Scottish Independence (the sequel)

(18-02-2014 11:57 )tony confederate Wrote:  The benefit to the UK would be zero.

While I don't doubt Salmonds claims are wildly exaggerated, and the UK would manage just fine without sharing, it certainly isn't zero.

Hundreds of English/Welsh/Irish based companys trade in Scotland, many with retail branches both sides of the border. Working with 2 different currencies is obviously going to add costs.

simplest way would be to call it the scottish pound give it parity with the pound and by act of parlimant make it legal tender in the uk

what westminister is ojecting to is Salmond wanting currency union with the UK whereby he keeps all the good things about being in the Uk ie low interest rates, a good credit rating and the fact that if his little project goes wrong he can go cap in hand to the Bank of England for Free money

got a question for anyone from northern ireland or Ireland what happens in the case with northern and southern ireland i mean do you have to carry both euros and the pound or are both accepted ?

Some Hotels/Restuarants may accept the pound in Southern Ireland but most businesses prefer to be paid in Euros as that is the official currency

(18-02-2014 14:47 )HannahsPet Wrote:  got a question for anyone from northern ireland or Ireland what happens in the case with northern and southern ireland i mean do you have to carry both euros and the pound or are both accepted ?

both are accepted (notes) but if you use sterling in a pub in the south it's pound for pound so it's wise to change your money to euro's.

in a southern pub £1 = 1 euro
in a pub in the north 1 euro = 60-70p

thanks for that just was wondering how it worked knew that some drivers in the north do go to petrol stations just over the border in the south to get fuel cheaper

I am sure if they have their own currency it will afford them greater flexibility to respond in times of Economic turmoil. I am also sure they will cope on their own but if they go they go it should be a clean break with no dependency on Westminster. I think it will be a No vote in any event a lot of the Under 30's are not so hung up on Independence and are happy as part of the Union .

However they have a clown in the SNP Nicola Sturgeon bleating on that Scotland has been part of the EU for 40 years. No Nicola its the UK that was part of the EU! Stupid Ho!

Also her crass comment threatening not to take scotlands share of debt if we don't give them currency union was stupid she has no idea how the financial system works with credit agency if they did that only credit they would get would be from wonga

(19-02-2014 03:34 )sweetsugar007 Wrote:  I am sure if they have their own currency it will afford them greater flexibility to respond in times of Economic turmoil. I am also sure they will cope on their own but if they go they go it should be a clean break with no dependency on Westminster. I think it will be a No vote in any event a lot of the Under 30's are not so hung up on Independence and are happy as part of the Union .

However they have a clown in the SNP Nicola Sturgeon bleating on that Scotland has been part of the EU for 40 years. No Nicola its the UK that was part of the EU! Stupid Ho!

I don't think inventing our own currency is a realistic option. If it's not the pound it will have to be the euro.

But yeah, Sturgeon, the only person in the government who makes Eck look good

(19-02-2014 08:25 )The Silent Majority Wrote:  I don't think inventing our own currency is a realistic option. If it's not the pound it will have to be the euro.

But Scotland don't meet the required criteria for entry into the euro, and couldn't do so for at least 2 years.

(19-02-2014 12:39 )Tutankamon Wrote:  But Scotland don't meet the required criteria for entry into the euro, and couldn't do so for at least 2 years.

Which will be why he's so desperate to keep the pound.

Maybe I should growing vegetables, then I'll have something to barter with in the event of a Yes vote