This is economic illiteracy of a high order.
After separation Scotland would still use sterling. So it would have to borrow in £s to cover its massive budget deficit and promise lenders it would pay back in £s (or they won’t lend).
But after an unspecified transition it would move to a Scottish currency. But all the borrowing done during the transition would have to be paid back in sterling.
If the Scottish currency plummeted v sterling (likely given the size of the deficit, lack of credit track record etc) that could become an unmanageable burden given the likely poor exchange rate.
Scotland would have to borrow billions in its own currency just to convert to sterling to pay back lenders. Devaluing the Scottish currency further.
What a shambles that would be.
He has no idea what he’s talking about.
Telegraph has revealed that Civil servants working at the heart of Britain’s immigration system, volunteered with Care4Calais to help adult migrants posing as children to enter Britain.
Home Office staff who volunteered should be held to account for facilitating the invasion.
🚨BREAKING: It has been revealed that civil servants and Home Office staff employed to protect Britain's borders have also been volunteering for migrant charities which helped migrants enter the UK illegally
This is CRIMINAL behaviour from staff who are supposed to be protecting our borders
How are they allowed to do this!??
🚨BREAKING: WTF
A UK judge Gemma Loughton, has ruled that a Gazan refugee and mother of three must be allowed to bring 18 family members to Britain
THESE JUDGES NEED INVESTIGATING
🚨The UK just secretly flew 24,000 Afghans into the country and made it illegal for the press to even cover the story. Now, it turns out all of them get free housing and welfare for "the rest of their lives" without ever having to work.
Doomed country.
FOLLOW ME, THE NEXT DROP WILL BE SHOCKING.
They found a cell for Danny Tommo.
Not convicted. Pleaded not guilty. The charge is a slashed dinghy. Trial isn’t until March.
Yesterday 700 walked out early because the prisons are full.
Make that make sense.
⚠️ EXCLUSIVE ⚠️
Over the last few weeks, several eyewitness reports have emerged suggesting the UK government is flying migrants directly into Liverpool airport.
The images below are verified and show a Boeing 737-800, registration EC-MTV.
These images were taken by an eyewitness on the tarmac of Liverpool Airport on 9th September.
The eyewitness has stated that an entire planeload of migrants were disembarked from the aircraft and placed straight onto pre-prepared coaches and driven away.
The witness also stated that after the migrants were disembarked, another group of migrants boarded the plane, all in handcuffs.
The second group were reportedly Albanian nationals being deported.
Now here's the scary part.
The Boeing (EC-MTV) is owned and operated by AlbaStar, a Spanish airline which has a contract with the UK Home Office to fly illegal migrants back to France under the 'one in, one out' deal.
However, these 'one in, one out' deportation flights depart from Stansted, nowhere near Liverpool.
Prepare yourself for the next part.
I have personally tracked the movements of this aircraft using flight data and other sources, and on the 9th of September, EC-MTV arrived at Liverpool John Lennon airport from DUBLIN.
Flight data shows this aircraft left Dublin at 8:36am (Irish standard time) and landed in Liverpool at 9:09am on the 9th September.
It then departed Liverpool again at 11:15am.
Later the same day the aircraft landed in Tirana, Albania and then flew back to Stansted.
These verified aircraft movements confirm the insiders information regarding the plane being used to return Albanian deportees after disembarking the migrants from Ireland.
I've checked, and the coaches parked on the tarmac next to the aircraft come from a company which also has a migrant contract with the Home Office.
Just to confirm, I also checked whether AlbaStar normally flies between Dublin and Liverpool - they don't, ever.
So why oh why on God's green Earth is the British government flying migrants directly into the UK from ANOTHER safe country?!
£41 billion on PIP
£8.8 billion on foreign aid
£8 billion+ on illegal migration
Over a trillion in unfounded public sector gold plated pensions.
Yet the government is chasing a £600 million saving on the triple lock?
On @GBNEWS Breakfast
Birmingham city council has moved to ban the English and British flags.
They have done this in the “interest of public safety.”
They propose instead to hoist the Pakistani flag.
Banning our own flag in our own country? Whoever proposed this should be deported at once.
This is how to lose your country in only two decades without a single shot fired.
As an 86 yr old Pensioner, who was employed all my working life, I notice Burnham wants to remove the triple lock. He has lost my vote and I wonder how many other Pensioners feel the same.
🚨BREAKING: A British man stated on social media that he does not want to see Palestinian flags displayed all across the UK.
Police officers came to his house at 4am and arrested him.
Am I crazy, or has the UK officially fallen?
Labour plan for old people:
1. Pay them less
2. Euthanise them when they get sick
3. Take their money through death duties
4. Seize their house while it’s in probate
If apparently triple lock pensions are becoming unaffordable then how about checking out public sector pensions & politicians pensions next to see if they are unaffordable @andyburnham
Maximum monthly State Pension.
Luxembourg £5,426
Norway £1,839
Switzerland £1,657
Denmark £1,486
Sweden £1,373
Belgium £1,338
Netherlands £1,322
France £1,254
Spain £1,238
UK £997
Guess which is unaffordable?