Standard Life threatens transfer to England if Scotland votes for independence

[sex]

Standard Life, the pensions and insurance giant, has said it is planning to shift large parts of its business to England in the event of a "Yes" vote in next week's Scottish referendum.
The Edinburgh-based FTSE 100 company said that "if there was a need to do so", it would make drastic changes to its business structure to cope with Scotland seceding.

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11086667/Pensions-giant-Standard-Life-threatens-transfer-to-England-if-Scotland-votes-for-independence.html

Just one of many i suspect, business aren't gonna operate in a country where they dont even know what currency will be used if they go independent and not even a member of the European Union (if that was a reason for locating in scotland) + what tax and regulation will be like.

[scottish]

we'll be using the £

and that's not a sudden move, it's been happening over past 6-12 months iirc.

[sex]

we'll be using the £

and that's not a sudden move, it's been happening over past 6-12 months iirc.

did uk agree to a credit union?
"looks for independence" uses old currency which they have no control over lol idgi

[scottish]

We don't need them to agree to a currency union to use the £

[sex]

We don't need them to agree to a currency union to use the £

where will all the notes come from, obviously the ones scotland has wont last forever lol. especially if new notes are introduced etc

notes can only stay in circulation for so long before they are taken out and replaced

[MKR&*42]

It's laughable they want to keep the GBP. "We don't want to be in BRITAIN!!!! but hey we want ur currency" you can't pick and choose.

Get your own currency or bugger off to the ever so wonderful Euro.

[scottish]

where will all the notes come from, obviously the ones scotland has wont last forever lol. especially if new notes are introduced etc

notes can only stay in circulation for so long before they are taken out and replaced

Presumably the bank will print more, idk specifics but we'll be using £.

We'll most likely be getting a currency union with the UK anyway if we do vote Yes.


It's laughable they want to keep the GBP. "We don't want to be in BRITAIN!!!! but hey we want ur currency" you can't pick and choose.

Get your own currency or bugger off to the ever so wonderful Euro.

Yes we can, evidently

[MKR&*42]

Presumably the bank will print more, idk specifics but we'll be using £.

We'll most likely be getting a currency union with the UK anyway if we do vote Yes.


Yes we can, evidently

You can, but it makes your entire quest for independence an absolute joke because you've had to rely on a British form of currency still.

[sex]

Presumably the bank will print more, idk specifics but we'll be using £.

We'll most likely be getting a currency union with the UK anyway if we do vote Yes.



Yes we can, evidently

what makes you think you will be getting one? its been stated over and over that they wont allow it has it not lol. that isn't sovereignty if you get one lol

[scottish]

You can, but it makes your entire quest for independence an absolute joke because you've had to rely on a British form of currency still.

Not really, having independence is a lot more than only a currency.


what makes you think you will be getting one? its been stated over and over that they wont allow it has it not lol. that isn't sovereignty if you get one lol

It's also been stated under no circumstance can we use the GBP, then that got changed very quickly didn't it?

Like every other scaremongering tactic got shot down.

[MKR&*42]

Not really, having independence is a lot more than only a currency.



It's also been stated under no circumstance can we use the GBP, then that got changed very quickly didn't it?

Like every other scaremongering tactic got shot down.

It is more, but if you're not willing to sacrifice a British form of currency once you go independent then why even make the effort. Clearly not going at it whole heartedly if you're prepared to pick and choose lol????

[sex]

Not really, having independence is a lot more than only a currency.



It's also been stated under no circumstance can we use the GBP, then that got changed very quickly didn't it?
How did it change? There is no physical way they can stop you using it unless they send people into scotland to remove every single note. So that point is totally invalid, the matter of the fact is that there is no way they will let you control taxes and a lot of your economic policy if they do agree to one which isn't total independence ....

You're still going to ruled by england when it comes to important matters such a taxes if there is a currency union lol

[scottish]

It is more, but if you're not willing to sacrifice a British form of currency once you go independent then why even make the effort. Clearly not going at it whole heartedly if you're prepared to pick and choose lol????

