Scottish Independence
Cameron and Salmond are getting it together on Monday to agree on the independence referendum. It seems there will be one question: in or out. And there is a high probability that the franchise will...
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On the pound. The independent government of Scotland can call its money "pounds", and can even peg the exchange rate at 1 pound Sterling = 1 pound Scots. The Republic of Ireland did this for decades....
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I probably don't keep up with these things as much as I should, so this may seem a foolish question, but does Scotland have a large viable bank, or were they all bailed out by HMG? I seem to recall...
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headquarters for The Royal Bank of Scotland, Clydesdale Bank, Tesco Bank and Virgin Money and The Bank of Scotlandhttp://www.sfe.org.uk/sector-info.aspxRbos has about £1.2trillion under management...
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I''m deeply shocked that the SNP haven't outlined their plans to manage this all. Oh..wait..
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The only way it could work would be if the ECB becomes their lender of last resort-- which would mean adopting the Euro whether the Scots want it or not.
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The SNP know there is no chance of a yes vote so no need to bother. The white paper was full of wishes which will never be granted and the SNP and Scottish know it - which is why they are 70:30...
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67th Tigers wrote: Currently the BoE will exchange 1 for 1 any of the Scots pounds for a pound sterling. That means the Scots money is underwritten by the BoE. If Scotland leaves the Union this stops....
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emc2 - The Sterling zone, stuff going to the Stirling zone wouldn't be an export. ;-) edited for a typo - ha.
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"stuff going to the Stirling zone wouldn't be an export." Anything leaving a country, in this case iScotland is an export
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You missed the pun; Sterling is a currency that might soon be foreign to Scotland, Stirling is a city in Scotland.
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RUSI report suggesting that moving Trident wouldn't be as expensive as previously suggested: https://www.rusi.org/downloads/assets/201408_OP_Relocation_Relocation_Relocation.pdf Food for thought I...
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RUSI report suggesting that moving Trident wouldn't be as expensive as previously suggested: You underestimate the ability of the British Civil Service in general and the MOD in particular to squander...
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RUSI report suggesting that moving Trident wouldn't be as expensive as previously suggested What you need to ask now is the standard question........... how many years late and how many millions will...
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Razor wrote:RUSI report suggesting that moving Trident wouldn't be as expensive as previously suggested: You underestimate the ability of the British Civil Service in general and the MOD in particular...
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The Trolls in the crypt observe that the problems, as far as costs and timescales are concerned, are more due to the inhabitants of Westminster and not Whitehall. If you want to come up with a policy...
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Isn't the Politics of War board a more suitable place to discuss the Scottish independence movement?Here's a post about the TV debate on the issue.
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If we can hold it to the defence implications, I'd say we'd be okay to stick with talking about it here as it has a direct pull on RN affairs.
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August 19, 2014 Secretary General: Independent Scotland Would Have to Apply to Join NATO By BBC Secretary General Anders Fogh Rasmussen,...Read More
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