MercoPress. South Atlantic News Agency
Independence debate heats up: Scotland will be able to issue its own investment bonds
The Scottish government will be given power to issue its own investment bonds, UK ministers have announced. The move will give the Holyrood administration an extra source of financing when it gets new borrowing powers, in 2015. Chief Secretary to the Treasury Danny Alexander called the move “historic”. Read full article
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Disclaimer & comment rulesThe more we hear about the independence debate the more crazy the idea sounds and the more Scots seem to support it.
Feb 21st, 2014 - 12:29 pm - Link - Report abuse 0Their view seems to be that they'll be sitting by their own warm fire admiring the family silver rather than venturing out into the cold wild world alone as it appears to everyone else.
All sounds very fishy to me.... I won't be buying any, nor will any sensible Scot. Still, they will probably be better than Argiebonds!
Feb 21st, 2014 - 02:28 pm - Link - Report abuse 0Let's be clear about this. Scottish investment bonds will be worth no more than argie bonds. A brief look at argie bonds. Argieland desperately needed money. It offered anything. It issued the bonds under New York state law. It gave up its sovereign immunity. Then it defaulted. It “restructured”. In layman's language, that means it decided to rip off the people who had already loaned it money. By telling them they had to accept between 25 and 35% of what they had loaned, or get NOTHING.
Feb 21st, 2014 - 05:31 pm - Link - Report abuse 0Scotland will be the same. Scotland has virtually nothing. Salmond is “banking” on gas and oil “reserves”. Problem is that the “reserves” are getting smaller every day. Why does Salmond want to keep the “pound sterling”? Because, if he could get his way, the Bank of England would be “lender of last resort”. And that would mean that the UK would pay Scotland's debts. Except we won't. Watch the movement of businesses. The TSB (bank) is already moving from Scotland to England. And not just physically. The TSB is going to be registered in England. There's a vote of confidence in Salmond's Scotland.....NOT! And the UK will NOT be helping. Because the largest group of people in the REAL UK is the English. And all the available evidence is that the English do NOT like Salmond and his oiks.
I've being browsing these Scotland independence boards for the last couple of days. In reality I'm certain that it will be a NO vote in September...
Feb 21st, 2014 - 06:26 pm - Link - Report abuse 0Its simple the numbers are not there...Far from being like Norway you will be more poorer than Ireland and have to forget about the free healthcare, prescription, uni education, etc.
But It seems that after the NO vote the most lasting legacy of the SNP will be south of the border rather than in Scotland itself....
It seems The UK government is giving everything away, what is wrong with them,
Feb 21st, 2014 - 07:07 pm - Link - Report abuse 0sometimes one thinks they deserve what they get,
or just us stupid fools that put em in power,
mmmm
4
Feb 21st, 2014 - 07:21 pm - Link - Report abuse 0“Its simple the numbers are not there...Far from being like Norway you will be more poorer than Ireland ”
Well continue browsing as you appear to have missed.....
Ireland...GDP...$164.6 billion....even with their reduced Corporation tax to attract foreign companies and entrepreneurs.....
Scotland.....GDP....$248.5 billion
...You are one crazy mixed up kid ...blindly supporting the Anglo's views....
...Say the wrong thing and they will turn on you like a pack of wolves...
...and you'll have to do a runner ..........again...;-)))
...looking forward to welcoming.......CabezaDura3
Ya just have to be a pessimist?
Feb 21st, 2014 - 07:35 pm - Link - Report abuse 0Actually what if,,
2 million 750,622 voted
I million 375, 311 voted [ yes]
And
I million 375, 311 voted no,
Ah well back to the drawing board.
Still,
The clever ones will hedge their bets ..lol
justa joka lol
6
Feb 21st, 2014 - 07:50 pm - Link - Report abuse 0FYI, what I’m actually saying is the UK is a marriage alliance and it clearly doesn’t even work as a country any more. Or have your mum explained to this to you. When you have half plus one or two voting No, 30-38% voting yes and a remaining % undecided you have a divided Scotland, but then if you catch up with what the English are now saying more of them actually want Scotland to leave the Union. So yes in a sense Salmond has achieved his goal. Its a broken marriage and they never work in the long term.
