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"It must be concluded therefore that revenues and large balance of payments gains would indeed accrue to a Scottish Government in the event of independence provided that steps were taken either by carried interest or by taxation to secure the Government 'take'. Undoubtedly this would banish any anxieties the Government might have had about its budgetary position or its balance of payments. The country would tend to be in chronic surplus to a quite embarrassing degree and its currency would become the hardest in Europe with the exception perhaps of the Norwegian kroner. Just as deposed monarchs and African leaders have in the past used the Swiss franc as a haven of security, as now would the Scottish pound be seen as a good hedge against inflation and devaluation and the Scottish banks could expect to find themselves inundated with speculative inflow of foreign funds."
originally posted by: TheConstruKctionofLight
a reply to: LightSpeedDriver
There were calculations done that showed that Scotland would be providing a surplus/net gain to London coffers from the oil reserves
en.wikipedia.org...
"It must be concluded therefore that revenues and large balance of payments gains would indeed accrue to a Scottish Government in the event of independence provided that steps were taken either by carried interest or by taxation to secure the Government 'take'. Undoubtedly this would banish any anxieties the Government might have had about its budgetary position or its balance of payments. The country would tend to be in chronic surplus to a quite embarrassing degree and its currency would become the hardest in Europe with the exception perhaps of the Norwegian kroner. Just as deposed monarchs and African leaders have in the past used the Swiss franc as a haven of security, as now would the Scottish pound be seen as a good hedge against inflation and devaluation and the Scottish banks could expect to find themselves inundated with speculative inflow of foreign funds."
originally posted by: sapien82
a reply to: Flavian
So Scotland leaves the UK and just gives up its rightful territory because it used to share a Union with the rest of the UK
so by that logic Scotland are entitled to take half of what England has in its territorial waters, or an equal share
so we are just to abandon sovereign territory now ? So because we are leaving the EU
the EU are entitled to a share of our fishing , energy resources, because we were in a union with them ?
doesnt work like that , if Scotland leaves the Union it does so with its territory intact
that includes the oil fields and the fishing waters!