The people's republic of Scotland

[private fraser]

Have a read of the following as well and see what you think.

Wings Over Scotland | The Wee Blue Book

Tried it..didn't get far.
Two big points.. there's no way Salmond can tell what the EEC what to do. The president of the European commission Jose Manuel Barroso is on record as saying that Scotland would have to Apply for membership. That means within 2 years it would have to accept the Euro.
On BBC news tonight there wsz a company making cycling clothes whose owner said that even if they were out of the EEC for a few months they would have to move south of the border.
Prob #2.. Re negotiations with RoUK...the RoUK reps who will be seasoned senior civil servants will want the best deal for Their country...they will be able to last the ride better than we will and I'm sorry but I think they will our reps look like muppets.
Check out the latest on BBC financial / political news...re Credit Suisse and Saxo bank Nomura..they say Scotland will face a deep recession.
These boys are not biassed towards your side of mine...they just tell it like it is.
You can dismiss all that if you like.

 

[Taff]

I did read and as I said they're not getting to do it twice!

Scottish West Coast untapped oil and gas reserves worth trillions - Oil and Gas News

an interesting read full of its , buts and could be,s , the problem is it contradicts it's self in so many places, there is oil but we can,t get to it, a bit like saying if we could catch one bolt of lightening we would not need any other form of energy for the next twenty years, but we can,t.

 

[Mick9abf]

http://www.dailymail.co.uk/news/article-44255/BP-announces-record-profits.html


I don't doubt for one minute BP want a no vote.


The bigs guns are now north of the border do you think we will see them shouting for a no vote on the streets of Toll Cross .Regards campaigning near a school isn't that what the tory,s started decades ago lifting baby's and saying we really care.


No one said it was going to be easy but after reading the negativity from the English chaps to the Yes voter types.
It is definitely time for change.

6pointer,

I can't vent false outrage at an article from the Daily Hate but the article is a bit misleading; the figures mentioned are from its worldwide interests with the biggest profit (according to the article) being from America. It actually stated the British side is in decline but no matter, it is no big secret that the big companies are making massive amounts of money from shale gas extraction - nothing to do with what you pay at the pumps.

I could be wrong but I'm sure I read Shell or BP recently increased profit by 10% off shale gas alone - but that's not what is sat off of our coast.

Just listen to what Feugh is saying, or if not him watch the news tonight as I have just done and see what Sir Ian Wood is saying, I think he might have grasped the basics in relation to the oil industry....

 

[wivenhoe65]

This is the most important stroke of a pen most of us will ever make.

I have every reason to tick the No box but just cannae do it, bottom line no matter wot happens and wot i read and there is many flaws unknowns (but there is also a hell of a lot of sh**e to wade throu on both sides), is i truely believe scotland should be independent and honestly can't see why we can't thrive.
The biggest problem will be Salmond and the SNP/left wing policies, but u never ken the new non english tory party may be revived in scotland

From the interview with Ian Wood , a man who apparently tried to stay out of the debate

“So offshore oil and gas cannot figure significantly in Scotland’s medium term economic calculations.“It means our young voters must be fully aware that by the time they are middle aged, Scotland will have little offshore oil and gas production and this will seriously hit our economy, jobs, and public services.“What’s more, the rundown impact will begin to be felt by 2030, which is only 15 years from now.”
So it appears Scotlands future may be being risked on faith alone , the much talked up backstop of oil .......... possibly only a short term crutch , maybe a while longer if the dice roll comes good.
But you are not voting just for yourself but for the generations to come , you might regard that as another reason to vote yes ,personally , having to provide food on the table and a roof over their heads for my family i would never risk such a throw of the dice on an intangible concept as freedom , we all have masters of some sort to satisfy , freedom means many different things , a 'stolen' morning spent stalking when we had something more important and pressing to do , speaking our mind to our boss , spending too much on that scope , a cross in a box on a ballot paper .Freedom comes with consequences .
Be ready to live with the consequences in your vote for independence ,i most sincerely hope you do not live to regret it.

 

[private fraser]

I have come to the conclusion that there are some folk out there who would actually have to drown before they admit that it could be possible.
Even then they would be still be arguing that it's a just a lot of if's and buts and that there were very few facts out there.
Night night

PS...just seen on news re Standard Life planning to move South if it's Yes.
That's guaranteed more No voters then.