What I don’t buy is all this Scottish rubbish propaganda. I’m sorry, Wallace but Scotland may have a higher GDP than Irelands…Of course the little big detail is that it is measured in UK pounds and in UK mini-subsidized economy (!).
Come back again after Scotland’s has its own currency or when it has to cover up rubbish banks like Ireland has.
I’m pretty certain that the green and fertile Republic of Ireland would overpass the rocks of Scotland in 10 to 20 years time if should be independent.
#3
Feb 21st, 2014 - 08:08 pm - Link - Report abuse 0Please send a carbon copy of this post to Monkeymagic in confirmation of what I told him !
8
Feb 21st, 2014 - 08:10 pm - Link - Report abuse 0Ireland doesn't even come a close second to Scotland for natural resources and development....and potential
I don't follow...the GDP is not subsidised and the figures are not in pounds but dollars.
...and look at this...
http://www.bbc.co.uk/news/uk-scotland-scotland-business-23691965
...don't believe the doom and gloomers....
The UK are scared to death of Scottish Independence...
Imagine if Scotland reduce the Corporation Tax for Companies to 12.5% like Ireland and a mile down the road their neighbour charges 20%...How many English and English based companies would consider moving up the road a couple of miles...
...It's not like having to move over the water to Ireland....
...same bloody motorway...M74...to the M6...and it goes all the way to Manchester and Birmingham and then M40 to London...
England exports far more to Scotland than the reverse...they will not want to lose that.....they will deal in the event of a Yes vote...they are not stupid.
LOL you are jsut a Wallace wannabe that lives in wet dreams voice/ think or whoever you are.
Feb 21st, 2014 - 08:26 pm - Link - Report abuse 0“the GDP is not subsidized and the figures are not in pounds but dollars.”
You are a bit ignorant aren’t you Voice?? You don’t even know basic economics. Nor how GDP is measured or calculated.
This is the same conversation I had with some Campora troll here not so long ago as to why Colombia had overpassed Argentina with the last devaluation
I already explained to you the other day why Scotland is completely subsidized by London and the SE of England. And it will be even more so in the future when Scotland runs out of oil and gas.
So please tell us all how Scottish exports are subsidised by the UK...
Feb 21st, 2014 - 08:35 pm - Link - Report abuse 0This has got to be fun....
The expert of the UK economy that has never been out of Argentina....
...are you turning into an English Wannabe..it certainly appears that way....
@6 Scotland's GDP is actually, at best, $235 billion. But that doesn't take account of who assembles the figures and where the money comes from. To start with, Salmond & Co assemble the figures. Probably worse than Indec. Salmond has already told Scots that they are going to be RICH! What happens when the REAL UK doesn't want to buy Scotland's goods. Because third-country goods are always more expensive. What happens when the UK won't allow Scottish goods to transit England? What happens when the REAL UK repeatedly blocks Scotland's entry to the EU? And NATO? And various other organisations? What happens when the Royal Navy is constantly stopping Scottish(?) fishing boats. No right to fish in EU waters. A fisheries check can take HOURS. What happens when the UK severs the pipelines landing gas and oil in Scotland until ownership is established? So many lovely possibilities to bring the Scots to their knees!
Feb 21st, 2014 - 09:07 pm - Link - Report abuse 0@10 Small points. You can't travel that motorway just like that. First you need a proper, recognised passport. Then you'll need a UK visa. I gather they work out around £250 per person. Then you'll need health insurance. And acceptable evidence of available funds. Have you got any idea how long it might take to cross the border? When every vehicle has to be fully unloaded, searched, examined. And the occupants as well. And all through ONE crossing point. The UK would be crazy to allow more. And no “through” rail travel either. Everybody off, with baggage, for immigration and customs!
AND, as I've already mentioned, TSB is already moving from Scotland to England.
The UK doesn't need Scotland. We're already going to save a huge amount a year. Got a BIG calculator? £8,623 x 5,313,600. £45 billion?
