tag:blogger.com,1999:blog-1603438996450817644.post5091333956683172232..comments2024-01-12T01:56:21.933-08:00Comments on chokka blog: The SNP: Living in the PastKevin Haguehttp://www.blogger.com/profile/14587343060415859159noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1603438996450817644.post-26825411749002642622020-01-31T11:35:32.161-08:002020-01-31T11:35:32.161-08:00"what is day 1 scenario ?"
The approx. ...<br />"what is day 1 scenario ?" <br />The approx. loss of £10.7bn of UK Gov Fiscal Transfer to the Scottish Spending budget its currently paying for about 16% of Scotland's own Public Services. <br /><br />"assuming we use the pound - we would have UK rules ? No, Scotland would have no control of Interest Rates or of money supply ("not all the levers"), "using the UK£" (Sterlingisation) is not at all the same as "sharing the UK£" in a true Currency Union see info in this link. https://www.these-islands.co.uk/publications/i330/choose_your_poison_the_snps_currency_headache.aspx<br /><br />I see Kevin in a previous life was the "the turnip thinner of lanzarote " <br />and has kept this up to the present day by being the "Turnipheid thinner of East Lothian"<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1603438996450817644.post-410046326185323552019-12-06T12:20:08.918-08:002019-12-06T12:20:08.918-08:00If Blackford assumes no debt falls to Scotland the...If Blackford assumes no debt falls to Scotland then he has to factor in its place somultaneously the cost of setting up as a separate state and Reserves for a central bank, and also calculate the impact of the financial crisis on an independent Scotland at that time. <br /><br />The cherry picking of a date just before oil revenues maximised is statistical manipulation. And the ending of the analysis in circa 2012 compounds that manipulation by excluding huge deficits in recent years. <br /><br />The most recent years are the bedrock for illustrating the position an independent Scotland would start from, and thatsca circa £12bn annual deficit meaning unprecedented cuts to spending, and certain recession. Ronnie Lainghttps://www.blogger.com/profile/00801751024341760167noreply@blogger.comtag:blogger.com,1999:blog-1603438996450817644.post-43738920552953808342019-12-04T08:55:55.572-08:002019-12-04T08:55:55.572-08:00so as the Tardis - or other time machine is not av...so as the Tardis - or other time machine is not available, assuming we inherit the population share of the debt plus current spending and what is day 1 scenario?<br />just to keep you busy <br />assuming we "use" the pound - we would have UK rules?<br />assuming we move to using the euro (then I guess EU rules)<br />and finally what about bringing in the Groat<br /><br />Thanks for all your analyisis!Eric Martinnoreply@blogger.comtag:blogger.com,1999:blog-1603438996450817644.post-30379129424447114812019-12-03T12:52:36.970-08:002019-12-03T12:52:36.970-08:00"They don't like it up 'em Pike "...<br /><br />"They don't like it up 'em Pike " :-)Jock Tamsons Bairnhttps://www.blogger.com/profile/17363965238997914283noreply@blogger.com