'why even make the effort' 'it is more'... you answered it yourself? there's a lot more to independence than currency, and no-ones voting independence to get rid of the Bank of England or the currency.

[sex]

'why even make the effort' 'it is more'... you answered it yourself? there's a lot more to independence than currency, and no-ones voting independence to get rid of the Bank of England or the currency.

They are voting to become free of england, which includes the CURRENCY as its theirs

[scottish]

How did it change? There is no physical way they can stop you using it unless they send people into scotland to remove every single note. So that point is totally invalid, the matter of the fact is that there is no way they will let you control taxes and a lot of your economic policy if they do agree to one which isn't total independence ....

You're still going to ruled by england when it comes to important matters such a taxes if there is a currency union lol

Because at the start they said there was no way possible we'd continue using it.. a scaremongering tactic that got changed very quickly. We would have full control of the taxes, the only stuff we wouldn't have control over is the BoE interest rates.

Even if we vote no, we control our taxes if the promises of further Devolution are kept.

[MKR&*42]

'why even make the effort' 'it is more'... you answered it yourself? there's a lot more to independence than currency, and no-ones voting independence to get rid of the Bank of England or the currency.

Then clearly you've all lost sense of the meaning of ''independent".

"not depending on another for livelihood or subsistence."

[dbgtz]

where will all the notes come from, obviously the ones scotland has wont last forever lol. especially if new notes are introduced etc

notes can only stay in circulation for so long before they are taken out and replaced

They'll have a Scottish Pound pegged to the GBP.


Because at the start they said there was no way possible we'd continue using it.. a scaremongering tactic that got changed very quickly. We would have full control of the taxes, the only stuff we wouldn't have control over is the BoE interest rates.

Even if we vote no, we control our taxes if the promises of further Devolution are kept.

Which is precisely why nobody wants a currency union without fiscal union. Scotland could become reckless in spending and put everyone at risk.

[The Don]

Because at the start they said there was no way possible we'd continue using it.. a scaremongering tactic that got changed very quickly. We would have full control of the taxes, the only stuff we wouldn't have control over is the BoE interest rates.

Even if we vote no, we control our taxes if the promises of further Devolution are kept.

No possible way you would be using it (in a currency union)... are you intentionally being this dense? The reasoning behind your falsely confident idea that you can somehow get a currency union (despite everybody important in making it happen saying no) is based on someone previously using the wrong syntax in their statement? Sound logic.

[A4R0N]

every1 loves a bit of scaremongering

[-:Undertaker:-]

Presumably the bank will print more, idk specifics but we'll be using £.

We'll most likely be getting a currency union with the UK anyway if we do vote Yes.

With our weak polticians you may at first, but believe you me.. the rise of English nationalism that will come out of a YES vote will mean that such a currency union won't last long. If any currency union is made, that'll be one of the main issues I will be voting on in future - to end it asap.

We're not prepared to see Scotland turn the Sterling into the Eurozone mk2. No thank you.


You can, but it makes your entire quest for independence an absolute joke because you've had to rely on a British form of currency still.

But it's a joke in the first place.

They want to keep the Pound Sterling, the currency of a foreign country.
They want to get rid of Trident, yet naturally being on the same island as us they'll still be protected by it.

The funniest thing of all though? Salmond says he wants independence.... yet he'll then go and surrender Scottish law-making to the EU.


Not really, having independence is a lot more than only a currency.

A currency is one of the true signs of an independent sovereign state, as Euro nations have discovered to their own great cost.


Which is precisely why nobody wants a currency union without fiscal union. Scotland could become reckless in spending and put everyone at risk.

Indeed, which is why Salmond and the SNP are so clueless on this simple economic rule (but then again, a lot of our politicians were anyway). The Eurozone has proved clearly that you cannot have a monetary union without fiscal union and you can't have fiscal union without political union.

Salmond only a few years ago was talking about joining the Euro, after all. What a great idea wee Alex.

[RyRy]

Scott we've chatted before about this and you're certain you'll take the pound. Thing is though, what if it isn't scaremongering? Wheres your plan B if you're denied the pound? What happens if the currency is changed and your notes are made completely invalid?