The Scots who vote for Salmond must certifiable.
Feb 21st, 2014 - 09:18 pm - Link - Report abuse 0But they should vote YES: with The Lunatics little puppet A_Voice to “guide” them financially and politically they will be down shit creek before they can raise a screech on a bagpipe!
13
Feb 21st, 2014 - 09:19 pm - Link - Report abuse 0Yah boo rubbish....Ireland is EU that can travel through the UK without restrictions....
Maybe Scotland would rather buy their goods from Europe instead of England...huge loss to UK
You talk nonsense....
11
I think you were confusing Government spending with GDP...
Gross domestic product (GDP) is a measure of economic activity which captures the value of goods and services that Scotland produces during a given period. GDP can be expressed in nominal or real terms. Nominal GDP reflects the value of all the goods and services which are produced in Scotland during a given period, using their price at the time of production. Real GDP also reflects the value of produced goods and services, but it uses constant consumer and producer price indices to remove the effects of rising price levels (inflation)
Beside how could the UK subsidise Scotland when it has 1.2 trillion debt...must be someone else subsiding...
also...
read...
Business for Scotland’s research on Scotland’s economy has delivered solid proof that Scotland subsidises the UK, not the other way around. Initially anti independence campaigners claimed we were wrong, we’ve since produced so much evidence they’ve since backed off. That evidence clearly demonstrates Scotland has paid £64bn in interest on debt incurred by the rest of the UK, not Scotland.
http://www.businessforscotland.co.uk/scotlands-century-of-lost-wealth/
or
Scotland has been wealthier than the rest of the UK for every single year since 1980, new analysis of Gross Domestic Product (GDP) figures has shown.
http://www.businessforscotland.co.uk/scotlands-century-of-lost-wealth/
12
Feb 21st, 2014 - 09:21 pm - Link - Report abuse 0LOL first of all..... That you are a Scot wannabe doesn’t mean to say I’m an English wannabe for disagreeing with you.
No, I will say this again, I dont by the SNP and scottish propangada
You don’t know basic economics, you are not addressing central question and you are avoiding facts and questions that Conqueror is putting forward.
The Scottish are notoriously 'canny' about money. Therefore it will be a resounding NO vote,
Feb 22nd, 2014 - 12:58 am - Link - Report abuse 0just my humble opinion!
Deep down, as much as we cousins like to moan about each other, I can see no split in the Union, it is too deeply entrenched.
scotland has the north sea oil.
Feb 22nd, 2014 - 02:02 am - Link - Report abuse 0that is +/- 24 billion barrels and +/- 40 years of production, not taking in account the new discoveries (fields west of shetland, etc).
that is, a small country with just 5 million people will be the #23 between the ones with biggest oil reserves.
don´t think they have too many economic problems in the future.
Meanwhile please take time to view this;
Feb 22nd, 2014 - 03:40 am - Link - Report abuse 0http://www.youtube.com/watch?v=EFS6cP9auDc
@ CD
Feb 22nd, 2014 - 07:42 am - Link - Report abuse 0When No wins by 60/40 then that will mean that even when offered a clear opportunity and with the nationalists in government and in control of the vote and the agenda, the majority of Scots still preferred the “best of both worlds” arrangement they have. Plus Salmond will not be around forever, he stepped down as leader once already and had to return because the SNP went backwards. When he eventually goes again the soft-Yes may lose its Braveheart emotion and the nationalists will return to the
Monkey magic......see #13.
Feb 22nd, 2014 - 11:47 am - Link - Report abuse 0#13
Thank you for that informative post. I am recommending you for the Booker Prize for fiction. You would win it unopposed for this imaginative piece.
However, you could have improved on it by mentioning your Nukes, Storm Shadow, Tomahawk missiles, Typhoons, Type 45's, Astute subs. Voyagers, and of course, your favourite, the Challenger tanks lined up to take us on.
Have I omitted anything from your favourite hardware ?
Just a minute, haven't you committed all of these to the defence of the Falklands?
Your country is now undefended ! Never mind, I have the solution.
We will vote NO and stay in the UK.
That would be worth it just to piss you off !
