butchersapron
Bring back hanging
You actually posted this in feb and said it would play out within one week. Either way, your prediction that it would simply be game over and the market would snap its fingers and decide has been shown to be a wee bit OTT.It wasn't last year, it wasMarch/ April when the UK Government ruled out shared currency and Salmond raised the spectre of walking away from the debt. I said to look at the gilt markets, and the effect on the UK's ability to borrow. After all, Salmond was snearing that the markets would force the Treasury into accepting the Scottish position. UK has managed to borrow billions more having given this explicit promise to the markets that it won't cave in. No shortage of takers and at the same rates as before. Done deals. If it had gone the other way, Treasury would have blinked by now. As it is the Treasury knows part of its credibility depends on keeping a man prepared to threaten walking away from debt out of the MPC.
As to having a vote in a few decades. Game changes within ten.