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Scottish Independence ...

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Conclusion

In the 2011/12 Scottish public accounts, 70% of Scotland’s nominal operating deficit was due to £4.1 billion of interest payments on debt we didn’t need. If Scotland had been an independent country over the last 32 years we would have a cash surplus of around £50 billion even if we assume we would still have had the same expenditure including payments for banking collapse and nuclear weapons etc. If we had invested some of that £50 billion in a sovereign oil fund we would probably now have a much larger fund than Norway’s and our economy could be 25% larger than it is today.

The very fact that the No Campaign can point at Scotland’s economy and even remotely suggest that an independent Scotland would not have a massive advantage is testament both to a massive misinformation campaign over decades and to generations of economic mismanagement of Scotland’s resources by Westminster. Most culpable of all is Alistair Darling. Not only did Alistair Darling fail to reinvest Scotland’s oil wealth but was also asleep at the wheel during the banking collapse and the various banking scandals under his watch.

It is clear to all who investigate more deeply to establish the facts, that Scotland paying £64.1 billion of interest on debts taken out by Westminster to pay for its own failures – does not qualify us as better together. A yes vote will release Scotland’s potential and remove the Westminster shackles, if we vote yes then Scotland’s economy will thrive.

http://www.businessforscotland.co.uk/revealed-the-accounting-trick-that-hides-scotlands-wealth/

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an extract from McKenna in the Guardian...

..................The reaction of some Scottish politicians over the loss of 850 jobs on the Clyde was quite sickening. The new Lib Dem Scottish secretary, Alistair Carmichael, and the Glasgow Labour MP Ian Davidson, both of whom will lose their highly paid Westminster jobs if Scotland votes Yes, are obviously feeling the heat. Carmichael, one of the most obscure figures in the world's most obscure political party, stated that an independent Scotland would not be awarded any future UK defence contracts. The Glasgow Labour MP John Robertson said baldly: "No yard, no ships" in an independent Scotland.

All of them seemed to be inviting the UK government to kill shipbuilding on the Clyde as a punishment for Scotland exercising its democratic right to say Yes. Davidson actually stated that the loss of "only" 850 jobs on the Clyde – 20% of its workforce – was a cause for celebration.

These three wretched, wretched men have put their own soiled political careers above the needs of those whom they are supposed to represent. It is all about hanging on to their fat Westminster salaries after September 2014. Instead of putting their careers before the future of Scottish shipbuilding, they ought instead to be concerned that, two weeks after Grangemouth, another rich and powerful magnate can force governments to play dice with one of Scotland's great industries. There is no reason why an independent Scotland can't produce a sparkling CV for future nationalised Clyde shipbuilding. This would include 400 years of expertise that helped Britain win two wars and a workforce skilled and experienced in making Type 45 destroyers.

Last week in Scotland showed that there are still many in our midst who loathe and fear their own kind. There are those, including Davidson, Robertson and Carmichael, whose hatred and fear of independence is such that they would punish their own country by destroying part of its industrial infrastructure. And there are others who would seek to portray an independent Scotland as a sectarian backwater.

And then there are the rest of us – both nationalist and unionist – who would strive to nationalise our shipyards and make them viable and competitive in all circumstances. None of us recognises the other, self-loathing Scotland that discriminates against its own.

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Saw Davidson on the television and was pretty astounded at his attitude – 850 jobs seems like a serious whack to me.

Looks like the Scottish Socialist Party are getting their back right behind Independence. http://www.scottishsocialistparty.org/new-ssp-pamphlet-case-independent-socialist-scotland/

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Oh the irony

David Cameron standing in front of a throne of gold announcing austerity is forever.

Roll up, roll up vote NO and stay tugging your forelock whilst the rich and city elite asset strip the tax payer

http://www.independent.co.uk/news/uk/politics/david-cameron-insists-that-squeeze-on-publicsector-spending-is-permanent-8933539.html

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Awwwww naw, Scotland's only gone and got itself more oil (Kracken) with more new fields planned in 2016 (clair ridge and quad / glen lyon start ups for BP will represent about an additional 19% of North sea production when the go live).

How unlucky can one country be © Better Together

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A SCOTTISH Labour grandee has declared he will vote for independence next year, insisting that the referendum is “not a time for party politics”.

Alex Mosson, who was Lord Provost of Glasgow between 1999 and 2003, said he will back a Yes vote because he believes that Westminster is “holding us back”.

http://www.scotsman.com/news/politics/top-stories/scottish-independence-labour-grandee-backs-yes-vote-1-3191733

no doubt loads more wont sell their soul to tow the party line

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I doubt Alex Mosson holds much sway but great news about that oil. Big, big investment. :)

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i think he must hold some sway....hes been a councillor long enough so must have plenty of followers and the oil find will only be good for us if we manage to keep the profits from it....something that will never happen under Westminster

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You're right. He'll have some sway with some. Met him often. The oil is fantastic and hope there's plenty more. Going to mean jobs and riches and could encourage those worried about an Independent Scotland's economy. I just wish we had a more dynamic team at Holyrood. In this day and age we are not blessed by charismatic, inspirational politicians that you feel you can believe in. Or is that just me?

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funny how he could do no wrong when in power in the eyes of the blinkered labourettes but as soon as he backs indy hes a "CONVICTED VILLAIN"

:lol::lol:

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I don't know anything of villainy but have personal experience. I do think he supported the River Festival though and I enjoyed that.

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I think sometimes you see fear where others see discernment, Sam.

I don't know who this person is but it strikes me as more ballyhoo.

Can we get on with the real issues, please?

The oil is a wonderful discovery - the proverbial salmon in the gub for Alex Salmond and he didnae even have to dip a toe in the Clyde.

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Is the Institute of Fiscal Studies going to frighten people more or is the 50 year prediction just too much of a long shot?

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i think if anyone believes what the right wing think tank says then theyre aff their hied lol

they seemed to neglect to take into account that we wont be subbing the rest of the uk if we get independence, then they ask where will the money come from

itl come from the money we wont have to pour into Westminster every year....simples lol

and as ive already said....the new found oil will only benefit us if we're independent, otherwise it will be the same old same old with all the tax profits heading south.

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stolen from somewhere else but a fair point

Economist and media commentator, George Kerevan, has said that the key points raised by the IFS report would be true even if Scotland is to remain in the Union.

Speaking to Yes Scotland today, Mr Kerevan said "The basic point made in the IFS report is that if Scotland wants to retain the highest public spending while it has an ageing population, it's going to have to raise more cash. Now that shouldn't surprise us, but the real issue is that that's true whether we're in the UK or not!"

He also points out that the report highlights the mess that the current UK tax system is in and that it would be easier to create a new system from scratch in an inependent Scotland than it would be to reform the existing one.

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Lesley Riddoch was saying much the same on Newsnight last night.

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In today's Herald: "

Economic vision at heart of SNP's plan for

DETAILED policies to transform the economy by getting more women into work, doubling exports and dramatically increasing Scotland's population will be at the heart of the SNP's independence blueprint.

Definitely be a good idea to increase the population and more women would love to work but for that you need two things: jobs and childcare, including after school care and holiday clubs for school holidays.

I'd really like to see some expansion of the Scottish film industry, which is practically non-existent and also Tourism.

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