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Just to make it interesting, BBC breaking news is saying that all 3 main parties are saying no currency union... Euro or 100irnbrus to 1Buckfast ? 🙂
What is it we do with most of our renewable energy that we generate again?
anyway, back to my op.. this is about the only thing the No camp has confirmed so far and like someone else has said there's every chance the position will change in the event of a yes vote..
I really believe that this is just a negotiating position the no campaign are adopting. It will be interesting to see what Osborne actually says.
his is about the only thing the No camp has confirmed so far and like someone else has said there's every chance the position will change in the event of a yes vote..
Unlikely to change on that one I'd think having stated their case so firmly. A YES vote also seems very unlikely.
I really believe that this is just a negotiating position the no campaign are adopting. It will be interesting to see what Osborne actually says.
Believe what you like but why would he say it if he didn't mean it? This wasn't said as part of a NO campaign, it was said to try and put straight the ever increasing bluster coming from the SNP camp who are doing all then can at the moment to stir up hatred of the UK Government in the belief that portraying the UK Government as a load of bully English conservative toffs will increase their vote.
Yeeaaaahhh lets **** the English . . . . . . and also **** ourselves at the same time with this whole sorry process.
this is about the only thing the No camp has confirmed so far
Except the No camp actually haven't said it yet. What they've done is leak it to the media, who have happily and eagerly run with it. Apparently it's meant to be in a speech tomorrow - we have to wait and see if Osborne really does rule out a currency union.
If he does, what he's effectively doing is decoupling assets from liabilities - he's saying that while an independent Scotland should share in the debts of the UK, we should not share in the assets*. That's a pretty risky thing to admit to.
*and I'm sure some people will come along and say that Sterling is a liability not a debt - fine, add it onto the liability side of the balance sheet, it's still something that Scotland's population contributed equally to and should share in.
it was said to try and put straight the ever increasing bluster coming from the SNP camp who are doing all then can at the moment to stir up hatred of the UK Government in the belief that portraying the UK Government as a load of bully English conservative toffs will increase their vote.
So to counter the idea that the UK government is a load of bullying English Conservative toffs, we get bullied by an English Conservative toff?
Good plan.
I don't think this speech (if it says what it's leaked to say) is aimed at Scotland at all. I think it's aimed at little Englanders - "don't worry guys, we'll make sure Scotland doesn't get too uppity".
"Only 3% and 2% of those polled respectively said EU membership or currency was most important to them in deciding how to vote in the referendum yet our politicians see these issues as priorities."
It seems like Osborne might have picked the wrong subject to try to influence voters in Scotland on.Source is ScotlandSeptember18 a website set up to provide facts without bias.
Has anyone in the YES camp actually answered yet why Scotland would want to keep the UK pound, meaning that Scottish financial policy, interest rates and many other important decisions affecting Scotland would still be controlled from London? Surely this goes against everything that Independence stands for? Or would the SNP simply like to pick and choose the best bits of independence but still require lots of hand holding from the rest of the UK?
Has anyone in the YES camp actually answered yet why Scotland would want to keep the UK pound
Pragmatism
To be fair rebel, a yes vote is lookkng a lot more likely according to the polls.
I think this might be the reason the politicall gloves are coming off now...
So to counter the idea that the UK government is a load of bullying English Conservative toffs, we get bullied by an English Conservative toff?
He's just disagreeing with your point of view. [b]It's not BULLYING, it's called having a DEBATE![/b] Honestly, sometimes it's no wonder the Scots get accused of having a huge chip on their shoulder.
There's a lot of trade between Scotland and England in both directions, so it makes sense for both countries to share a currency.
The UK shared the pound with Ireland for seven years - and that was after a bloody war, not a referendum.
He's just disagreeing with your point of view. It's not BULLYING, it's called having a DEBATE!
A debate involves some kind of discussion, negotiation and compromise. He's not doing that - he's getting together with his clones in the other two main UK parties and issuing a decree.
If he says what it's leaked he'll say, of course.
It seems to be forgotten by both sides that the Irish Punt was pegged to Sterling unilaterally from the 1920s until Sterling was kicked out of the ERM...
The UK economy is looking at losing over 8.5% of it's value from only 7.5% of the population, the UK economy is looking at losing almost all of it's currently value natural resources (oil and gas) (Chinese coal costs mean mining in the uk is pretty much uneconomical)
The UK and Scotland would also be looking at exchange costs and the potential for massive tax differences (See N.I. when the R.O.I. whacked their corporation tax right down to get buisness for Dublin off London (and also look at how that turned out)
A currency Union on the above would appear to be in the interest of the UK as well as Scotland for internal trade.
Although provided a Scots pound was stabalised by asking the oil companies to pay us some of their taxes in Gold, Euros and US Dollars, my only real question is whether any of our bike shops could compete with Bike-Discount.
" worry guys, we'll make sure Scotland doesn't get too uppity".
I rather think its aimed at those - like me - who were both amused and concerned about Alex Salmond's absurd claim last week that the majority of the rest of the UK were happy about the prospect of a potential Currency Union with an Independent Scotland. Rather than having to have a referendum on that subject after a yes vote (& i do believe there would be pressure for such)they have simply headed it off at the pass.
I have no problem with Scottish Independence - rather the opposite - but I'm not backing up your experiment with my taxes.
I think a lot of this is really about English politics. Scotland doesn't matter politically at Westminster - our 56 MPs don't have much influence over anything.
