An Independent Scotland?

ST4 said:
All the banks will be HQd in England anyway so FSCS will always apply. Companies like Tesco Bank, RBS etc which are HQd in Edinburgh are setting up domiciled companies in England as the bulk of their clients are in the UK not iScotland. The client base won't be effected nor will their isas.

The greater effect is on the Scottish customer as if their banks move south their funds are in a foreign country and the scots need to come up with similar legislation to safeguard Scottish savers in Scotland who wish to bank in Scotland.

Has Salmond thought that through, or are his policies catering for those that don't have much assets.

How does IHT work, when a wealthy person dies in Scotland. The bulk if their life they were uk residents. How much if any goes to the UK, what taxes does Salmond levie.

What's Salmonds position on house purchase taxes?
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I'm actually more so concerned about the likely brain drain that goes along with this scenario. They'll go back, but will take a fair few years unless there is plenty of money to be made in the short term.

I look forward to the juicy contracts that will be required to manage this split :)
 
ST4 said:
All the banks will be HQd in England anyway so FSCS will always apply. Companies like Tesco Bank, RBS etc which are HQd in Edinburgh are setting up domiciled companies in England as the bulk of their clients are in the UK not iScotland. The client base won't be effected nor will their isas.

The greater effect is on the Scottish customer as if their banks move south their funds are in a foreign country and the scots need to come up with similar legislation to safeguard Scottish savers in Scotland who wish to bank in Scotland.

Has Salmond thought that through, or are his policies catering for those that don't have much assets.

How does IHT work, when a wealthy person dies in Scotland. The bulk if their life they were uk residents. How much if any goes to the UK, what taxes does Salmond levie.

What's Salmonds position on house purchase taxes?
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Well we can't know all of this until there is a yes vote and then negotiations but I wouldn't imagine financial institutions or the government of both a prospective iScotland and rUK will be tripping over themselves to wreck their respective economies with punitive measures. Salmond has an economics background and worked for RBS so I'd imagine he's 'thought it through' more than once.

The Dissolution of Czechoslovakia was seen as a 'velvet divorce' but still had 31 overarching treaties and thousands of legal agreements that were still negotiated years afterwards.
 
dejongj said:
I'm actually more so concerned about the likely brain drain that goes along with this scenario. They'll go back, but will take a fair few years unless there is plenty of money to be made in the short term.

I look forward to the juicy contracts that will be required to manage this split :)
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Yep. I have a lot of banking experience in call centre, fraud and money laundering prevention, payment operations, ISA/JISA so am on the hunt in the event of a Yes vote for a decent role south of the border.
 
ST4 said:
Yep. I have a lot of banking experience in call centre, fraud and money laundering prevention, payment operations, ISA/JISA so am on the hunt in the event of a Yes vote for a decent role south of the border.
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Why does it need a yes vote for you to get a decent role south of the border? Surely you could get one now if you wanted?
I'd imagine if there are juicy contracts available to manage the split, they will be on both sides of the border.
 
Bobsyeruncle said:
Why does it need a yes vote for you to get a decent role south of the border? Surely you could get one now if you wanted?
I'd imagine if there are juicy contracts available to manage the split, they will be on both sides of the border.
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A good question. In a yes vote there will be decent contracts up here dismatling a lot of financial service infrastructure, then what...

Down there, there will be resetablishing jobs, once here, now there and that brings more permanence to the table. Believe it or not, I'd rather a no vote and stay here, I love the scenery and wilderness of the countryside up here, but the job market and uncertainty really concern me. I like stability more than anything. I cannot abide instability, risk and uncertainty, it is just the person I am.
 
ST4 said:
A good question. In a yes vote there will be decent contracts up here dismatling a lot of financial service infrastructure, then what...

Down there, there will be resetablishing jobs, once here, now there and that brings more permanence to the table. Believe it or not, I'd rather a no vote and stay here, I love the scenery and wilderness of the countryside up here, but the job market and uncertainty really concern me. I like stability more than anything. I cannot abide instability, risk and uncertainty, it is just the person I am.
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Why not stick around and see what happens. It may not be as uncertain as you think.
 
Bobsyeruncle said:
Why not stick around and see what happens. It may not be as uncertain as you think.
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I would for a time. My own circumstances, and you can probably guess my employer, are that in the event of a Yes vote the HQ's would be moved in England. However, I am not an HQ job, I work in another site. I know we have 5 years left on the building lease...

Now, there is a transition period from the yes vote to an independence date, probably between 12-24 months. I'd probably work that and job hunt and see if I can secure a decent package elsewhere, or if the lay of the land is positive, do nothing. I have the option. People in Scotland need bank accounts too, and that is the thing. Not one banking company has stood up to the plate and said, yes, Scotland presents a good business oppertunity to us in a Yes vote and we are going to set up there and make a home grown Scottish bank, based in Scotland, for Scottish people. If such a thing did happen, I might see the lay of the land very differently.

Indeed, with the right legislation and low personal and corporate taxation, Scotland does have the abilitybecome of the Switzerland of the North, but nothing is leading me to believe that's how it would be and indeed, that is not the route Salomond, Sturgeon, etc are going down. Its too left wing, too socialist, too Bolshie ever to go down that model.

If it were not so inclined, but was looking to be pro business, pro low tax, pro wealth generation and conservation, I'd be more inclined to vote Yes, despite by strong pro British feeling.
 
ST4 said:
Indeed, with the right legislation and low personal and corporate taxation, Scotland does have the abilitybecome of the Switzerland of the North, but nothing is leading me to believe that's how it would be and indeed, that is not the route Salomond, Sturgeon, etc are going down. Its too left wing, too socialist, too Bolshie ever to go down that model.