20
Feb 22nd, 2014 - 02:01 pm - Link - Report abuse 0It’s like that gf that you were so keen on but she would do nothing but complain and bitch, so one gives in initiative, decision making in the relationship and stuff in order to retain her
That’s London right now but its seems the English people don’t want to hear of it anymore and I think that that is the picture of the Union right now. Do you think you will soon have a “ENP” saying Scotland has to go??
22
Feb 22nd, 2014 - 02:21 pm - Link - Report abuse 0You really do make me laugh CD...your home country doesn't even have a GDP of twice Scotland's with a population of 41 million compared to 5.2 million....and a country the size of India...
Yet you somehow believe Scotland can not make it on it's own....with a GDP per capita of four times your own....
Are you starving, do you have shoes on your feet...I know you have a computer...mobile phone...?
Wake up and smell the whisky....;-))
Did you mean EDL or BNP...?
@15 You have NO idea. Here is reality. When you say “Ireland” I assume you mean Irish. The Irish have a couple of things on their side. First, there's EU membership. But they still have to have their passports. Then there's a thing called the CTA (Common Travel Area). An agreement that all peoples of the British Isles could travel freely. But the Scotland situation will change that. Scotland will NOT be an EU member. The UK will object. Spain will object. Other EU members with any sort of secessionist movements will probably object. Therefore Scotland will NOT be an EU member anytime soon. Therefore, individuals in Scottish territory cannot be permitted to cross borders into the member states of the EU. Ditto anything else Scottish. Especially as Salmond has indicated that he intends a much more “relaxed” immigration system. Remember that Scotland will be REQUIRED to comply with all treaties, agreements etc pertaining to “human rights”. Scotland can have a nice share of the immigrant Indians, Pakistanis, Bangladeshis, Somalians, Nigerians, Ghanaians and so on and so forth. Scotland's turn to provide the houses, health services, education, welfare benefits. So, exclusion of Scotland from the CTA. A good moment to review Ireland's position. All logical and all LEGAL. Nothing Salmond can do about it! And how could the UK subsidise Scotland? How about £8,623 per person in Scotland? Did you miss that? That's £8,623 x 5,313,600. Isn't that the £45 billion I already mentioned. Lost from the first day!
Feb 22nd, 2014 - 02:51 pm - Link - Report abuse 0@18 You have NO idea. Check the treaties. Scotland cannot join any multilateral treaty unless everyone agrees. And treaties govern who has the rights to what. And distinct possibility that the Shetlands will choose to stick with the UK. Guess where the biggest reserves are?
@21 Don't need any of that hardware for Scotland. Blow a gale up the kilts and Scotland is lost! Or rip their sporrans off. Cut off the porridge and fat. You are so juvenile. Scotland is nothing.
24
Feb 22nd, 2014 - 04:04 pm - Link - Report abuse 0“ I assume you mean Irish. The Irish have a couple of things on their side. First, there's EU membership. But they still have to have their passports.”
Do you know anything at all about the UK...within the CTA
“Under the current arrangements, the UK, the Irish Republic, Jersey, Guernsey and the Isle of Man collaborate on border policies as part of the CTA.
Travellers between those areas are not required to carry a passport for immigration purposes. But those entering from outwith these areas do have to show passports.”
Did you read that.....Are not required to carry a passport.....
“Therefore, individuals in Scottish territory cannot be permitted to cross borders into the member states of the EU”
“under current laws, British citizens living outside the UK cannot pass their British nationality on by more than one generation. Therefore, it claimed, the children of British citizens living in an independent Scotland would be British citizens, but their grandchildren would not.”
So Scottish citizens would not require a passport to cross into England anytime soon.......
As for your last paragraph.....everyone knows you are just a cowardly gobshite and keyboard warrior....anytime you feel like proving otherwise....just let me know...
...I'd be happy to oblige......
...or you can keep hiding behind your keyboard and spewing bile and empty threats and practising your five fingered shuffle.....
