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It's like my 18 year old son leaving home and expecting merged finances! They surely didn't imagine that they could stay in the pound, did they? seriously? Still they may be allowed to join the Euro eventually till then they can create their own currency or perhaps just use the pound anyway like they uses the dollar in many countries of the world. Hang on, use the dollar, the septic will be delighted.
It's like my 18 year old son leaving home and expecting merged finances! They surely didn't imagine that they could stay in the pound, did they? seriously? Still they may be allowed to join the Euro eventually till then they can create their own currency or perhaps just use the pound anyway like they uses the dollar in many countries of the world. Hang on, use the dollar, the septic will be delighted.
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When the Irish got Independence from the UK they retained the pound for 50 years and it had parity with Sterling.
If it is in the economic interests of the rest of the remaining UK countries to have Scotland join our currency then we would be foolish not to have them.
There seems to be a rather childish throwing our toys out of the pram if Scotland leaves the UK.
If a quarter of the users of the pound leave, it will weaken Sterling and make joining the dreaded €uro more likely.
If it is in the economic interests of the rest of the remaining UK countries to have Scotland join our currency then we would be foolish not to have them.
There seems to be a rather childish throwing our toys out of the pram if Scotland leaves the UK.
If a quarter of the users of the pound leave, it will weaken Sterling and make joining the dreaded €uro more likely.
//If it is in the economic interests of the rest of the remaining UK countries to have Scotland join our currency then we would be foolish not to have them. //
Totally and utterly disagree.
When Scotland goes next year they will have voted for independence, still being reliant economically on the UK will undermine that independence totally. For both sides, economic split is the most viable way forward.
If you dont business will always be reluctant to invest in either Scotland or the UK due to fear of the unknown of the inevitable.
Totally and utterly disagree.
When Scotland goes next year they will have voted for independence, still being reliant economically on the UK will undermine that independence totally. For both sides, economic split is the most viable way forward.
If you dont business will always be reluctant to invest in either Scotland or the UK due to fear of the unknown of the inevitable.
// When Scotland goes next year they will have voted for independence, still being reliant economically on the UK will undermine that independence totally. For both sides, economic split is the most viable way forward. //
Ireland did it for 50 years when it got Independence.
The Isle of Man, Jersey, Guernsey seem to have their own independence while retaining the £.
If anyone has anything to lose by going into monetary Union it would be Scotland. They would be volunarily handing over powers to the Bank of England. Still, better than the European Central Bank, eh?.
Ireland did it for 50 years when it got Independence.
The Isle of Man, Jersey, Guernsey seem to have their own independence while retaining the £.
If anyone has anything to lose by going into monetary Union it would be Scotland. They would be volunarily handing over powers to the Bank of England. Still, better than the European Central Bank, eh?.
Gromit has a point here. There are lots of places that are not part of the United KIngdom that still cling to the pound, so the Scots could do so as well, if the rest of the UK allowed them to.
Its unlikely that the Scots will gain independence but if they do, I reckon that Westminster will not have much choice but to back down and let them, retain the £ in some form or another.
Its unlikely that the Scots will gain independence but if they do, I reckon that Westminster will not have much choice but to back down and let them, retain the £ in some form or another.
It depends which pollster you believe:
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How on earth can you compare the Isle of Man and Guernsey with an Independent Scotland? Neither of the former two are big enough to have an independent economy, Scotland on the other hand will be and I would have thought want to make independent use of that.
//If anyone has anything to lose by going into monetary Union it would be Scotland. They would be voluntarily handing over powers to the Bank of England. Still, better than the European Central Bank, eh?.//
Well, yes. I have to agree with that last sentence I suppose.
