Blaven Posted August 1, 2014 Share Posted August 1, 2014 How soon after a No vote will Barnett be recalculated and a decision made to have a UK wide single NHS? Moments? 0 Quote Link to comment Share on other sites More sharing options...
Confidemus Posted August 1, 2014 Share Posted August 1, 2014 Moments? Seconds even. Us good guys reserve the right to point the finger. 0 Quote Link to comment Share on other sites More sharing options...
RedRob72 Posted August 1, 2014 Share Posted August 1, 2014 How soon after a NO vote will we be saddled with £1.5 trillion worth of debt? That's not what I asked, yes we are struggling but I guess managing that debt already as a nation. (UK) But again, how soon after independence would we be asked to take our share of the debt and would it coincide with an agreed increased share in Oil revenues? And if not how would we service that debt and still be able to borrow from International banks to fund new infrastructure/service investments, in Health, Education, Housing, Industry etc. It's not a point scoring statement it's a straight question. 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted August 1, 2014 Share Posted August 1, 2014 That's not what I asked, yes we are struggling but I guess managing that debt already as a nation. (UK) But again, how soon after independence would we be asked to take our share of the debt and would it coincide with an agreed increased share in Oil revenues? And if not how would we service that debt and still be able to borrow from International banks to fund new infrastructure/service investments, in Health, Education, Housing, Industry etc. It's not a point scoring statement it's a straight question. An agreed share ? Its our oil. And what about our assets ? That will offset the debt a bit eh ? Plus you are adamant that we won't have a currency union. So no debt then 0 Quote Link to comment Share on other sites More sharing options...
1320Lichtie Posted August 1, 2014 Share Posted August 1, 2014 An agreed share ? Its our oil. And what about our assets ? That will offset the debt a bit eh ? Plus you are adamant that we won't have a currency union. So no debt then Not all of it, 93 percent or something is by International Law though, not bad. 0 Quote Link to comment Share on other sites More sharing options...
Mr Bairn Posted August 1, 2014 Share Posted August 1, 2014 Genuine question, is it the currency that "owes" the national debt of the country itself? 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted August 1, 2014 Share Posted August 1, 2014 Not all of it, 93 percent or something is by International Law though, not bad. Yep I know. Of course we'll have to wait for the approval of rUK or else they might carpet bomb Aberdeen. 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted August 1, 2014 Share Posted August 1, 2014 (edited) But again, how soon after independence would we be asked to take our share of the debt Impossible to answer until we start post yes negotiations with WM I believe the SNP are hoping for "independence say" to be around 2016 thought Edited August 1, 2014 by Enrico Annoni 0 Quote Link to comment Share on other sites More sharing options...
Blaven Posted August 1, 2014 Share Posted August 1, 2014 That's not what I asked, yes we are struggling but I guess managing that debt already as a nation. (UK) But again, how soon after independence would we be asked to take our share of the debt and would it coincide with an agreed increased share in Oil revenues? And if not how would we service that debt and still be able to borrow from International banks to fund new infrastructure/service investments, in Health, Education, Housing, Industry etc. It's not a point scoring statement it's a straight question. Again? Why would the SG take on the debt of a country it has no union and no CU with? That £1.5 trillion is for ever. Poor credit will at worst last a few years. Do you really think that Scotland will not be able to borrow from International banks? Really? Can you help remind me what the last big infrastructure program in Scotland was, before devolution? 0 Quote Link to comment Share on other sites More sharing options...
joozy Posted August 1, 2014 Share Posted August 1, 2014 Genuine question, is it the currency that "owes" the national debt of the country itself? No. A country's national debt comes about after it borrows money from lendors. Typically, this can take the form of bonds which have various names depending on the country (the US has T-Bills and T-Notes, the UK has Gilts, Germany has Bunds etc). The government will say they're looking to raise a certain amount of money, the length of time they want to borrow the money for and the coupon (i.e. the annual interest payment) they're willing to pay. To use one example I've got on my screen right now: 4% Treasury Gilt 2022, Redemption Date 7/3/22, Issue Date 27/2/2009, Divi dates 7 Mar/Sep, Nominal Value £37,543m. What that essentially means is that the UK government sold £37.5bn worth of Gilts in 2009, and are paying 4% interest on that (split into 2 payments each year). In 2022, the bondholders would get a final payment of £37.5bn. In reality, the government would probably just issue a new gilt. That's one of the ways a country borrows money. All this adds up to the national debt, which the country itself must finance. 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted August 1, 2014 Share Posted August 1, 2014 Again? Why would the SG take on the debt of a country it has no union and no CU with? That £1.5 trillion is for ever. Poor credit will at worst last a few years. Do you really think that Scotland will not be able to borrow from International banks? Really? Can you help remind me what the last big infrastructure program in Scotland was, before devolution? I thought Standard and Poors said we would qualify for a AAA even without oil ? Scotland has had under investment in infrastructure for generations whilst we've funded another countries infrastructure for generations. Shire state of affairs. 0 Quote Link to comment Share on other sites More sharing options...