#24...21
Feb 22nd, 2014 - 05:46 pm - Link - Report abuse 0Tut Tut, we are in a strop aren't we. I have a healthy respect for the English in a fight, but YOU ? Are you even English ? You could be a double bluff Argie troll.
After all, what sane person would come out with the trash you peddle.
25
Have you no respect for the superman with whom you are dealing ?
He personally commands ALL HM Forces, is superior to the Chancellor of the exchequer in fiscal matters, his is consulted in all matters by the Home and Foreign Offices who follow his advice AND is an expert in all matters in relation to the EU.
I believe he turned down the papacy because there were foreigners in the organisation. Maybe he is waiting on the post of Imperial Wizard to become vacant in the KKK as they are all white.
UKIP must be desperate to dump Mr Farage and get the leader they deserve and
then on to a cleansed universe where only pure bred English are permitted.
I see that the Irish are not flavour of the month either...next it's the Welsh.
@25 Ever tried entering the UK without a passport or national identity card? Come to think of it, have you ever worked at the UK border? I want you to try a really clever trick, if you can manage it. Fly into, let's say Heathrow, and see how far you get without having to produce the appropriate document. The requirements may not be obvious to everyone. The checks may be low-key. But how do you think law enforcement agencies know who is where? And in the right job, you come into contact with all sorts of interesting people. Some of us don't have to read it on wikipedia or wherever. We've been there.
Feb 22nd, 2014 - 07:33 pm - Link - Report abuse 0As for your second bit, is that straight from the Salmond Chronicles? It may have escaped your puerile notice that the UK government decides who has British citizenship. Not fishface. And how many things has fishface come out with and been proved wrong?
As far as your last paragraph is concerned, don't be a silly little child. You have zero credibility. And the same goes for your boy?friend Clyde. Some of us have rules to follow even when we've retired. Ooops, was that a clue?
27
Feb 22nd, 2014 - 07:59 pm - Link - Report abuse 0“But how do you think law enforcement agencies know who is where?”
My guess is, they look at where the plane has just flown from and if it is ...say Dublin and those passengers have not joined a queue for non EU..etc.
Then a simple ID check..driving licence is all that is necessary.....
....I know your rules...hide behind a keyboard and threaten....well...everyone...
...I remember you......you even think the worms in your garden are a threat...;-)))
Did you fail the Police test and have to join the border agency...what was the other alternative...security guard or prison officer....
.....I know you....“Do you have anything to declare Sir?...Please come this way and bend over”.....Too much probing has obviously unsettled your mind....
#27
Feb 23rd, 2014 - 11:10 am - Link - Report abuse 0Yes, I have been at immigration coming back through Dover with a group who went to the Tiger Meet at Cambrai. One of the group lost his passport somewhere on the Ferry. We rolled up at immigration, vouched for him although his accent made it pretty obvious where he came from. I had my C&E Commission with me and confirmed his identity. It was accepted with a smile and off we went. Thankfully officers used sense and discretion in those days. A few months later his passport was returned via the Immigration Service. It had been handed in by the ferry company after the cleaners had found it.
I agree with one thing you say.... “Some of us don't have to read it on wikipedia or wherever. We've been there.”
I also have had to do Immigration duties visiting oil tankers berthing at the Esso oil depot at Bowling and BP at Finnart , on the Clyde. To save money by calling out an Immigration officer for a 0300 arrival, it was common practice for Customs to cover this aspect. It was also common practice for Customs to check military airfields, along with RAF police, for the same purpose.
I have to admit that I have no experience of the Border Agency as I gratefully retired in 2000, after 40 years of service.
I am rather flattered that you think I am a boy. Yes, I do try to keep an enquiring and open mind instead of having solid impenetrable, ossified bone for a brain, the characteristics displayed by you..
As to Voice,I don't know him, I disagree with him on several points as I do with other posters. I try to be reasoned but , yes, I do lose the rag at times when the subject in question descends into a hate mode.
As for your “Zero credibility,” coming from someone who wants to nuke, torture to death anyone who disagrees with him...or her? You obviously have deep rooted problems...possibly from your previous employment.
Take a good hard look at your postings. Are they consistent with the thoughts of a rational human being ?
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