The oil companies would have massive leverage in the short term. They have fields all over the world. A few mutterings about uncompetitive tax, blah, blah, prioritize other areas, would really focus Scotland's mind. As would finance too. As Simon Wren-Lewis, it's one thing to moan about how the UK is captured by interests, but nobody seems to have shown that Scotland would resist them any better.TechnicalEphemera wrote:I am not a yes supporter. However.yahyah wrote:Maybe Ephie or any other Yes supporters know the answer to whether banks like Nat West will be affected by independence ?
RBS is 81% tax payer owned, with their headquarters in Scotland.
Will they move HQ to somewhere else in the UK ?
Will it make any difference to Nat West account holders or pose any concerns for them ?
RBS will move south. Scotland couldn't afford for them to stay as the economy isn't big enough to accept the liabilities.
Nobody knows what currency Scotland will use for the 5 years between independence and adopting the Euro. My honest advice, if you have money in a Scottish bank move it to an rUK bank just in case.
Scotland's biggest problem as an independent nation is they don't have enough people, think New Zealand (but with a less benign climate, and safer geology). I would be surprised if an Independent Scotland will be able to sustain free healthcare when the oil runs out.
Nicola Sturgeon has been assuring everyone there won't be passport checks. She needs to realise she has no control over what a foreign, and much powerful, neighbour will do. It's the currency union nonsense again.
A few people on the left have talked some rubbish about how much more positive the Yes campaign is. But it can't answer basic questions and can promise anything.