Independence minded folk - A question

[HenryLB]

Originally Posted by Green Sleeves
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

England can keep the BBC, along with institutions such as as their royal family, the British armed forces, American military bases, Trident, membership of NATO, the Bank of England, pound sterling, MI5, MI6, the House of Lords, pearly queens and jellied eels.

But those things are all brilliant. Apart from the royal family.

[Smurf]

When was Scotland last in a recession?

[Colr]

Originally Posted by Stennyhibee
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Our currency used to be called the "Merck".

I would like it to be called the "Sisturcy" as I always liked the old Roman and Gladiator films when the gadgie always used to say "10 sisturcies to the man who brings back his toungue".

Used to have the Pound Scots. It was minted just off St. Mary's Street.

Was a week currency and was devalued by the mid 1400s. By the time it was merged with Sterling is was worth 1/12 of a pound sterling. It wasn't used much as a result.

Scottish notes are promissory notes rather than currency, I understand. Maybe someone with better financial knowledge than me can explain the significance of that!!

[wee 162]

Originally Posted by Colr
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

It isn't regional trends are considered and the Scottish economy is well integrated into the UK economy.

Shite. Window dressing for political purposes.

[Colr]

Originally Posted by wee 162
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Shite. Window dressing for political purposes.

You think they are acting outside their remit and Articles?

Can't see the evidence for it. They are not a political organisation, anyway.

[wee 162]

Originally Posted by Colr
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

You think they are acting outside their remit and Articles?

Can't see the evidence for it. They are not a political organisation, anyway.

No. I think that the SE of England is (as you've said in this very thread) the most important bit of the UK economically. In no small part due to the economy having been run for its benefit for centuries.

And if you don't think a central bank is a political organisation you are off your head imo.

[SkyeHibs]

Originally Posted by Colr
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Clearly we differ on this.

How will Scoptland set its own interest rates and with what currency?

There are a number of different options one being to establish our own currency with monetary policy being set by a independent central bank.

[Colr]

Originally Posted by wee 162
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

No. I think that the SE of England is (as you've said in this very thread) the most important bit of the UK economically. In no small part due to the economy having been run for its benefit for centuries.

And if you don't think a central bank is a political organisation you are off your head imo.

Only the extent that anything is political if you want to take that view. They have not particulalr interest in party politics.

The SE of England is the engine of the UK economy, next in importance is the central belt of Scotland. However, if you are saying that they don't consider issues like the regeneration of the midlands and north, then you are pretty niave as to how much institutional investment is going into these areas. As with all things the decisions are a balance taking into consoderation a great many factors.

[Colr]

Originally Posted by LanarkHibs
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

There are a number of different options one being to establish our own currency with monetary policy being set by a independent central bank.

Which would be how robust?

[SkyeHibs]

Originally Posted by Colr
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Which would be how robust?

As robust as we make it. I hope you are not implying we could not run an effective central bank?

[Green Sleeves]

Originally Posted by Colr
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

There are agruments for and against independence. I think economically, it would make little difference (with the exception that Scotland would have even less control over setting its interest rates) but the both Scotland and the rest of the UK would loose out in political terms especially in Europe by being smaller in land mass and population. The UK punches well above her weight on the world stage and this would be undermined by fragmentation. Especially in Europe France and Germany would have even more scope to turn policy to their advantage against that of Scotland and the UK - return again to the interest rate remark.

Do you mean like this
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Or like this
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Or like this:
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Cos its certainly not like this:
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

[1875]

Originally Posted by Smurf
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

I formed a friendship with a beautiful Brazilian academic (very long story and the Mrs might read my history although it was before the Mrs but still
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.
...) and she was really quite anti-United States and this was before Bush

Was that because she had a Brazilian?

I'll get my coat.

[Hampden_Hibby]

Originally Posted by Green Sleeves
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Do you mean like this
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Or like this
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Or like this:
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Cos its certainly not like this:
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

[Smurf]

Originally Posted by 1875
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Was that because she had a Brazilian?

I'll get my coat.

To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


I tried to find out... nearly but not quite..
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

[Colr]

Originally Posted by LanarkHibs
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

As robust as we make it. I hope you are not implying we could not run an effective central bank?

I think it could be done but the currency would not be strong and would tend to be rather buffetted by external forces.

I suspect what would happen is that the economy would function with two currencies much as Eire did before the Euro - probably running with Sterling and the Pound Scots. It could also be the euro but I suspect that because the english and scots economies are so closely linked it would be sterling from a practical point of view.

[Colr]

Originally Posted by Green Sleeves
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Do you mean like this
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Or like this
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Or like this:
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


Cos its certainly not like this:
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

There's a lot more
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.
in inerntaional politics than
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.
it just doesn't get the press.

More jaw jaw than war war. Being one of the world's most important financial centres helps with our internation links as well as our political connections

[SkyeHibs]

Originally Posted by Colr
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

I think it could be done but the currency would not be strong and would tend to be rather buffetted by external forces.

I suspect what would happen is that the economy would function with two currencies much as Eire did before the Euro - probably running with Sterling and the Pound Scots. It could also be the euro but I suspect that because the english and scots economies are so closely linked it would be sterling from a practical point of view.

Monetary and fiscal policies would determine whether the currency was strong and I would venture that all things being equal, with oil prices doing what they are just now if we had a Scottish currency at the moment it would be a strong currency. Why you persist with the opinion it would be a weak currency is not clear.

As for the Euro the SNP have said they will give the people of Scotland a referendum on the Euro.

[Colr]

Originally Posted by LanarkHibs
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Monetary and fiscal policies would determine whether the currency was strong and I would venture that all things being equal, with oil prices doing what they are just now if we had a Scottish currency at the moment it would be a strong currency. Why you persist with the opinion it would be a weak currency is not clear.

As for the Euro the SNP have said they will give the people of Scotland a referendum on the Euro.

Size of the economy using the currency and the amount of reserves backing it may be pretty important. It will also have the Euro and Sterling to compete with in financial markets. It would not be a strong currency which is why I think you would have a duel system as people kept using sterling as they did in Eire.

[Smurf]

Originally Posted by Green Sleeves
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Cos its certainly not like this:
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Just Not true..
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.


NINE BILLION POUNDS every year by the end of the decade will be spent by Britain on overseas aid making a huge and significant difference to many of the most vulnerable in the poorest areas of the world. 0.56% of gross national income. On target to be 0.7% by 2013. It's one of the most remarkable achievements by the current New Labour government. The record of the Tories was woeful.

[SkyeHibs]

Originally Posted by Colr
To view links or images in this forum your post count must be 5 or greater. You currently have 0 posts.

Size of the economy us