Reply To: Goings on north of the border…

#138782
Wigwam
Participant

    Ok, I’ll allow myself to be drawn into this Daf.

    You say: Any shortcomings in Scotlands economic situation can only be because of the Union.

    Are you willing to explain what you mean by that?

    Do you recognise that because of the Barnett Formula millions of pounds of taxpayers money is shifted from England to Scotland which pays for free universities and prescriptions for the Scottish people and this would be lost in the event of independence?

    Do you have any thoughts on what currency Scotland would adopt? Would they keep the UK pound but not have any say over the economic policy that supports it?  Or would they adopt the Euro with similar lack of control ( until and unless they join the EU).  Or would they float their own Scottish Pound which would mean international borrowing rates would be impossibly high because the IMF would impose them until the currency proved itself stable.

    Happy for your thoughts..