 

[african jack]

no more EU farm subsidies happy days

 

[countrryboy]

Just watched newsnight there (twice in my life and both this week) some prof/expert was on from LSE and said not a big deal if these companies move south as they are only moving the "brass wallplate" not all the work force etc. So may not mean all these jobs are lost
He said most of these finacial type things are often owned by large international companies anyway and the finance sector doesnae realy bother about international borders as trade is completely global

He didnae seem to think the currency thing was a big deal, all the panel said the sharing the pound would be a non starter really but either using the pound unoffically or a compleltely new currency were easily possibly
Dunno why SNP doesnae just drop the pound sharing as it does seem to take to much away from independence.
In this modern era of chip and pin etc the currency tye/name has never mattered so little, u just hand over ur card

 

[Taff]

O so simply economics, if currency does nae matter, why do we have so many, because people like the different colour paper

 

[private fraser]

How do you think it would go down if Cameron was to tell rbs Lloyd's and standard life to relocate their head offices to London ????

Its Salmond idea (by reason of consequence) so it's all OK no problem

Go figure

ps... Still guarantees more voters though 'cos folk there know the Facts even if others don't .

 

[howa243]

Cameron has played a bad hand. If he was going to offer a referendum in the first place he should have (as all politicians do) rigged it, but instead he allowed over 16's to vote. Everybody with a brain knows that young voters are more militant and would be more likely to vote yes. Then he ran a crap 'NO' campaign and now he is trying to bribe the electorate which could end up meaning Scotland costs more than at present. This will obviously **** off the English voter. He is toast.

 

[NOTSHARP]

Just watched newsnight there (twice in my life and both this week) some prof/expert was on from LSE and said

not a big deal if these companies move south as they are only moving the "brass wallplate"

not all the work force etc. So may not mean all these jobs are lost
He said most of these finacial type things are often owned by large international companies anyway and the finance sector doesnae realy bother about international borders as trade is completely global

He didnae seem to think the currency thing was a big deal, all the panel said the sharing the pound would be a non starter really but either using the pound unoffically or a compleltely new currency were easily possibly
Dunno why SNP doesnae just drop the pound sharing as it does seem to take to much away from independence.
In this modern era of chip and pin etc the currency tye/name has never mattered so little, u just hand over ur card

If it's "no big deal", why then when it was announced, were billions of pounds wiped of the stock vaues?

It is uncertanty in the future Scottish economy that causes this.

As far as I remember, no one has said that an independant Scotland could not use the pound sterling, or issue a new currrency, so nothing new there.

You are correct, as far as the average Joe ( or Jock ) using a debit card to pay for goods, is concerned. But, we are not talking about the average Joe/Jock, we are talking about an independant Scotland, having to trade, and borrow money on the international markets, with either no control over the currency it is using ( sharing the pound sterling ), or using a new currency with no track record - like you, or me, applying for a loan, when not having a good credit history. Yes, we may be able to borrow, but beware the interest rate.

How anyone can not be concerned about this, is beyond me.




Steve.

 

[6pointer]

There are some Exciting times ahead for the Scottish people if the vote goes to yes. All the gaps that are left by the companies moving south (my ass). It will only be a matter of a few months before Scottish people ban anything made in or run by England.
Chance for a real Scottish pound and run by a central bank of Scotland in Scotland and the creation of a real financial centre in the centre of Scotland to follow. FT might shake a bit but we will be ok we are hardier than the English check the cold weather payments lol.

 

[ELMER FUDD]

RBS, LLOYDS and Standard Life all saying they will move head office to London on a YES vote where they will be protected and regulated by the bank of England.

There is the YES vote saying no job losses but if they are moving then who is going to be working there?

From BBC News

Elsewhere, John Lewis chairman Sir Charlie Mayfield claimed shoppers in Scotland could face higher prices if the country votes in favour of independence.
Sir Charlie said the retailer had no intention of reducing its commercial presence north of the border, where it has nine shops, a contact centre and employs more than 3,000 people.
But he cautioned that firms were unlikely to continue sharing the burden of higher operating costs in Scotland across all UK customers in the event of the break up of the Union.
He told BBC Radio 4's Today programme: "From a business perspective there will be economic consequences to a Yes vote, not just in uncertainty but some of the turmoil we are hearing about.
"And it is also the case that it does cost more money to trade in parts of Scotland and therefore those hard costs, in the event of a Yes vote, are more likely to be passed on."
Continue reading the main story[h=2]“Start Quote[/h]

Lloyds would move its legal home to its head office, which is already in London - and that's unlikely to have much impact on Scottish employment”
​