But what really scares the hell out of Westminster politicians of all stripes is the SNP. Specifically the popularity of the SNP. The three main Westminster parties may have different names, but they're pretty much the same party - all right-wing, with identikit policies. The electorate doesn't really have a choice of different parties to vote for, and the parties like it that way.
But a decidedly left-wing socialist party that's very popular with the electorate? That's really worrying. That might give people in England ideas - like maybe they don't have to put up with ConDemLab clones. As the recent love bombing showed, loads of people in England really like the idea of a more socialist, egalitarian society and would move to Scotland in a heartbeat if we got independence.
That cannot be allowed to happen.
That's one reason i want Scottish Independence - it would really shake up UK politics.
bencooper - MemberBut what really scares the hell out of Westminster politicians of all stripes is the SNP.
Not [i]all[/i] stripes- Nigel Farage thinks the 2 main parties in Scotland are Labour and the Tories. 😆
Alex Salmond's absurd claim last week that the majority of the rest of the UK were happy about the prospect of a potential Currency Union with an Independent Scotland
An absurd claim backed by polling:
7 in 10 English people think an independent Scotland should keep the pound.
Ben, not everyone in the Union, or that survey, is English.
'keeping the pound' isn't the same as a formal Currency Union though is it? How neutral is the paper behind the survey?
Ben, not everyone in the Union is English.
Yes, sorry, that was sloppy.
A lot of the anti independence stuff comes down to the implication is that we Scots are too dumb to run our own country.
Many people here don't care what currency we use, whether we get get into the EU, or whether England will get an unfair share of the dissolved UK's assets, so long as we can get out of the union and live in a democratic country.
The fishing industry would love an excuse to keep the Spanish fishing boats out of Scottish waters.
Problems? We'll sort them and put up with whatever it takes.
I think a lot of this is really about English politics. Scotland doesn't matter politically at Westminster - our 56 MPs don't have much influence over anything
There was a certain chancellor and pm who [s]screwed up[/s] influenced our country quite profoundly.
There was a certain chancellor and pm who screwed up influenced our country quite profoundly.
But Scottish people didn't put him there.
But Scottish people didn't put him there
The English certainly didn't. Must have been the Welsh?
So who on earth voted for Labour in the last-but-one election?
5thElefant - MemberThe English certainly didn't.
Are you having a laugh? Labour took Westminster with 328 english seats in 1997, 323 in 2001! The english vote alone was enough to carry the country in all 3 of Labour's wins.
So who on earth voted for Labour in the last-but-one election?
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There's a lot of trade between Scotland and England in both directions, so it makes sense for both countries to share a currency.
We trade with lots of other countries but currency union with them isn't going to happen 😉
The key issue with currency union for the rUK nations is sacrificing sovereignty to be part of a currency union with a separate state.
There is a general election in 2015 and the negotiations will be in full swing post Yes vote. Do you think the rUK parties will get a mandate for a "soft" negotiation?
The Adam Smith Institute has an interesting take on it, saying that Scotland would be better off using the pound without the permission of the rUK, and would have a more stable financial system than the rUK as a result:
I like the fact Clegg has said the policy is not for monetary union. Given the solidity of the lib dems we can conclude he'll u turn on this for a modicum of power anywhere.
The US and Canada have lots of bilateral trade, but no currency union. It seems to work fine for them. I think AS should just come out and be honest about it and say that it would be fine for Scotland to have an independent currency.
Keep up Ben, that was covered on page 5!!! 😉
The ASI will be getting some unusual hits and references on this one!
So now it seems that Osborne won't say no to a currency union after all:
Is this where we get to talk about blatant BBC bias again?
There's a really cool website I need to find again, which does a Wikipedia-style tracking of how BBC stories change over time. Because they have a habit of silently editing their articles.
Keep up Ben, that was covered on page 5!!!
I just come on here to rant - you don't expect me to pay attention do you? 😉
That article is very interesting.. especially in light of the fact I've just watched Reporting Scotland where they stated again that they're all going to be ruling it out again tomorrow!
interesti g that the Treasury had already drawn up some requirement/tests that they would want to apply before negotiating.. which is what Osbourne is actually going to reject!
They are-Underwrite each others banks- fair enough.
Allow taxpayers in one country to subsidise the other-eh?
Reach broad agreements on tax, spending and borrowing levels on both sides of the border- seems reasonable?
😀
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Like I said wait and see what Osborne actually says. Meantime he, Cameron Darling et al are treating us like idiots.
A bit like salmond and sturgeon then!!!
Stop trolling thm! (Edit)!!!
Be careful with your punctuation up there^^^^ or someone might think you're joking !!!
That's not even close to trolling, I don't do that. The book of dreams and the unravelling of much of its contents proves that AS&Co have been taking everyone for idiots. But under scrutiny they are being exposed. The SNP are past masters of shutting down dissent - you are not following suit I hope.
Scotsman article saying much the same thing today
Currency sharing was always going to be the Achilles heel of the Yes campaign. So it has proved. It may have been more politic to allow the currency sharing proposal to quietly collapse under the weight of its own contradictions in negotiations with the rUK government. But that would be to allow a referendum vote to proceed on the basis of a collective deception – a plan that few believed would work. And many in the Yes campaign have long suspected that “Plan A” would never work. What, then, would be the point of a referendum based on a premise that many of its proponents know to be false?