If it were not so inclined, but was looking to be pro business, pro low tax, pro wealth generation and conservation, I'd be more inclined to vote Yes, despite by strong pro British feeling.
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That's a hugely important point. It's much easier for small countries to be successful if they are pro business, but Scotland as a whole (its people and its politicians) just seems too wedded to the Socialist model.
 
StewartR said:
That's a hugely important point. It's much easier for small countries to be successful if they are pro business, but Scotland as a whole (its people and its politicians) just seems too wedded to the Socialist model.
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And that's why in the event of the yes vote, being a big potential opportunity, if it happens, will be worse than not having that opportunity at all.
 
Blank_Canvas said:
What happens if the result is a 50/50 split ? If it is that close it could be !
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Simple split Scotland down the middle everyone would be happy ;) Joking aside I think that would be worse than a yes vote but the chances of that happening are slim at least :naughty: before any one get's the wrong idea I meant the 50/50 split. What ever the outcome everyone will still have to live together up there :hug:.
 
StewartR said:
That's a hugely important point. It's much easier for small countries to be successful if they are pro business, but Scotland as a whole (its people and its politicians) just seems too wedded to the Socialist model.
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The times they are a changin'.....hopefully
 
Laudrup said:
It would take quite a lot of planning and building and money to move. You'd be unlikely to have nuclear weapons being unloaded and loaded that close to cities with large populations.
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And where is Aldermaston and Burghfield? Pretty close to Reading and not that far west of London.
 
Does anyone dispute that Scotland runs a deficit even with oil taken into account??? I thought the only dispute was whether or not the deficit was better or worse than the UK's.

Which is a bit of a bizarre "postive" if you ask me. "Well.....my friend and I are both spending more money than we earn but it's OK cos he's overspending by a larger margin than I am so I don't really have a problem.

Erm....you still do!
 
Byker28i said:
God I hope not -Switzerland hates big, noisy, polluting cars. All those fine roads to drive...
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The Scots do already. Road policing is very active in Scotland and I expect it to remain so as an independent country. Given the socialist nature of the government the people here approve on, big cars will see big road taxes. It'll be like France, very punitive on high end cars and speeding motorists-much more so than the UK is. The Scottish greens hailed a 50mph limit as a good thing for the motorways, and they'll probably get it. That's the sort of government the scots will get. One that scares business away , one that punishes wealth creation and conservation, one that punishes heavily nice possessions and enjoyment of nice things. Beer swigging football chanting louts however - they'll love it
 
Byker28i said:
Interesting read, and another source of:

Since Scotland runs a hefty deficit (even when accounting for all of those oil revenues)
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Yes, we know Scotland runs a deficit, as do many countries.
 
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ST4 said:
The Scots do already. Road policing is very active in Scotland and I expect it to remain so as an independent country. Given the socialist nature of the government the people here approve on, big cars will see big road taxes. It'll be like France, very punitive on high end cars and speeding motorists-much more so than the UK is. The Scottish greens hailed a 50mph limit as a good thing for the motorways, and they'll probably get it. That's the sort of government the scots will get. One that scares business away , one that punishes wealth creation and conservation, one that punishes heavily nice possessions and enjoyment of nice things. Beer swigging football chanting louts however - they'll love it
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Blah blah blah, time to change the record I think. Road policing is only very active in Scotland because they caught you:p
 
Bobsyeruncle said:
Blah blah blah, time to change the record I think. Road policing is only very active in Scotland because they caught you:p
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Not at all. I used to cover a significant annual mileage around the UK and within Scotland I was aware of much more speed traps and drink driving traps. Not saying in rUK these things aren't pursued but they are pursued, and with greater vigour up here. I'd also like you to consider the scots greens plan to cut speed limits on motorways.

In E&W what I did would have been dealt with as speeding, due to the lack of aggravating factors. Up here the speed alone was enough to get a DD40 but there are cases of greater speeds in England getting dealt with by lesser charges and therefore lesser sentences. And yes, I should have considered that before I did what I did. Lesson learned.

Either scots motorists do flout the law more or police Scotland catches more
http://www.heraldscotland.com/mobil...riving-after-taking-alcohol-or-drugs.22802022

http://www.moneysupermarket.com/car-insurance/monitoring-driving-distractions/
 
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Bobsyeruncle said:
A higher percentage to yes, and a lower percentage to no:LOL:
60/40
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Same ish, but reversed. 40% Yes and about 60% No. possibly 65% come to think of it.
 
ST4 said:
Not at all. I used to cover a significant annual mileage around the UK and within Scotland I was aware of much more speed traps and drink driving traps. Not saying in rUK these things aren't pursued but they are pursued, and with greater vigour up here. I'd also like you to consider the scots greens plan to cut speed limits on motorways.

In E&W what I did would have been dealt with as speeding, due to the lack of aggravating factors. Up here the speed alone was enough to get a DD40 but there are cases of greater speeds in England getting dealt with by lesser charges and therefore lesser sentences. And yes, I should have considered that before I did what I did. Lesson learned.

Either scots motorists do flout the law more or police Scotland catches more
http://www.heraldscotland.com/mobil...riving-after-taking-alcohol-or-drugs.22802022

http://www.moneysupermarket.com/car-insurance/monitoring-driving-distractions/
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Surely it's the courts that decide what penalty you receive, unless it's a fixed penalty.
Can you get a dd40 under a fixed penalty?
England has 12 times the population of Scotland, so it would he more difficult to catch folk. Do they have 12 times as many police? Not sure if they do?
I'm all for increasing the speed limit on motorways.
 
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