Robert PestonBBC economics editor
But he added: "On the day after the referendum the shops are going to open on time, nothing will change."
Angus Grossart, chairman of merchant bank Noble Grossart, said that people should "not panic" following the decisions made by the two banks. He told the Financial Times that the impact of a Yes vote was "severely overstated".
BBC economics editor Robert Peston said that that if RBS, 81%-owned by the UK government and which owns 11,500 people in Scotland, moved its head office and registered office to London it "would involve some jobs moving south".
However, he said the situation with Lloyds was different: "Lloyds would move its legal home to its head office, which is already in London - and that's unlikely to have much impact on Scottish employment."
A Treasury source told the BBC that it had discussed the plans with RBS.
On Wednesday, insurance and pensions giant Standard Life said it was "planning for new regulated companies in England to which we could transfer parts of our business if there was a need to do so".
Treasury Chief Secretary Danny Alexander told BBC2's Newsnight: "When a company like Standard Life says that it would, unfortunately, sadly, have to relocate its business to London that is not some sort of decision that they make lightly.
"They make it on the basis that they regard that as the best way to protect their customers under the new circumstances.
"When we hear Lloyds and other banks making clear that they would have to do the same, again that is not something that they say lightly. They say it having thought about it, having talked to their board and to the senior people in those companies."
And Mr Grossart, one of the most senior figures in Scotland's financial establishment, said people were "overreacting" to the threats of exodus of firms.
"I think it is getting out of hand," he told the Financial Times. "To hear some of the comments you almost expect people to be predicting a plague of locusts or mice next."

 

[private fraser]

Most folk would regard three major companies relocating their offices Out of a country as a Bad Thing.

Not your Yes voter though, oh no, it's an "opportunity".
Folk who work in a head office know they have more job security than if they were in a subsidiary.
As they say in N.I. ... "the dogs in the street know that"
A head office can downsize, relocate or shut a subsidiary.

And if this goes through that's what we will be left with in the case of these three companies...subsidiaries.

The Royal Bank of Scotland, founded in 1727 may have it's head office in England.
Well done Alex...your a patriot.

But hey, no worries...it's all "chip and pin" these days

The "nothing to fear except fear itself" slogan is wearing pretty thin guys.

These are real people with real jobs and real mortgages.

Think on....ffs.

 

[LuckyEddie]

Most folk would regard three major companies relocating their offices Out of a country as a Bad Thing.

Not your Yes voter though, oh no, it's an "opportunity".
Folk who work in a head office know they have more job security than if they were in a subsidiary.
As they say in N.I. ... "the dogs in the street know that"
A head office can downsize, relocate or shut a subsidiary.

And if this goes through that's what we will be left with in the case of these three companies...subsidiaries.

The Royal Bank of Scotland, founded in 1727 may have it's head office in England.
Well done Alex...your a patriot.

But hey, no worries...it's all "chip and pin" these days

The "nothing to fear except fear itself" slogan is wearing pretty thin guys.

These are real people with real jobs and real mortgages.

Think on....ffs.

Well personally my wife's, the kids and my account are now being taken out of RBS and transferred to a totally Scots bank!

 

[howa243]

Well personally my wife's, the kids and my account are now being taken out of RBS and transferred to a totally Scots bank!

Which one?

 

[private fraser]

Well personally my wife's, the kids and my account are now being taken out of RBS and transferred to a totally Scots bank!

Problem solved

 

[private fraser]

Which one?

No location Howa...you're not in Nigeria ?

 

[ELMER FUDD]

More doom and gloom.
Three major banks warn Scotland it faces deep recession if it goes it alone: Analysts say price of independence could be wage cuts, unemployment and mass home sell-off

• Warning came from Credit Suisse, Denmark's Saxo and Japan's Nomura
• City analyst also said major Scottish-based banks would relocate to London
• There could be an echo of 1993 run on savings in broken-up Czechoslovakia
• Edinburgh estate agent claims millions in house sales are waiting for No vote

By PETER CAMPBELL and ROB DAVIES FOR THE DAILY MAIL
PUBLISHED: 23:33, 9 September 2014 | UPDATED: 00:09, 10 September 2014
5.9kshares

661View comments​

Three major banks say Scotland will be plunged into ‘deep recession’ with wage cuts and rising unemployment if it goes independent.
Analysts at Credit Suisse also said people would rush to pull their savings out of the country’s banks unless the Bank of England guaranteed them.
Nomura, Japan’s biggest bank, has already advised its clients to pull money out of the UK until after the poll in case the pound collapses.
Scroll down for video

+4


Safe as houses? Three major banks from Switzerland, Denmark and Japan have warned of financial catastrophe if Scotland wins independence as an estate agent warns millions could be lost in property sales

It comes as Scottish estate agents reported a freeze in home sales as buyers wait until after the referendum on September 18. They are also bracing themselves for a ‘flood’ of homes to be sold in the event of a Yes vote.
The pound fell to a ten-month low against the dollar on Monday, the day after a shock poll gave the Nationalists a one-point lead, and experts warned it could drop even more.

More...

