2141 replies to this topic

[Harry Hornet]

havent you lot fecked off yet

[RabnaKS]

Sorry Scott, but the last labour government spent way less than the SNP is now promising to spend, and that didn't go well. It was completely unsustainable.   No way would an independent Scotland have better access to credit than the UK - and you'll need credit to spend like that because there's no way you'll raise it in tax.

  

And you've come to that conclusion how?

I need to watch this, obviously an indi Scotland would'nt be looked upon any more favourably even though they have no track record? And without any evidence, why would a untried country get a good deal? Surely no figures, you'll have to re-priorities where you spend? If it should happen, there is no way you'll keep things the way it is? You'll be locked in court for years trying to prove why something belongs to Scotland? IMHO you need to stay in the UK & the effort put in to spreading the UK wealth, total?

[slindborg]

Or spend longer stock piling before getting the divorce

[RabnaKS]

Or spend longer stock piling before getting the divorce

A war chest?😀

[KurtVerbose]

And you've come to that conclusion how?

 

These are the 10 year bond yields for european countries. They're almost completely dependent on risk. Currency is a risk, as is the countries ability to finance the debt.

 

The UK is currently paying more because of the currency risk. If we were in the Euro we'd probably be at about the same level as France, which has a similar debt to GDP ratio. Basically, investors expect the Euro to gain against the pound.

 

If you were taking your money out of your pocket to lend to one of these countries how would you rank them with respect to Scotland, given Scotland has an uncertain currency future, a government promising to borrow more money, and really very uncertain expenditures and revenues?

 

Country    Yield Turkey     8.71 Russia     8.42 Iceland     7.2 Greece     5.96 Hungary     4.45 Croatia     4.43 Romania     4.31 Portugal     3.63 Poland     3.48 Bulgaria     3.45 Slovenia     3.2 Italy     2.89 United Kingdom     2.87 Spain     2.82 Lithuania     2.8 Latvia     2.6 Norway     2.48 Ireland     2.41 France     1.74 Sweden     1.74 Belgium     1.73 Denmark     1.65 Austria     1.59 Czech Republic     1.54 Netherlands     1.52 Finland     1.47 Germany     1.28 Switzerland     0.66 Euro Area     0.58  

[KurtVerbose]

Actually, it's not quite as bad as I thought it might be. Moody's think you'll go down a couple of grades initially and long term will depend on how well you manage your economy - obviously.

[Rosssco]

This would certainly have a significant negative effect on my industry going forward..

 

http://www.thegwpf.o...reen-subsidies/

[techieboy]

So looks like the BBC are going out on strike on the opening day of the Commonwealth Games which will have a large impact on live TV broadcasts. Another plot by the Westminster/Tory hegemony?  

[LY_Scott]

Yes, seen that. Don't think so. But pretty dumb huh?

[techieboy]

Though having just seen the Scottish team uniforms, it may actually have been done for humanitarian reasons.

[myles]

Though having just seen the Scottish team uniforms, it may actually have been done for humanitarian reasons.

 

 

ITV are showing a Tea Towel documentary around the same time though.

[LY_Scott]

Yes they are horrific. They won't budge though.

[LY_Scott]

Bit of gamesmanship. Bitter Thegither opened a shop in Kirkcaldy on Monday

The chap who has the flat upstairs isn't a fan though

[slindborg]

ewwww B-Max

[Claws]

That woodwork is in some state!

[LY_Scott]

Haha. Was what I thought too.

[Rosssco]

That woodwork is in some state!

Sounds like you're typical nationalist - spend money on flags, but don't worry about the cost of the structure...

[LY_Scott]

Aye...and the for sale sign above the bitter thegither shop.....

[LY_Scott]

http://m.scotsman.co...glish-1-3480639 Says it pretty well. A great summary of where we are at the moment and how out of touch those campaigning for No still are.

[LY_Scott]

.....and another piece of nonsense busted. http://news.stv.tv/s...s-special-case/