desprateseagull
New member
serious question.
If the transparent double bluff by Cameron works and they gain independence, the winners will be Scotland, and the losers will be the rest of the UK being stuck with Tories for ever. I'd probably move to Scotland if it happens.
Economically, it would be a disaster for Scotland. Going by the financial press and independent economic analysts, Scotland's share of the UK's national debt would almost certainly be handed over on a per capita ratio basis. With their low GDP this would give them horrendous state debt. In addition, due to that ratio of debt, smaller size and a lack of track record, the markets would require a higher rate of interest to be paid by them on their national debt. Added to that, they would lose the vast net cash inflows from spending over taxation on Scottish affairs, from Westminster. They would have to fund their army of unemployed, disabled, pensioners, generous University subsidies, completely on their own.
Long trip to the Amex thenIf the transparent double bluff by Cameron works and they gain independence, the winners will be Scotland, and the losers will be the rest of the UK being stuck with Tories for ever. I'd probably move to Scotland if it happens.
Long trip to the Amex then
This -- bad for us. There would be a permanent majority for the Tories in Westminster, without the Scots
I'm not sure how it would make any financial sense. They'd have to take a percentage of our national debt with them and more than likely would be paying a higer rate for borrowing from other nations (they certainly wouldn't have the AAA credit rating as a new nation).