• Don't rip our family apart: Cameron gets passionate about the Union in highly personal article for the Mail... and warns there will be no going back if Yes vote wins
• How No vote could give more power to the English regions: Clegg says rejection of independence will lead to a 'much needed rewiring' of how the UK is governed
• 'The NHS saved my sight and did everything for my baby Jennifer': Brown invoked memory of his late daughter to 'nail the SNP lie' health is not safe from Westminster

A holidaymaker taking £1,000 spending money to the US will soon get just $1,500 for their money, compared with $1,717 in July, under predictions from Credit Suisse and Denmark’s Saxo Bank.
Another investment bank, Citi, warned that separation would drag down the economic recovery of the rest of Britain.
Citi analyst Michael Saunders said splitting the union would ‘hit growth in both Scotland and the rest of the UK’, and global firms would be more likely to halt investment or expand elsewhere.
With eight days to go until the vote that could end the 307-year-old union, major question marks remain about the currency of an independent Scotland or how much national debt it would take on.

+4


On the soapbox: Nato's former secretary-general Lord Robertson and Labour MP Jim Murphy in Edinburgh

Mr Saunders said Scotland-based Lloyds, TSB and Royal Bank of Scotland would all relocate – ‘most likely to London’ – after a Yes vote.
This would shrink the economy as well as taking thousands of employees and their spending power with them. Standard Life has already drawn up contingency plans for a move South.
Mr Saunders added: ‘A Yes vote would create considerable economic and political uncertainties for the UK, which would not fade quickly.’
Nomura told investors in currencies and British pension funds that a Yes vote would be a ‘cataclysmic shock’ and sterling could drop by at least 15 per cent in the run-up to the referendum. Clients were also told to sell shares in RBS and Lloyds because they do so much business in Scotland.
‘The Scottish referendum could heighten uncertainty for institutions with significant cross-border business,’ Nomura said.

+4


Fightback: Leading the No campaign, Gordon Brown has found support in the man who replaced him as PM

Andrew Garthwaite, of Credit Suisse, said: ‘In our opinion Scotland would fall into a deep recession.’
He also predicted a ‘large-scale deposit flight’ – or a run on savings – unless the Bank of England stepped in to guarantee Scottish bank deposits, as happened when Czechoslovakia broke up in 1993.
Mr Garthwaite also said that even if Scotland kept the pound, wages would fall by up to 20 per cent.
Property industry sources predicted that house prices could suffer if Scotland gains independence.
One Scottish estate agent said: ‘Since August we’ve been getting noticeably far less calls and enquiries. You could have a flood of properties for sale as people jump ship to move to England.’
Mark Coulter, who runs Coulters estate agents in Edinburgh, said he had millions of pounds worth of housing deals on hold until after the vote.
‘We’re acting on behalf of people who have said they will pull out in the event of a Yes vote. They will be buying another property, and another deal will fall through.’

+4


Popular vote: But people in Scotland could see wages fall, according to Andrew Garthwaite of Credit Suisse


B&Q: YES VOTE WILL HIKE PRICES

The boss of B&Q owner Kingfisher has joined a growing number of retailers threatening to hike prices in Scotland if it divorces itself from the UK.
Sir Ian Cheshire had already warned he will mothball investment in Scotland if it votes for independence until details of the separation becomes clear. But he went further yesterday, saying: ‘Smaller, more complex markets often mean passing higher costs on to consumers.’
Earlier, Morrisons chief executive Dalton Philips said: ‘If the regulatory environment was to increase the burden of the cost on business, that would potentially have to be passed to [the] consumer. Why should the English and Welsh consumer subsidise this increased cost of doing business in Scotland?’


SHARING POUND 'IS NOT VIABLE'

Alex Salmond’s dream of sharing the pound is ‘incompatible with sovereignty’, the Governor of the Bank of England warned yesterday.
Mark Carney said Scotland would have no real control over its economy if it tries to keep sterling – casting doubt on the value of independence. And he warned it could fall victim to eurozone-style financial chaos if the SNP goes ahead with its pledge to use the pound.
Mr Carney pointed out that all three Westminster parties have ruled out allowing an independent Scotland to enter into a currency union. The comments cast huge doubt on the Yes campaign’s assertion it could keep powers over tax, spending and borrowing in such a union.



Market Update: Pound, Scotland and leading shares (related)

Read more: http://www.dailymail.co.uk/news/art...loyment-mass-home-sell-off.html#ixzz3CzvTrfTp
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[RED-DOT]

I seem to remember BofS in the nineties going to sell Parkhead and force Glasgow Celtic to play on a toxic wast site in Rutherglen and the Daily Rebel newspaper ran a campaign for its supporters and their families to close their dealings with BofS and guess what happened next??
Scots are facing a historic decision in a weeks time and whatever the outcome we will make a go of it and if the turnout is as high as i hope it is the decision will be ours.
Either way it's not a bad place to stay.