the rest of the UK it won't have a lender of last resort either, to prop up the financial system in a crisis. That's both uncertain and potentially risky. If they reckon they can carry on doing business in Scotland but shift as many of their resources as possible to a more stable financial regime in England, some of them will do just that. Already are, in fact.
kebabking
Not a Girly Swot, but I like them....
nothing in the SL blurb said anything about leaving the Scottish market, merely potentially relocating its assets and headquarter operations out of Scotland.
Theisticle
Well-Known Member
How idiotic can Salmond be?
“Last Monday I saw something which I did not ever think I would see in my political life. In Dundee, I saw people queuing up – and it was not a short queue, it was a long queue – to register to vote.
“Almost reminiscent of the scenes in South Africa that some of us of a certain age remember from 20 years ago or so when people queued up to vote in the first free elections. I saw people queuing up to put in their registration forms to vote."
http://www.telegraph.co.uk/news/ukn...and-wont-pay-back-debt-Alex-Salmond-says.html
“Last Monday I saw something which I did not ever think I would see in my political life. In Dundee, I saw people queuing up – and it was not a short queue, it was a long queue – to register to vote.
“Almost reminiscent of the scenes in South Africa that some of us of a certain age remember from 20 years ago or so when people queued up to vote in the first free elections. I saw people queuing up to put in their registration forms to vote."
http://www.telegraph.co.uk/news/ukn...and-wont-pay-back-debt-Alex-Salmond-says.html
DotCommunist
So many particulars. So many questions.
they just want reassurance that business will still go on as normal, and it will. On roadkills currency point- it'll be a euro switch or a currencey union. As soon as the dust settles it'll be back to the status quo in terms of business
newbie
undisambiguated
'capitalists' is pejorative, in the context. Business owners are part of it, but so too are many millions of people who have savings in Scottish institutions. A yes vote will cause many or most of them to consider whether they'll be safer under BoE guarantees as well as whether they'll get better returns directly from sterling based institutions or from ones whose currency will be uncertain for some while to come. I can envisage Scots who vote yes feeling they should put their money where their vote went, but all the English, Welsh etc- why would they want their savings in a fledgling foreign country?
If capital flight starts (and I've no idea whether it will) it's quite possible it will snowball.
Wilf
Slouching towards Billingham
Head of Tesco: 'No, no, we're off. Suggest you set up some sort of Lets or barter scheme'.
Bahnhof Strasse
Met up with Hannah Courtoy a week next Tuesday
Bet you all a pound to a pinch of shit that in the event of a yes vote the rUK government will agree to currency union.
newbie
undisambiguated
from reports, key parts for customers include
• New regulated companies are created in England from which to do business
• All transactions with customers outside of Scotland continue to be in sterling
• Customers outside of Scotland are subject to UK tax laws
• Pensioners and investors will be covered by UK regulation
http://www.telegraph.co.uk/finance/...gland-if-Scotland-votes-for-independence.html
we, who didn't have a vote and have little to gain from separation, are unlikely to want to take the risks that those who vote yes are willingly signing up to.
newbie
undisambiguated
and the EU will fall into line? that's nice of them
littlebabyjesus
one of Maxwell's demons
Yes, of course. What choice would they have? Scotland has never been part of the euro, and isn't going to be. The rest of the EU cannot, and will have no reason to, force this issue. Scotland will keep the pound and be admitted into the EU without joining Schengen, basically on similar terms to the current UK terms.
There would be no reason or will or profit to be gained by the rest of the EU in resisting this.
SaskiaJayne
Rural Guerrilla
Yes I thought that. I can't really see how they can refuse If thats what Scotland wants, even if Scotland does want its own currency it would have to be set up within their own timetable not the(slightly less)UK's. They can't just allow Scotland to go into financial meltdown it would have implications for the UK. I guess same for EU membership I can't see how they would be refused entry in the long run.
Theisticle
Well-Known Member
Take the Irish model it seems: http://www.bbc.co.uk/news/uk-scotland-scotland-politics-24990385 - rumoured to be 3% lower than here.
Bahnhof Strasse
Met up with Hannah Courtoy a week next Tuesday
Of course they will. If Scotland has to go through formal application as a new state, then rUK will too. Can just see the EU welcoming that can of worms.
Same for NATO too.
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newbie
undisambiguated
and nothing to be gained from granting it. What about the UK specific rebate, will that be given to Scotland as well, just because they want it?
I'm not pretending I know the outcome of these negotiations, and I'm more than a little baffled that other people seem to, but I have seen what happens when a bunch of politicians are put in a room to negotiate. Scotland wants something- EU membership- and to get it they'll be expected to give. Give what, and to whom, well we'll find out in the fullness.
Bahnhof Strasse
Met up with Hannah Courtoy a week next Tuesday
Scotland has been in the EU since the UK joined, what's to negotiate?
andysays
Love and solidarity
"The rest of the EU" is not some monolithic entity (monothought clique...). it's made up of a number of different nations, each with their own governments with their own idea of what is in their national interest. I'd therefore be rather hesitant about predicting that the EU will simply go ahead and ignore its own rules about new members joining, especially as this would encourage independence movements in some of those countries (Spain being merely the most obvious example) to think they could simply gain independence and join the EU the same day, under whatever terms they saw fit.
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