The Scottish Politics thread

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Saddleworth2 said:
Mate there is no Scottish and English pound. Only pound Stirling. The fact that Scottish brands (for that is what they are) are still allowed to print their own notes is a distraction to this.
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Is a pound Stirling a Scottish version of a pound Sterling? Is there a picture of the castle on the pound coins?
 
Saddleworth2 said:
Asking the wrong guy mate. I really don’t know. So the current proposal made by the SGC in 2018 saw Scotland retain the pound until pre defined measures were met. At that point which may be some years from independence a transition to Scotland’s own currency would take place. That could be a brand new currency or feasibly the Euro if we have joined by then. These proposals were not accepted by the SNP because they were it ambitious enough and there was a real fear that it would mean being tied to the UK fiscal policy for a prolonged period. I can understand that. It’s independence but not really independence. To move faster, Scotland will need the full fiscal infrastructure in place, fiscal governance a new central bank and more. So it’s let’s wait and see what is proposed as part of any referendum campaign.
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Can’t see it being a major obstacle if the plan is to join the EU and adopt the Euro. There shouldn’t be too much of an issue using the pound for a short transistional period.
 
Ifwecouldjust....... said:
They're must be a difference as some businesses in England wont accept Scots money ... surely ?
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It was a joke about Stirling/Sterling.

In reality, the banknotes are technically not officially legal tender. The three issuing banks have to hold the equivalent of every banknote issued in BoE banknotes or gold. The coins are the same.
 
Mazzarelli's Swiss Cheese said:
Isn't that just racism?
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No it’s ignorance and the fact they don’t see many. The pound is the pound. It’s the same currency. Their are note issuing banks in Scotland, Northern Ireland and crown dependencies like the Isle of Man. These banks are permitted to print banknotes as long as they hold deposits at the Bank of England. It’s the same currency though guys.
 
west didsblue said:
It was a joke about Stirling/Sterling.

In reality, the banknotes are technically not officially legal tender. The three issuing banks have to hold the equivalent of every banknote issued in BoE banknotes or gold. The coins are the same.
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NOT SURE ... the Uk detached itself from the gold standard many years ago (Which is why we can do quantitive easing ) .... we print as much money as we we want and back it by issuing bonds to cover the debt (doubled by the Tories in the last ten years)
 
Ifwecouldjust....... said:
NOT SURE ... the Uk detached itself from the gold standard many years ago (Which is why we can do quantitive easing ) .... we print as much money as we we want and back it by issuing bonds to cover the debt (doubled by the Tories in the last ten years)
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I don’t think that negates what I’ve said. Whilst it’s true that the BoE can print as much money as it wants, that doesn’t change the constraints of the issuing of Scottish bank notes.
 
Saddleworth2 said:
No it’s ignorance and the fact they don’t see many. The pound is the pound. It’s the same currency. Their are note issuing banks in Scotland, Northern Ireland and crown dependencies like the Isle of Man. These banks are permitted to print banknotes as long as they hold deposits at the Bank of England. It’s the same currency though guys.
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As previously said Scottish Bank notes are not legal tender anywhere in the UK although they are legal currency subtle difference but means you are under no obligation to accept them.
https://www.scotbanks.org.uk/banknotes/legal-position.html

FJO03h5.jpg
 
Ifwecouldjust....... said:
Save and spend your £1.5 trillion well..... England will be bankrupt without your contributions
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Serious question, are you English ? If so why do you hate England so much. Across the threads you never have a good word to say about it, or as the The Smiths once said England is mine and it owes me a living, top tip kid it doesn't you have to go out and earn it.
 
With regards to the pound, the whole question of what currency was to be used in the first referendum created confusion and was thus used as ammo by the vote no campaign to target undecided voters.

I expect the SNP to be far more prepared this time round. But surely it is better for both parties in the longterm to keep the pound? If Scotland later adopts the Euro it can only weaken the pound greatly further down the line.
 
@Saddleworth2

I actually agree Scotland’s economy is unsustainable and too reliant on England, that’s why I have concerns over its ability to be successful outside of the UK.

I do not think anyone would begrudge Scotland further devolution, I actually want it for England and the chance for you to set out a different economic plan for the country but cutting ties with England isn’t the answer, it will make Brexit look straight forward and will result in Scotland being in a terrible state.
 
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Ban-jani said:
@Saddleworth2

I actually agree Scotland’s economy is unsustainable and too reliant on England, that’s why I have concerns over its ability to be successful outside of the UK.

I do not think anyone would be begrudged Scotland further devolution, I actually want it for England and the chance for you to set out a different economic plan for the country but cutting ties with England isn’t the answer, it will make Brexit look straight forward and will result in Scotland being in a terrible state.
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Not to mention who will fund their health service? Scotland has the biggest drug problem in Europe which is a strain on health/social services.
 
Ban-jani said:
@Saddleworth2

I actually agree Scotland’s economy is unsustainable and too reliant on England, that’s why I have concerns over its ability to be successful outside of the UK.

I do not think anyone would begrudge Scotland further devolution, I actually want it for England and the chance for you to set out a different economic plan for the country but cutting ties with England isn’t the answer, it will make Brexit look straight forward and will result in Scotland being in a terrible state.
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It’s a valid opinion and independence comes with many risks but also a great many opportunities. Membership of the Uk seems to be going in the one direction and without significant change, including devolved powers in England, I cannot see it lasting much longer. If sturgeon puts forward a credible plan and the SGC report provides a comprehensive start point then I believe there will be support for independence. Perhaps one of the most profound legacies of Brexit.
 
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