Politics Scottish Independance.....Thoughts?

[Ormorof]

One week to go!

 

[Hawkwind]

A lot of these threats to move to England sound like Paul Daniels circa 1997.

The very same thing happened in Hong Kong before the handover, HSBC and most of the major financial institutions moved the assets and those that still kept a large presence mirrored their entire banking systems in other locations (Singapore, London, Kuala Lumpur) so that they could switch over in a few hours. I knew several people working on those projects whilst living there in 1996. I know the circumstances were somewhat different. Although the Chinese leaders at the time said that they would not interfere with the financial systems. They understood that the financial institutions need as much stability stability as possible. Any hint of a negative issue can wipe millions off their value in seconds. Even with those assurances the majors companies did not trust the process, they moved assets, relocated...

 

[Raven]

for what its worth, Scottish RBS and Lloyds customers will be banking with a foreign bank.

http://www.bbc.co.uk/news/business-29151798

This bit made me smile (lazy BBC editing)

BBC economics editor Robert Peston said that that if RBS, 81%-owned by the UK government and which owns 11,500 people in Scotland, moved its head office and registered office to London it "would involve some jobs moving south".

 

[old.user4556]

Fund managers may need to move, but that's it.

 

[Ormorof]

Banking with a foreign bank operating in your country is really nothing new for majority of the world, the bank will still need to follow rules and regulations of country they operate in

Just because the name sounds local doesn't mean it's a local company

 

[Olgaline]

Denmark will gain the legal right to buy back Orkney and the Shetland islands if Scotland becomes independent..

Some fine Dansih Whsiky anyone?

 

[Gwadien]

Fund managers may need to move, but that's it.

But we were right.

Infact.

We're always right, maybe it would be better if you went independent, to leave us to be right on our own!

 

[Hawkwind]

Fund managers may need to move, but that's it.

Again, your banking on the fact that the UK taxpayers will put up with paying 11,500 salaries in iScot for a bank it owns after the divorce. Even removing the 8.3% the UK has majority voting (75%-8.3%) and ownership (81%-8.3%). They could force the issue and move the entire company south with forced redundancies. The real question is why wouldn't they do it? Vote winner for sure.

 

[Job]

RBS confirmed it will bail out of Scotland...shares jump in response...if that doesn't say it all nothing does.

 

[Hawkwind]

RBS confirmed it will bail out of Scotland...shares jump in response...if that doesn't say it all nothing does.

http://www.telegraph.co.uk/finance/...otland-if-country-votes-for-independence.html

Yep, says it all. Although says jobs will stay in Scotland to....

 

[Ormorof]

Again, your banking on the fact that the UK taxpayers will put up with paying 11,500 salaries in iScot for a bank it owns after the divorce. Even removing the 8.3% the UK has majority voting (75%-8.3%) and ownership (81%-8.3%). They could force the issue and move the entire company south with forced redundancies. The real question is why wouldn't they do it? Vote winner for sure.

if they are making profit on the Scottish customer base they would be idiots to close every branch and fire every employee

Ulster bank (owned by RBS) operates all over Ireland (not just N Ireland) and there is no problem with UK taxpayers owning that is there?

All the financial shiz is already in London so I dont see there being a big change for RBS or Lloyds except the executives - but as was pointed out the UK government is a major shareholder and the UK government is anti independence so it makes sense for them to support the hand that feeds it

 

[Hawkwind]

From a purely business case your probably right except there could be issues being outside UK/EU regards tax and of course the currency question.... But the main point is what the UK reaction will be political / electorate thinking. I can see this getting ugly like a bad divorce. In which case you throw common sense out of the equation.

UK taxpayers own RBS. RBS employs 11500 jobs in Scotland. Yes keeping branches open etc makes business sense, a much slimmed down operation in iScot. but, would the UK accept employing 11500 people after basically telling them to Fuck Off! That's something I don't believe the politicians are likely to promote. The timing of the election will be critical for much of this.

Personally I think it will be a very ugly divorce and get quite nasty.

 

[Gwadien]

I'd be happy for RBS to stay in Scotland, even if we owned it, because if it's broken, why fix it.

But why would we keep a bank in a country that keeps threatening to leave us in the shit when they become independent, if Scotland were a little bit more... Honest with their policies, saying yeah, we have to take the debt, yeah we have to do this x, which is painful, but it's fair to the rest of the UK, but if they're going to act like children at the negotiations, I don't see a reason why the rest of the UK should be nice to them.

 

[DaGaffer]

if they are making profit on the Scottish customer base they would be idiots to close every branch and fire every employee

Ulster bank (owned by RBS) operates all over Ireland (not just N Ireland) and there is no problem with UK taxpayers owning that is there?

All the financial shiz is already in London so I dont see there being a big change for RBS or Lloyds except the executives - but as was pointed out the UK government is a major shareholder and the UK government is anti independence so it makes sense for them to support the hand that feeds it

Actually RBS have basically been told to flog their operations in the Republic as soon as they can find a buyer, and part of the reason for that is the economics of retail banking in a small country with a different currency has made their Irish operations inefficient (UB is more profitable in NI than the Republic despite half the population).

 

[old.user4556]

But we were right.

About what?

This bit made me smile (lazy BBC editing)

If you like that, you'll love Nick Robinson having his ass handed to him.


View: https://www.youtube.com/watch?v=rHmLb-RIbrM

 

[Job]

I hope they don't decide to stay..I've just bought 100 miles of electrified fence for Hadrians wall

 

[old.user4556]

You do realise that there is a fair chunk of England north of Hadrian's wall?

 

[Shagrat]

You do realise that there is a fair chunk of England north of Hadrian's wall?

That's the region that will shortly be known as no mans land, we need a DMZ between them and us to stop them sneaking over the border. Collateral damage is to be expected.

 

[Job]

Hadrian knew what he was doing..a scorched area of land so flat and quiet you can hear the ruffle of kilt and the slap of penis against thigh.

 

[Gwadien]

That's the region that will shortly be known as no mans land, we need a DMZ between them and us to stop them sneaking over the border. Collateral damage is to be expected.

Give NATO a call

 

[Raven]

About what?



If you like that, you'll love Nick Robinson having his ass handed to him.


View: https://www.youtube.com/watch?v=rHmLb-RIbrM

Haha, that's great!

 

[old.user4556]

Salmond is like Galloway - love him or hate him, you better be up early in the morning if you're going to take him on.

 

[ECA]

He knew those questions were coming since last night, figured out his answers and picked Nick to ask this specifically to demolish him.

It was quite entertaining and the first time I've actually seen Salmond outside bluster/shouty mode.

 

[Scouse]

Ok Wolfie!

Don't get it

 

[Job]

LOL to Westminster backtracking from promises on increased devolution as soon as polls swing the other way.

Waitrose and John lewis saying prices will go up..thats beyond pathetic..smacks of free advertising to me..just in Dyson hoovers say their latest models might not work with Scottish electricity.

 

[Raven]

ofc they will go up (not massively) but the costs are higher in Scotland.

 

[ECA]

LOL to Westminster backtracking from promises on increased devolution as soon as polls swing the other way.

Waitrose and John lewis saying prices will go up..thats beyond pathetic..smacks of free advertising to me..just in Dyson hoovers say their latest models might not work with Scottish electricity.

Ofc, with a scottish national grid, scotland can make their own standardised plug.

Think about the potential.

 

[Cadelin]

Ofc, with a scottish national grid, scotland can make their own standardised plug.

Think about the potential.

230V?

 

[caLLous]

Not impressed with Nicola Sturgeon at all in this debate...

 

[Scouse]

230V?

I was gonna make that joke you fucker