Applause 650 Posted September 14, 2014 Share Posted September 14, 2014 Almost $27 billion of financial assets were pulled out of Britain in August in the run up to Scotland’s vote on independence, according to a new report by a London-based consultancy comparing the capital outflow to the Lehman Brothers collapse in 2008. The financial outflow of 16.8 billion pounds ($27 billion) in August was the biggest since the white heat of the 2008 financial crisis when the US bank Lehman Brothers went bust, according to a CrossBorderCapital report compiled by the consultancy and released on Friday. “Sterling outflows have been an issue since the end of June, but they really gathered pace in August and now look like intensifying again with the possibility of Scottish independence coming to the front of investors’ minds,†said Michael Howell, the managing director of the CrossBorder Capital. The consultancy pointed out that the figures also dwarfed the selling of UK assets around the 2010 general election, afrer which there were several days of uncertainty over who would form the government. Howell added that UK outflow was more than double the combined outflow from Germany and Australia and only Japan is currently seeing a faster rate of capital outflow from the country. This year UK has experienced a net 127 billion pound outflow ($206bn), while in 2013 a net 39 billion pounds ($63bn) flowed into the nation’s economy, he added. The daily equity flow data pointed to “some of the largest UK equity selling on record, demonstrating investor concerns ahead of the Scottish referendum next week,†said Morgan Stanley on Friday. Scotland is to vote in a referendum on its independence from Britain on Thursday, with opinion polls displaying a narrow gap between the pro-independence campaigners and those against the exit from the union. The latest ICM/Sunday Telegraph poll showed the biggest ‘Yes’ share of the referendum campaign, with 54 percent reporting an intention to vote ‘yes’ and 46 percent ‘no’. The new liquidity report comes as the world’s leading investment banks warned of the financial folly Scotland would face if it votes for leaving the 307 year union with the UK. FULL: http://rt.com/business/187748-investors-pull-out-billions-uk/ Xalser Link to post Share on other sites More sharing options...
Morphine Prince 109,682 Posted September 14, 2014 Share Posted September 14, 2014 It's starting. Winter is coming for Britain. Link to post Share on other sites More sharing options...
paul 687 Posted September 14, 2014 Share Posted September 14, 2014 Let's just take a moment to realise that the No campaign and related media have been spitting out vastly exaggerated and twisted figures ever since its existence They are clearly getting desperate now Link to post Share on other sites More sharing options...
GagaMyBlood95 9,915 Posted September 14, 2014 Share Posted September 14, 2014 Ouch, we'll see how this will play out.. Link to post Share on other sites More sharing options...
craig 680 Posted September 14, 2014 Share Posted September 14, 2014 Is YES wins, buying CDs from amazon.uk will get real cheap with the exchange rate. Link to post Share on other sites More sharing options...
Morphine Prince 109,682 Posted September 14, 2014 Share Posted September 14, 2014 Is YES wins, buying CDs from amazon.uk will get real cheap with the exchange rate. And hopefully free shipping with multiple orders to other countries! Link to post Share on other sites More sharing options...
Kermit the frog 1,936 Posted September 14, 2014 Share Posted September 14, 2014 So r they gonna split or not? I wanna know already! Link to post Share on other sites More sharing options...
Morphine Prince 109,682 Posted September 14, 2014 Share Posted September 14, 2014 So r they gonna split or not? I wanna know already! They will vote this Thursday. Link to post Share on other sites More sharing options...
Kermit the frog 1,936 Posted September 14, 2014 Share Posted September 14, 2014 They will vote this Thursday. and what does it look like as of now? Link to post Share on other sites More sharing options...
FKAJAKE 5 Posted September 14, 2014 Share Posted September 14, 2014 and what does it look like as of now? it's pretty even, but it's really just a bit of attention seeking, and it will inevitably crush them financially. Link to post Share on other sites More sharing options...
Kermit the frog 1,936 Posted September 14, 2014 Share Posted September 14, 2014 it's pretty even, but it's really just a bit of attention seeking, and it will inevitably crush them financially. They'll manage eventually. No worries. It needs to happen. Link to post Share on other sites More sharing options...
mcphee 1,790 Posted September 14, 2014 Share Posted September 14, 2014 I'm Scottish, and this Thursday will be my first ever vote. I'm unsure as hell as to what I'm going to vote for, I used to be strong No but now I understand the Yes campaign so much better, so I'm swaying. I'm nervous to see what comes from it all. There is no right choice, really.it's pretty even, but it's really just a bit of attention seeking, and it will inevitably crush them financially. Are you serious? It's way bigger than 'Attention Seeking', I can't believe anyone could say that Ugh Link to post Share on other sites More sharing options...
Better Day 5,766 Posted September 14, 2014 Share Posted September 14, 2014 More scaremongering :miley: Together You And I! Link to post Share on other sites More sharing options...
garnite 8 Posted September 14, 2014 Share Posted September 14, 2014 I'm Scottish, and this Thursday will be my first ever vote. I'm unsure as hell as to what I'm going to vote for, I used to be strong No but now I understand the Yes campaign so much better, so I'm swaying. Link to post Share on other sites More sharing options...
hughdancy 282 Posted September 14, 2014 Share Posted September 14, 2014 Everyone involved in this thing is a mess. It should never have come to this. I mean just the other day a journalist asked Alex Salmon why the Scottish people should listen to politicians instead of the people who actually HAVE the money and have said they're not going to support an independent Scotland, and he had a ****ty answer Link to post Share on other sites More sharing options...
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