//If anyone has anything to lose by going into monetary Union it would be Scotland. They would be voluntarily handing over powers to the Bank of England. Still, better than the European Central Bank, eh?.//
Well, yes. I have to agree with that last sentence I suppose.
both Mark Carney and George Osborne are singing from the same hymn sheet, Mr Carney spoke with Alex Salmond over a week ago, and said that it
could mean Scotland losing some of it's sovereignty if it wants to keep the pound, personally speaking i don't want the break up of the UK, it's foolish in the extreme, we are most decidedly better together, but if they get the vote to split, then it had better be split down the line, not pussy footing around with half measures.
could mean Scotland losing some of it's sovereignty if it wants to keep the pound, personally speaking i don't want the break up of the UK, it's foolish in the extreme, we are most decidedly better together, but if they get the vote to split, then it had better be split down the line, not pussy footing around with half measures.
Scoland has been tinkering with their economy for some time now but nothing major. However with independence they could run their own affairs
which for good or bad its currency would be different than sterling which would create problems , possibly even border controls. Duties , taxes, smuggling, money transfers of all sorts would be affected.
What's going to happen to their armed forces. If I was a young Scot I certainly wouldn't enlist in a service that never left the country .
which for good or bad its currency would be different than sterling which would create problems , possibly even border controls. Duties , taxes, smuggling, money transfers of all sorts would be affected.
What's going to happen to their armed forces. If I was a young Scot I certainly wouldn't enlist in a service that never left the country .
“If a quarter of the users of the pound leave…”
(a) The Scots make up just over 8% of the UK population.
(b) It is not how many people use a currency which determines its strength or weakness. (If that were true the Inidian Rupee would be the second strongest currency in the world).
“The Isle of Man, Jersey, Guernsey seem to have their own independence…”
No they do not. Although not part of the UK their status is that of “Crown Dependencies”. They are not independent nations as the SNP envisages for Scotland.
Unfortunately Mr Salmond and his mates are being disingenuous with the truth in their campaign. Either that or they have not thought through their strategy (which I find hard to believe). They know full well that it is not for them to demand to use the currency of another nation. Of course there is nothing to stop them using Bank of England £5 Notes but they know that they cannot expect to have the Bank make any special arrangements for them or for them to have any input to the fiscal policy of what remains of the UK.
Before the good people of Scotland cast their votes in a few months time they should think long and hard about this and other consequences of independence. At the moment they are being told they can have their cake, eat it and somebody else will pay for it. Their own common sense should tell them to take some of the ridiculous nonsense that Mr Salmond and Ms Stugeon spout in their regular ravings and they should think for themselves. Personally I have no particular opinion on whether Scotland should leave the UK though if asked to choose I would prefer that they left. What I do have is an opinion on is who should share our currency and my firm belief is that if Scotland want to go their own way they should start printing some McFivers, with the “Promise to pay the Bearer” being made (and kept) by someone north of the border.
(a) The Scots make up just over 8% of the UK population.
(b) It is not how many people use a currency which determines its strength or weakness. (If that were true the Inidian Rupee would be the second strongest currency in the world).
“The Isle of Man, Jersey, Guernsey seem to have their own independence…”
No they do not. Although not part of the UK their status is that of “Crown Dependencies”. They are not independent nations as the SNP envisages for Scotland.
Unfortunately Mr Salmond and his mates are being disingenuous with the truth in their campaign. Either that or they have not thought through their strategy (which I find hard to believe). They know full well that it is not for them to demand to use the currency of another nation. Of course there is nothing to stop them using Bank of England £5 Notes but they know that they cannot expect to have the Bank make any special arrangements for them or for them to have any input to the fiscal policy of what remains of the UK.
Before the good people of Scotland cast their votes in a few months time they should think long and hard about this and other consequences of independence. At the moment they are being told they can have their cake, eat it and somebody else will pay for it. Their own common sense should tell them to take some of the ridiculous nonsense that Mr Salmond and Ms Stugeon spout in their regular ravings and they should think for themselves. Personally I have no particular opinion on whether Scotland should leave the UK though if asked to choose I would prefer that they left. What I do have is an opinion on is who should share our currency and my firm belief is that if Scotland want to go their own way they should start printing some McFivers, with the “Promise to pay the Bearer” being made (and kept) by someone north of the border.
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