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.
What happened in Gosport is a humiliation for the British people, again.
The police implemented a dispersal order to cover the town of Gosport. It is astonishing the levels of our establishment go to in order to import these men.
These third world invaders will now be spread around the country - housed, fed, accommodated, cared for.
It is treason.
I want to be abundantly clear over what a Restore Britain Government will do.
If a civil servant or politician has knowingly placed unvetted dangerous criminals in our communities?
They will be prosecuted, and where appropriate, sent to prison.
I am sick of it. The British people are sick of it.
We need to deport millions, and send those responsible to prison.
It's that simple.
This week… an attempted attack on RAF Fairford, enabled by a foreign state determined to sponsor terrorism around the world. A failed attempt to smash a commercial plane into the ground full of passengers, possibly into a high rise also full of people & now deadly violence breaking out across France. There is something very very wrong & it’s not being taken anywhere near seriously enough.
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@ind3pendent7@fhirinn@ScotNational I dont think you understand. Rail is devolved. HS2 is classified as an England&Wales project. Barnett provides consequentials, every 9.2p (tied to population) for every £1 spent on HS2. This money goes into the coffers of ScotGov and can be used on any devolved priority.
@DearIain@BBCScotlandNews They are privately owned. The SNP auctioned them off. They pay charges as commercial operators. The grid isn't Scottish, it's a national asset. Most of the energy produced is exported to England, this is a benefit as they get paid via the GB market. CfDs guarantee pricing.
@swalcott42 @JaxxUnleashed @itisdaf @MuscularEnglish @BBCNews You don't know what you are on about. All he said is that Portugal trafficked the most slaves which is 100% correct. Nearly double that of Britain. They also forced everyone to end slavery with her navy and applied pressure on other states to outlaw it.