Dunno why UK would want to have a union, Scotland will just turn into some teenager going off to University to do better things but still begging his parents for money because he can't be truly independent. Just doesn't make sense to do it for us, and Salmond is drunk in thinking that Dave Cameron will allow it, or as if the RUK are just going to stand around and let our currency be used by another country.

Seriously it ain't scaremongering, if the pound pulls out of Scotland it'll not lose value, it'll increase it value because there'll be literally no risk whilst all the scottish based companies will come down to England or Wales & base themselves there, increasing our economy. It's legit gonna go **** up.

[Kardan]

I know it was mentioned in another thread, but the Royal Bank of Scotland will also move from Scotland to England. My question is, what do Scotland plan to do to combat all these job losses? (RBS, Trident etc)

[-:Undertaker:-]

I know it was mentioned in another thread, but the Royal Bank of Scotland will also move from Scotland to England. My question is, what do Scotland plan to do to combat all these job losses? (RBS, Trident etc)

Join the EU for the generous handouts funded by the Britain, Germany and the Netherlands.

[scottish]

Scott we've chatted before about this and you're certain you'll take the pound. Thing is though, what if it isn't scaremongering? Wheres your plan B if you're denied the pound? What happens if the currency is changed and your notes are made completely invalid?

Dunno why UK would want to have a union, Scotland will just turn into some teenager going off to University to do better things but still begging his parents for money because he can't be truly independent. Just doesn't make sense to do it for us, and Salmond is drunk in thinking that Dave Cameron will allow it, or as if the RUK are just going to stand around and let our currency be used by another country.

Seriously it ain't scaremongering, if the pound pulls out of Scotland it'll not lose value, it'll increase it value because there'll be literally no risk whilst all the scottish based companies will come down to England or Wales & base themselves there, increasing our economy. It's legit gonna go **** up.

Only one way to find out..

At the end of the day the outcome of the poll is going to be majority AGAINST independence and we'll continue our lives as normal. A few months down the line we'll see nothing done about 'devo max' or any other scheme to give Scotland more powers most likely. In the event that I vote I'd be voting No anyway as I've always been against the independence since the start and although I don't feel strongly about being part of the union or British like most English seem to do, I do feel we'd be better off within the UK than taking an unnecessary risk going independent (risk of companies pulling out etc, not risk of us falling flat on our faces).

Although that said we would succeed if we did go independent and makes me interested want to go down that route, as it would be entertaining to see the replies of people who seem to believe it would fail.

[RyRy]

Only one way to find out..

At the end of the day the outcome of the poll is going to be majority AGAINST independence and we'll continue our lives as normal. A few months down the line we'll see nothing done about 'devo max' or any other scheme to give Scotland more powers most likely. In the event that I vote I'd be voting No anyway as I've always been against the independence since the start and although I don't feel strongly about being part of the union or British like most English seem to do, I do feel we'd be better off within the UK than taking an unnecessary risk going independent (risk of companies pulling out etc, not risk of us falling flat on our faces).

Although that said we would succeed if we did go independent and makes me interested want to go down that route, as it would be entertaining to see the replies of people who seem to believe it would fail.

Fair point mate, it is interesting to see what will happen and how you guys will actually do, but there is a massive risk in doing so like you've. Still, its Scotlands decision. If it goes No, I'd be pretty disappointed in the politicians saying all these things to try keep you guys in only to find out they were lying. That'd be a real smack.

[scottish]

Fair point mate, it is interesting to see what will happen and how you guys will actually do, but there is a massive risk in doing so like you've. Still, its Scotlands decision. If it goes No, I'd be pretty disappointed in the politicians saying all these things to try keep you guys in only to find out they were lying. That'd be a real smack.

All politicians are liars though :P

[buttons]

sometimes u just have to take a risk. there ain't nothing wrong with a little hope. both sides are promising hope for voting their side and danger for voting the opposite side. typical politics obviously. no matter what happens, there will be good and bad imo, so vote where your heart lies.