Will Scotland Leave the UK?

How many more declarations need to be made before it is fully understood that voting yes means no pound this is getting farcical and is just dragging the whole debate totally off other issues which might be what the SNP want. It isn't just about getting independence it's about being credible if you get it which I doubt many believe the SNP are which is hardly going to get others to give salmond the sweetheart deals he has promised the Scottish people. This whole thing is making Scotland look a bit of a joke not what the Scottish people need.

Originally Posted by Mr Angry

Whatever way you slice it contrary to your assertion Jersey is in a formal currency union with the UK.

Legal tender is largely an irrelevance in the modern age with so many (non cash) means of payment.

I suspect the SNP has greater aspirations for the economy of an independent Scotland than would be done justice by comparisons with any of the Crown dependencies.

And those same differences in size and scope are the ones being held up by the Treasury and all the men who aspire to run it, as reasons not to enter a currency union with an independent Scotland.

I wonder which minister had dinner with a Grauniad hack in his diary for last night. Whoever it was had better accidentally spill a bottle of ink over the page before he's unmasked - I suspect a meeting without biscuits is in the offing.

[Mr Angry]

Originally Posted by Chris

I suspect the SNP has greater aspirations for the economy of an independent Scotland than would be done justice by comparisons with any of the Crown dependencies.

Undoubtedly.

Originally Posted by Chris

I wonder which minister had dinner with a Grauniad hack in his diary for last night. Whoever it was had better accidentally spill a bottle of ink over the page before he's unmasked - I suspect a meeting without biscuits is in the offing.

There are a few names being heard on the wire.

[Pierre]

Originally Posted by Mr Angry

Seems to work ok for Jersey which has both independent governance and a currency union. It's not a matter of it not being "doable" but more the fact that there is no will to do it.

Jersey? is that the best you can do?

---------- Post added at 20:20 ---------- Previous post was at 20:17 ----------

Originally Posted by techguyone

As far as currency goes. I believe Northern Ireland has the Pound, and Southern Ireland the Euro, there doesn't seem to be any demands they go to one or the other.

Don't see what the point is there?

There is no Southern Ireland and Northern Ireland.

There is the Republic of Ireland and the UK.

[Mr Angry]

Originally Posted by Pierre

Jersey? is that the best you can do?

It was sufficient to prove the point at hand.

[nomadking]

Originally Posted by Mr Angry

It was sufficient to prove the point at hand.

The point being there is NO FORMAL currency union with Jersey, just an informal one. Jersey isn't likely to go on a massive spending spree financed by borrowing, as Greece and Spain did. Even then, a population of less than 100,000 is not going to affect the UK by very much.

[Mr Angry]

Originally Posted by nomadking

The point being there is NO FORMAL currency union with Jersey, just an informal one. Jersey isn't likely to go on a massive spending spree financed by borrowing, as Greece and Spain did. Even then, a population of less than 100,000 is not going to affect the UK by very much.

I'm afraid that was not the issue at hand.

The issue at hand was that a poster suggested that one could not have independence and retain sterling. I merely pointed out that was not the case and that Jersey was a working example as it has a currency union with the United Kingdom. The nature of that currency union is irrelevant, the fact is it exists.

Nobody has suggested that Jersey is going to go on a massive spending spree or if it did that it would adversely affect the fortunes of the UK, that is a hypothetical construct which you insist on bringing into the argument.

[nomadking]

Originally Posted by Mr Angry

I'm afraid that was not the issue at hand.

The issue at hand was that a poster suggested that one could not have independence and retain sterling. I merely pointed out that was not the case and that Jersey was a working example as it has a currency union with the United Kingdom. The nature of that currency union is irrelevant, the fact is it exists.

Nobody has suggested that Jersey is going to go on a massive spending spree or if it did that it would adversely affect the fortunes of the UK, that is a hypothetical construct which you insist on bringing into the argument.

Let's assume for the sake of argument that any arrangement is the same as with Jersey, then the comparative sizes and behaviour of Jersey and Scotland DO matter. If Jersey acted financially in the manner that Salmond wishes to, then it would be of little consequence to the rest of the UK. Scaling that up to the size of Scotland and it would have an adverse impact.

[Mr Angry]

Originally Posted by nomadking

Let's assume for the sake of argument that any arrangement is the same as with Jersey, then the comparative sizes and behaviour of Jersey and Scotland DO matter. If Jersey acted financially in the manner that Salmond wishes to, then it would be of little consequence to the rest of the UK. Scaling that up to the size of Scotland and it would have an adverse impact.

Nobody is disputing that.

[Pierre]

Originally Posted by Mr Angry

The issue at hand was that a poster suggested that one could not have independence and retain sterling. I merely pointed out that was not the case and that Jersey was a working example as it has a currency union with the United Kingdom. The nature of that currency union is irrelevant, the fact is it exists.
.

That's not the point though is it.

We all know a currency union is possible, and that, to lesser degrees than the one proposed, they exist.

If Jerseys central bank failed, would we be responsible for hailing it out?

Bottom line is we don't want a currency union with Scotland. Doesn't matter if it may or may not work. We don't, and won't have it.

[Mr Angry]

Originally Posted by Pierre

Bottom line is we don't want a currency union with Scotland. Doesn't matter if it may or may not work. We don't, and won't have it.

Which is exactly what I said here.

"It's not a matter of it not being "doable" but more the fact that there is no will to do it"

[Pierre]

Originally Posted by Mr Angry

Which is exactly what I said here.

"It's not a matter of it not being "doable" but more the fact that there is no will to do it"

Well that's all right then...........carry on!

[Mr Angry]

Originally Posted by Pierre

Well that's all right then...........carry on!

Thanks.

[Jimi]

Originally Posted by RizzyKing

How many more declarations need to be made before it is fully understood that voting yes means no pound this is getting farcical and is just dragging the whole debate totally off other issues which might be what the SNP want. It isn't just about getting independence it's about being credible if you get it which I doubt many believe the SNP are which is hardly going to get others to give salmond the sweetheart deals he has promised the Scottish people. This whole thing is making Scotland look a bit of a joke not what the Scottish people need.

I think we ALL know who the real jokers are,don't we.
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Originally Posted by Jimi

I think we ALL know who the real jokers are,don't we.
[img]Download Failed (1)[/img]

We certainly do Jimi! Funny that the GOVERNMENT say different to that paper. Wonder which one is telling the truth.

http://www.bbc.co.uk/news/uk-scotlan...itics-26477209