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10 Comments
Januarisays...Have always, and can't imagine ever not loving bagpipes!
RedSkysays...Economically, it'd be really counter-productive for them to leave.
They currently receive more in revenue that they pay in taxes and receive more generous social programs than England. Like mentioned, they'll get full control over their oil reserves just as output begins to decline. Also their banking sector (relative to their economy/tax take) is huge and will have to shrink as investors will see it as a risk and divest otherwise.
They'll most likely retain the pound as the currency by default (at least in the short term), but lose control over interest rates. If the economy sours they will have the same problem that indebted Mediterranean countries had, in that all the pressure will fall on wages and job cuts rather than being eased by lower rates or currency depreciation. If they join the euro, they will of course have same issue.
Speaking of which, an interesting point is that with a large liberal wing of the UK leaving, this will strengthen conservative arguments to leave the EU.
fuzzyundiessays...I'm an American recently expatriated to the UK to travel Scotland with my English girlfriend, so I find it particularly ironic that this is *blocked.
siftbotsays...Invocations (blocked) cannot be called by fuzzyundies because fuzzyundies is not privileged - sorry.
Sniper007says...They'll still use a monetary unit issued by the same international bankers I'm sure, so the political distinction is largely moot.
Sniper007says...Now if they were going to issue their own currency... Then I think you'd see a rash of unexpected apparent suicides and convenient fatal accidents to key persons until the idea was scrapped.
Barsepssays...*blocked In the UK (Ironically)
siftbotsays...This video has been flagged as having an embed that is Region Blocked to not function in certain geographical locations - declared blocked by Barseps.
siftbotsays...Scottish Independence - Groundskeeper Willie has been added as a related post - related requested by ChaosEngine on that post.
ponceleonsays...Holy shit. John Oliver > John Stewart
Discuss...
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