The Canadian governor of the Bank of England has gone to Edinburgh to tell the people of Scotland what independence would mean for their money.
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30 Comments
Scotland WONT keep the pound. The English Pound will TANK without Scottish revenue to prop it up.
I worked with others to save RBOS when Sunak's short selling tried to destroy it.
YES๐๏ธ SCOTLAND INDEPENDENCE๐ด๓ ง๓ ข๓ ณ๓ ฃ๓ ด๓ ฟ๐ด๓ ง๓ ข๓ ณ๓ ฃ๓ ด๓ ฟ๐ด๓ ง๓ ข๓ ณ๓ ฃ๓ ด๓ ฟ
Only the fool would vote for something that would bring sterlingisation.
The union has long been broken Scotland wants out, N Ireland wants reunification with Ireland Wales wants out if you believe Plaid Cymru so the English nationalists will get what they want.
Hold on โฆโฆ.! At no point do I see Mark Carney say any of which this reporter says ? Why not is it because Carney doesn't say this play on words at all? Is it possible this is Carney warning Scotland not to tie its self to the Euro or the bank of England? After all Carney is on record stating Scotland's assets are worth north of ยฃ1 trillion sterling which works out more than 5 times its worth being linked to the UK and 32 two times that which it receives from the Barnett formula…..!
I do think there are shenanigans afoot and its is with good reason the Westminster government is shitting its self at losing Scotland.
RBS is not a Scottish bank it is a private bank
RBS is not a Scottish bank it's a British bank.
Scotland just go !! No more UK funding , no more sterling currency , letโs see how you get in with the EU taking all your fishing waters and the euro
No more independence for Scotland period
The Irish got rid of their Pounds and joined the Euros. Why can't the Scots? They may find themselves forced to adopt the Euros as EU pressurise all new members to adopt Euros. No ifs. No buts.
Canโt wait until carney goes back to where he belongs, to that socialist cuntry called canada
The pound belongs to the UK and not up for grabs by krankie….you want to leave good….do so on your own merits keep us out of your crappy decisions.
4:52 Ross McEwan Scottish sounding name but sounds like an Aussie to me, hold on looked him up and he's a KIWI, gets an OBE and then on 12 months notice being kicked out, (Resigned) you couldn't make it up, ludicrous.
Trust the Scot's Quote "Royal Bank of Scotland's Chairman (Sir Howard Davies) has admitted it is "unlikely" the (UK ie England) Government will get back all the ยฃ45.5bn pumped in to the bank." unquote – be lucky to get back a bag of carrots, lost a further ยฃ130 BILLION Since it was Rescued !
1:55 Just taken a screenshot and set my printer on fine with Photo Quality off to Tesco's tomorrow and get new 4K TV a Months Groceries and pocket the change Ha Ha. Tip Set Screen (Settings) to 720 p – piece of cake.
As an Englishman paying high Taxes for free everything in Scotland Iโm looking foward to not funding you !
The poison dwarf doesn't live in the real world. She wants to join the EU so Scotland would have to adopt the euro.
ยฃ100 million?
Small change, compared to the $100 Trillion note I've got. ๐
The people who want independence have to realise that it would mean a hard border between Scotland and England,border checks and tarrifs imposed it would be seen as a separate country and treated as one also no more bail outs from Westminster and they will also lose there currency i dont sturgeon and her lunatic mates realise this take it from me we are stronger together.
No pound if the SNP want to be in the EUROPEAN union .
The European monetary fund can foot the subsidies not the rest of the UK
ink on A4 printer pape locked in a box….says a lot.
wakey wakey shepple
well good luck to you scots if you decide to leave the uk Bankrupcy and a ffffffin berlin type wall await
Scotland wants to be a Northern County of the Nazi EU. They know that they cannot survive on their own and have decided better to be subservient to the Nazi EU than London West Minster Government.
The SNP rely on the general public's ignorance of the economic consequences of Scotland leaving the UK. For example, Scotlandโs national deficit is running at ยฃ12.6bn or 7% of GDP, including North Sea oil revenues, compared with the UKโs total deficit of ยฃ23.5bn or 1.1% of GDP (which includes Scotlandโs figure). Therefore, over 50% of the UK's total deficit is due to Scotland's over spending.
Compare that to the population. Scotland has a population of around 5.4 million or 8% of the UK's population. Therefore it's blindingly obvious that the rest of the Union is heavily subsidising Scotland.
Regards their joining the EU, that's complete fantasy as EU membership rules require member states to have a budget deficit below 3% and to adopt the Euro. Therefore, the EU wouldn't allow Scotland to join as it stands and unless Scotland gives up sterling. The reason Greece needed a bail out was because it ran its finances in a similar way to Scotland, the EU zone can't afford another bail out, it's still paying the economic consequences of the last one with youth unemployment in Greece, Italy and Spain running at between 42% and 49% as those government's can't take the measures they need to stimulate their economies because of the 3% of GDP deficit cap imposed by the EU.
Exports to theย rest of the UKย account for 60% of all Scotland's exports, EU exports account for 18% and non-EU exports 22% (the USA continues to beย Scotland's top non-UK export destination at ยฃ5.5 billion per annum). Therefore, all the fuss over a border between Northern Ireland and Ireland would pale into insignificance compared to having a border between Scotland and the rest of the UK.
I could go on but you'll never hear the SNP telling you these facts because they would lose the argument hands down. Not surprisingly many in the UK would actually support Scotland leaving the UK because the rest of the UK wouldn't have to keep subsidising the over spending by the SNP who are blatantly overspending to "buy" the support of the Scottish electorate with popular policies like no university tuition fees, free prescriptions and social care. All very good things to provide when someone else is paying for it!! Interesting that's why De Gaulle introduced the Common Agricultural Policy in 1962 because that's how he funded his supporter base when he was the President of France, i.e. getting someone else to subsidize (mainly) French farmers because France was on the brink of bankruptcy due to it's funding of farming subsidies. To this day 40% of all EU spending is on the CAP propping up inefficient businesses that own the vast majority of the EU's land mass.
It's a mad world!
Pretty worthless paper
If they did manage to stay in the eu they would have to use the euro as that is what the eu now says any new member cant opt out of the euro so they wont be independant as they will be ruled by the eu why do you think we voted leave so we have a say
Scotland. PLEASE LEAVE. You can be 'Independant' and a member of the EU. Good luck with that. Nicola Sturgeon is a wide mouth fish, in a tiny little bowl.
English banknotes don't promise to pay you in Sterling. They don't even have the word 'Sterling' written on them! Don't believe me? Grab a fiver, tenner or score out of your pocket right now. English ones will not have Sterling printed on them, Scottish ones will.
The Bank of England was yet another Scottish invention , by Mr. Patterson , the first MP for Dumfries . Ireland , Australia and NZ all used the pound for decades after independence .