DeeTillEhDeh Posted August 1, 2014 Share Posted August 1, 2014 I've seen plenty evidence of vile behaviour from "cyberNats", I've seen some pretty bad some from the No side too but I've seen a lot more and a lot worse from the Yes side. The reason it's a yes/no is because that is Salmonds preference - he doesn't really want devo-max, otherwise thats what we would be discussing now instead of yes/no. It suited him that the Edinburgh agreement defined the referendum to ask 1 question. Stop blaming WM and DC for everything - Salmond only wants independence, and at any cost. My understanding is that he wanted Devo Max on the ballot but was opposed by his own party executive. 0 Quote Link to comment Share on other sites More sharing options...
RedRob72 Posted August 1, 2014 Share Posted August 1, 2014 An agreed share ? Its our oil. And what about our assets ? That will offset the debt a bit eh ? Plus you are adamant that we won't have a currency union. So no debt then 1) Yep, it will all be handed over immediately, British & Foreign investors will just have to stick it? 2) Which assets do you wish that we keep against our liabilities? And how does that work out financially for Scotland? 3) So no if no Union Currency we just default? Aye right! 0 Quote Link to comment Share on other sites More sharing options...
P45 Posted August 1, 2014 Share Posted August 1, 2014 Cameron took Devo Max off the table. Do No know anything? 0 Quote Link to comment Share on other sites More sharing options...
Confidemus Posted August 1, 2014 Share Posted August 1, 2014 1) Yep, it will all be handed over immediately, British & Foreign investors will just have to stick it? 2) Which assets do you wish that we keep against our liabilities? And how does that work out financially for Scotland? 3) So no if no Union Currency we just default? Aye right! It's not a case of "we just default". The debt is the UK's. We don't HAVE to take any of it. 0 Quote Link to comment Share on other sites More sharing options...
AUFC90 Posted August 1, 2014 Share Posted August 1, 2014 1) Yep, it will all be handed over immediately, British & Foreign investors will just have to stick it? 2) Which assets do you wish that we keep against our liabilities? And how does that work out financially for Scotland? 3) So no if no Union Currency we just default? Aye right! So much fail in such a little paragraph. Handed over ??? the tax revenue will be ours. Simple as that. The assets in the BOE for a start. I wonder how much that will be. We are not liable for the debt. You cannot default on debt you are not liable for. Pretty basic stuff. The only way our share can be defaulted on is if the UK defaults on it. 0 Quote Link to comment Share on other sites More sharing options...
The_Kincardine Posted August 1, 2014 Share Posted August 1, 2014 It's not a case of "we just default". The debt is the UK's. We don't HAVE to take any of it. We are not liable for the debt. You cannot default on debt you are not liable for. Pretty basic stuff. The only way our share can be defaulted on is if the UK defaults on it. ^^^ Sevco fans IMO 0 Quote Link to comment Share on other sites More sharing options...
N1ck Posted August 1, 2014 Share Posted August 1, 2014 It's not a case of "we just default". The debt is the UK's. We don't HAVE to take any of it. Does the uk HAVE to let us have independence? 0 Quote Link to comment Share on other sites More sharing options...
ecto Posted August 1, 2014 Share Posted August 1, 2014 How soon after a No vote will Barnett be recalculated and a decision made to have a UK wide single NHS? scaremongering, really 0 Quote Link to comment Share on other sites More sharing options...
Colkitto Posted August 1, 2014 Share Posted August 1, 2014 Does the uk HAVE to let us have independence? Eh? 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.