Nope. You are basing all this on Scotland as it now is, with no power in reality to set itâs own tax rates etc. Scotland, as you know, if independent, would be a stable democracy.
The multinationals piled into an Ireland that was at the time staring into an abyss with govt bonds changing hands at 15 %
Why?
Because the govt arranged for them to pay no tax, and filled them with grants. Itâs only since Charlie haughey that Ireland has any track record, starting by and large with the duty free zones and enough EU cash to pay companies to set up.
Scotland can do exactly the same. Why couldnât they? They have an educated workforce just like us.
The multinationals are here primarily as the govt will bend over backwards to avoid their paying any tax on profits. The Scots could do exactly the same if independent. If you think Scotland wouldnât be a stable democracy you are being wilfully blind. We have a headstart on them, that is all.
Btw we shat our pants at the thought on more than one occasion at being an independent state.
The Scottish vote was Craven, and based upon exactly the kind of sleekit gombeenism which entices corporations. They think the same way we do. They would be on our doorstep with better infrastructure, better links to the mainland, and a land border with a major market.
Scotland, if independent tomorrow, arenât a realistic threat for 10 years. They would be a threat in time but any Independence move will leave them a bit fucked for a few years trying to stabilise their finances and get a working currency in order.
Tbh Brexit has made independence more remote for me. Itâs another layer of uncertainty and the SNP donât want a referendum at this time.
The result of the Brexit referendum has destroyed the theory that people donât vote for uncertainty.
Sure Scotland voting for independence would be voting for uncertainty, but voting to stay within the UK would arguably be voting for more of it.
History doesnât stand still. How many new countries have been formed in Europe since the start of the 1990s? Close to 20, I think? The potential emergence of each of those new countries would have been classed as wishful thinking on the part of those who wanted them to be formed, until the formation of these countries actually happened.
Pretty much any political idea you can think of that has ever come into being might have been termed wishful thinking, until it actually happened.
The Scots are running an 8%-10% budget deficit (depending on who you ask) at the moment topped up by the UK (well England) an exit would require a pretty painful adjustment for them.
In addition Oil prices have also fallen off a cliff from where they were at the time of the referendum when even at the those higher prices commentators were dubious they could balance the books. I wouldnât be worried about the Scots for a while.
Nope, youâre grossly underestimating what it would take for Scotland to mimic Irelandâs achievements. Iâm not saying they couldnât do it, but again itâs not just about tax, itâs know how and relationships on a broad business spectrum that Ireland has build up since 1949 when the IDA was established, although as you say it was the mid 60s before it got truly going. Throwing words like gombeen around just highlights how out of touch you are, the IDA are a superb professional outfit with top notch professionals at every every of the organization. Admittedly they operate in spite of the morons above them in government and not because of.
We certainly did, and look at what it did to the country. Do you think the Scots have the stomach for that kind of austerity? The SNP are already freaking out over the current conservative cuts, have they the bottle to implement them and way, way worse themselves?
A fluctuating oil price is not something you can build an economy on, Iâm sure they would try to diversify as much as possible and may succeed long term but a key component of the financial viability of an independent Scotland was the high oil price. That is no longer there. The numbers do not stack up currently.
There was a lot of cash waiting in the wings for a buying opportunity and they are buying buying buying.
The market was looking for a correction and it got a sort of a correction. I donât know where we go from here but the Dax is as high as it was pre Brexit decision.
Actually looks like the UK leaving the EU wasnât such a terrible thing for the markets.
Oil prices are very likely to stay low forever. Why do you think every producing nation is pumping at maximum capacity, flooding a market that is already saturated? Because they know the clock is ticking and demand will continue to fall as replacement technologies take hold. The majority of vehicles on the road within 25 years will be electric, and pretty much every other industry depending on oil and gas today will have transformed to clean energy. People donât realize how fast this transformation is going to occur.
The SNP ran their platform on a number of âsafeguardâ pillars. It was independence but keeping;
the pound
a strong NHS
No border with England. Membership of the EU allowing free trade ect to continue
Various voters just couldnât believe they could do all that and voted to stay.
I fail to see how after this Referendum these are enhanced. Staying in the EU is more remote. Before, if they had left, it would have made sense for Westminister to relent and push for Scotland to remain in the EU and splice out as a seperate country (Westminister certainly didnât want a border). The EU have now frozen out Britian of any discussions on the future direction of the bloc. Who is going to advocate for them now? Spain? Belgium?
Thatâs before we consider about Westministers new relationship with Europe. Say Scotland does get an opt into the EU but Westminister gets an agreement in place that they can stop freedom of movement. A border would have to go up. These are issues that are complete unknowns at the moment but are possibilities given what the English voted for.
A key SNP argument was oil, the oil price has tanked.
Talking about Eastern European nations branching off is fine- how many were existing, relatively prosperous members of the EU? There was far less to lose for these places than Scotland, a relatively prosperous nation. A nation which enjoys two single markets already.
As for people voting for uncertainties- that is valid but there has to be a few caveats. The majority of votes to leave were people who could focus on pet issues like immigration- pensioners, middle class homeowners and the unemployed. Furthermore, whilst Leave might have been able to run on an anti establishment âfuck the expertsâ tag line, playing down the economic consequences of leaving, people are far more aware that there is actually an impact to be felt.