I think national debt is about 1000 billion. Base rate is half per cent. If it rises back to five and half per cent which it was a few years ago interest on it will rise by fifty billion a year. I doubt uk can afford it as a whole.If Scotland take Eight per cent on population basis their interest increase will be four billion a year I think this may be the same as the current north sea oil revenue either way still significant. UK is presently spending a hundred billion a year more than it earns .
I really hope for the best for both countries but fear for both .
Neither side has demonstrated clearly and beyond doubt financial ramifications to either country of split. This has caused there to people like me who really are not sure others who suspect scotland will be worse off and third set who think scotland will be better off. Consequent arguments are causing resentment on both sides - not just here in miniature but across both countries.. The politicians English and Scottish have allowed this to happen by allowing progression towards a massive and momentous decision before carefully analysing the full facts and presenting them.Both countries will live with the consequences.
As per the news, a YES vote will create uncertainty for a long time. Economically, we will all suffer for ages. Effect on XEL - in the long term, might not make much difference. In the short term, instability can't be good. However, I'm all for a different board for discussing the vote.
Porkie, Post recommended and I apologise for any name calling to others, however, it just riles me when I read posts on here that are not stating facts. I live in Scotland and have chopped and changed my mind with regards yes/no. I am also prepared to listen and discuss arguments for both outcomes and views from others, however I agree with Sell High this is not the place for those discussions. I just felt I had to respond to posts that were basically people talking out their arse and not only think they are better than Scotland and Scottish people, but Northern England and fellow English people and people wonder why part of Scotland want Independence!!!
Major, I wasn't barking up any tree, if you check back you'll find I was responding to comments that were either not thought out at best (and I think honestbob alluded to that to be fair) and just plain wrong at worst. I've got no interest to continue to add to this on here. Although I would never condone the calling of names on here and Skier is someone who has been about these boards for ages and a similar story to tell as myself so I respect him for that and his contributions to the BBs, I have to agree with Derry Boy's sentiment, some folk down there just don't get it and won't get it, ever. I can post as many facts up as you like to counter the nonsense spouted but the replies just get more and more tedious and don't have any relevance to the original ill thought out point and always tend to end up with an insult. Until some southerners can accept that they aren't the centre of the UK and the payers of all taxes/ contributers of all GDP then there is not much point debating anything further.
PS IF independence is voted for then the SNP and AS would lose much of their appeal as they're lifelong campaign has been won and would just become another socialist party. Therefore the vote has to be for or against independence not the SNP or AS specifically. Think about it. Nuff said, porkie oot
As threatening to default on their part of UK debt if not allowed to use the pound will go down well with international debt markets.lol. we could all adopt the same as the nationalist attitude. As a southerner I may want to stop bankrolling anywhere north of Birmingham with my taxes.. Don't fix it if it ain't broke,!!
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