Norway is smart and invested its oil money wisely but unless we build a time machine Scotland is a bit late to the party for setting up an oil fund like Norway did. Norway does what British Columbia does exports their fossil fuels and claims they have a green economy because its not THEIR emissions.
I live in Pompey and know people that have lost their jobs over it, I hope the Scottish people appreciate it for now because they won't keep them if they go independent. We have all the experience, manpower, docks and equipment all in place here ready to take it all back.
Their funeral if they leave :P Wales will become our new bff and we shall love each other for ever! despite welsh reluctancey !
it was just an example of an economy which is reliant on a volatile resource (in scotlands case, oil), and with a dodgy financial sector. Just highlighting that its not the best example to use for Scotland....after all its economy totally imploded!
Norway would be better I think
to be honest, instead of splitting the union i'd rather just see it changed, give each country more power, similar to states in the USA. As it stands at the moment, England doesn't even have a parliment, it has Westminister which is suppose to represent the whole union, but really it mostly represents England, and i think Scotland has a bit more power than Wales/NI.
i do wish Scotland all the best though in whatever it votes to do.
quick question though, what currency does an independant Scotland plan on using? does the SNP want to adopt the Euro, keep the sterling or make their own?
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could fix it nearly though with a change of budget, make cuts in other areas, i imagine Scotland won't be spending much on defense for example.
It was dodgy, the new Icelandic government after the financial crash simply decided to reset the entire economy and implement new laws that let the state regulate banks a bit more.
Also, I never tried to compare Scotland to Iceland, I just wanted to say that Scotland should do relatively fine, seeing how a country like Iceland could survive. I definitely believe Scotland has more in common in terms of economy with Norway.
That's pretty fanciful. Scotland has a disproportionate number of civil service jobs compared to the rest of the UK. For example, the Student Loans Company employs a large number of people in Glasgow. After independence, why would the rest of the UK have a company from outside the UK running our student loans system for us? And Scotland has free university education! What would likely happen is that those jobs, and a number of other civil service jobs would head south over the border.
As for "messing around with currency" the whole point is that Scotland wants to manage its own financial affairs. Creating some sort of currency union with the UK seems to be missing the entire point.
As an Englishman I don't really care if Scotland leaves or stays, but if Scotland does leave I think there's a very strong case for dissolving the rest of the UK and making England an independent country too. Quite honestly Scottish independence could be a really good thing for England.
I'm not sure why independence would be so great...Do they really have a way of sustenance?
agreed. Make westminster a federal government, and give ALL UK nations a parliament.
as for currency:
salmond wants, the euro, no the pound, no the euro, no a new currency, no the euro, no the pound......even if he has to use it "unofficially"
Thing is it would be silly for the UK to enter into a currency zone, as it woudl potentially end up in the UK bailing out scottish banks, giving scotland a veto over tax and interest rates, and that will not wash with the remaing UK electorate in any way.
Yes they could accomplish this with devolution max but we arn't getting a chance to vote on devolution max because "extra options would confuse the voters". Because you know we are all idiots and can't understand how to select answers to two questions I mean our heads might implode! (or devolution max is far more likely to pass than idependence and people who are on the fence will vote for devolution rather than idependence so the SNP don't want the option. A bit like why they are allowing 16-17 year olds to vote in it because they think they are more likely to vote yes).
of course.
But the question is, at what level of spending?
the white paper suggests:
Raising minimum wage
upping income tax thresholds
settign up a sovereign wealth fund
lowering the pension age
giving free child care
setting up new "army", security services etc...
lowering corporation tax
increased spending on health
setting up a new broadcasting agency...
amongst other things.
But does not actually say what would be cut to pay for it.....stran
I don't even know why you want to leave, you get the same treatment as English, Welsh and Irish and sometimes even better *cough* free uni *cough*