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Scotland is rich enough to be independent, independent think tank says


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“SCOTLAND is a wealthy country which can afford to become independent, according to the head of an economic think tank.

David Phillips, an associate director at the Institute for Fiscal Studies (IFS), spoke about the prospect of Scotland leaving the Union as he launched an analysis of the country’s finances.

While describing Scotland as “relatively rich”, he claimed the nation would face a significant budget deficit if it voted Yes and suggested Holyrood would have to cut costs to replace Westminster funding.” 
source: https://www.thenational.scot/news/19259447.ifs-scotland-rich-country-become-independent/?fbclid=IwAR2GCY4lYOFb4ZtIsEGVrKeTPRHkWgb9xcIevZ-QCR2MQncAksikY0QZRVk

https://www.thenational.scot/news/19259525.experts-counter-claim-eu-will-reject-scotland-budget-deficit/?fbclid=IwAR0-K4XbGwn8YX6NwmijrYs9038vFFTDsi61BhWdSwgg-UXefHSDpSKL2SE

Ouch! :laughga:

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Pennywise

Oooh the girls are fighting :huntyga:

 

Anyways I don't know enough on this subject but I think Scotland should be independent because honestly, EVERYONE should be free from the coloniz- England :ohwell:

So long ggd, it was nice while it lasted.
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Benji

“and suggested Holyrood would have to cut costs to replace Westminster funding.”

And there’s the kicker.  Ah well, if the Scottish want to inflict austerity on theirselves no one will stop them :ladyhaha:

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Better Day
2 minutes ago, Benji said:

“and suggested Holyrood would have to cut costs to replace Westminster funding.”

And there’s the kicker.  Ah well, if the Scottish want to inflict austerity on theirselves no one will stop them :ladyhaha:

The only way to set up a new currency - spend your way into it. Oh yeah, all those projects - HS2, Serco Track and Trace. We wouldn’t have to fund them. A percentage of our tax money go to these vanity English projects which wouldn’t touch Scotland. 

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Living
2 minutes ago, Benji said:

if the Scottish want to inflict austerity on theirselves no one will stop them :ladyhaha:

I’m guessing you don’t live in England, right? :huntyga:

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Benji
1 minute ago, Miss Dolly said:

The only way to set up a new currency - spend your way into it. 

And that’s one thing Scotland does know, spending money it doesn’t have :laughga:

Just now, Living said:

I’m guessing you don’t live in England, right? :huntyga:

I do :vegas:

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Living
Just now, Benji said:

And that’s one thing Scotland does know, spending money it doesn’t have :laughga:

I do :vegas:

I guess you are aware that what you just said above, it’s what England is doing, right? 

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Better Day
Just now, Benji said:

And that’s one thing Scotland does know, spending money it doesn’t have :laughga:

I do :vegas:

No, HS2, Serco Track and Trace is English project we fund as part of the UK. We wouldn’t be funding the monarch as well. 

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Benji
2 minutes ago, Miss Dolly said:

No, HS2, Serco Track and Trace is English project we fund as part of the UK. We wouldn’t be funding the monarch as well. 

As we’ve looped around this topic X amount of time.  The kingdom still sends up more money to Scotland than Scotland collects in Taxes so you are still gaining more than if you were funding your own projects on your own.

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Better Day
1 minute ago, Benji said:

As we’ve looped around this topic X amount of time.  The kingdom still sends up more money to Scotland than it collects in Taxes so you are still gaining more than funding your own projects on your own.

What? We only get 60% of our taxes back. Our economy is worth 200 billion, I think and we only get 30 billion to Holyrood. 

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Benji
3 minutes ago, Living said:

I guess you are aware that what you just said above, it’s what England is doing, right? 

I’m not defending the tories, I don’t believe in austerity at all.  I’m just saying, a vote to leave would force Scotland to enter an even darker and harsher period of austerity if it wants to ever be accepted into the EU

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Better Day
2 minutes ago, Benji said:

I’m not defending the tories, I don’t believe in austerity at all.  I’m just saying, a vote to leave would force Scotland to enter an even darker and harsher period of austerity if it wants to ever be accepted into the EU

No, did you read the second article I sent you? Have you read the Copenhagen criteria? The figures that are normally produced are from spending based on UK spending for Scotland. It’s not a true representation of an Indy Scotland. Plenty of other similar sized countries are successful independent countries. You are telling me, a country like Scotland which has an abundance of natural resources and amazing talents cannot go it alone. 

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Living
2 minutes ago, Benji said:

I’m not defending the tories, I don’t believe in austerity at all.  I’m just saying, a vote to leave would force Scotland to enter an even darker and harsher period of austerity if it wants to ever be accepted into the EU

Ah ok, honestly I think Scotland should be independent but yes, it isn’t going to be easy. 
 

staying under Tory control or joining the EU isn’t going to be great either. I wish them the best tho! 

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Benji
Just now, Living said:

Ah ok, honestly I think Scotland should be independent but yes, it isn’t going to be easy. 
 

staying under Tory control or joining the EU isn’t going to be great either. I wish them the best tho! 

Oh I second this, I’m not anti independence for them but I think breaking the union to become a smaller voice in a bigger bloc with harsher rules isn’t the best direction.  I’ve always said I can see the EU changing course soon and become less political, wouldn’t be surprised if the UK “rejoined” if that was the case.

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Better Day
Just now, Benji said:

Oh I second this, I’m not anti independence for them but I think breaking the union to become a smaller voice in a bigger bloc with harsher rules isn’t the best direction.  I’ve always said I can see the EU changing course soon and become less political, wouldn’t be surprised if the UK “rejoined” if that was the case.

What? We would be a voice like any other country in the EU. For example every single country gets a veto on anything that is proposed. We don’t get that in the “union of equals” 

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