Quote:
Originally Posted by Hugh
Then how do those other countries manage?
Isn’t it possible Scotland could emulate them?
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Those other countries don't have another country subsidising their public spending.
As evidenced nobody is saying that Scotland couldn't go it alone, they could very easily they just won't be able to offer free prescriptions to everyone and free tuition etc etc.
They could still do that and continue to borrow at massive rate, they wouldn't enjoy the lower interest rates that the UK as a whole does.
Their currency would have to be pegged, most likely, to the Bank of England, so they couldn't really set their own fiscal policy, and likewise if they joined the Euro - which is far from certain.
They could do whatever they want......................it'll be fine.