Indyref8

[grovel]

ItsAllGoingToBeFine, but who will be Prime Minister? Pretty unsatisfactory changing halfway through. My suggestion was that maybe Cameron, Clegg, Miliband et al agree on a team and step back themselves. It would make the end result a joint enterprise and could prevent years of feuding in rUK.

stats do you have a link to the original I couldn't find it?

I wonder why they have changed their view so much from this?www.yesscotland.net/news/independent-scotland-will-rise-above-uk-human-development-index
But I guess a month is a long time in the financial sector?

Oh No, quinoa sucks. Guaaaah. But chilli flakes added in the cooking of the polenta is good.

That Credit Suisse article is terrifying.

Did anyone else see the BBC report as Cameron was being whisked away from Scottish widows? Among the boos was someone going 'don't panic' like Jones from dad's army.

I laughed

I thought I was middle-class in my hummous consumption until they started selling it in Iceland

If you want the original credit Suisse report it's here

doc.research-and-analytics.csfb.com/docView?sourceid=em&document_id=x588990&serialid=51DN9qZmikqML3ydt0HHdpoI1%2b%2b%2f3n2gXPrNYAGOdu8%3d

The middle classes have defected from hummous to baba ganoush.

Loads of cringey moments in the BBC piece. Did you see the group of women droning the Flower of Scotland dirge
Obviously good tv, that's why they show it.

Salmond at least has plans

Really? Sharing the pound, sharing embassies, it'll all be sorted in 18 months? Those are plans?

If you want the original credit Suisse report it's here

Thanks

Thanks just!

The one you linked to mainly looks at current GDP along with a few other indicators but it is more of an "as is" - the newer one (which I think was only released to the press but I will try to track it down) is more of a forward facing article looking at how it might develop. I've seen it reported fairly consistently so think it's probably accurate.

Ah xposted, cheers JustAnotherLurker...could not find it for love nor money!

LOL Squoosh, Must keep up with my Ottolenghi

Hmm, the one I linked to was released 2 days ago, so if you can find a newer one go ahead.....

Ah ok, sorry statistically, me missing things

Grim reading in that Credit Suisse note.

No you have the right one - I'd seen articles about it but not found the actual research note. Looked in the news bit.

That makes very, very grim reading. It reflects the views of a fair number of the No voters on here I think.

Indeed, very grim predictions. I'm sure there will be very significant economic upheavals in the event of a Yes. Interesting that they thought there was a 25% chance of a CU.

Could some of the Yes campaigners here address some of the points raised by Credit Suisse?

Especially this section:

If Scotland formed a sterling union, then it's likely that the UK would extract a high price in terms of potentially severe fiscal and regulatory commitments (i.e. Scotland may have to run a primary budget surplus, and perhaps those banks that remained domiciled there would have to have particularly onerous liquidity and capital ratios). In this sense, submitting to a formal sterling union would see Scotland forego some significant plans of its policymaking independence.

^With a budget deficit of c8.2% of GDP in 2012/13 (according to the Government Expenditure and Revenue Scotland), the fiscal squeeze could be very significant. Moreover, it would seem that a Scottish sterling at parity would become increasingly overvalued as North Sea oil revenues fell.
This would require Scottish deflation to maintain competitiveness in the non-oil sector but such a fall in wages can realistically only be achieved via high unemployment.^

My italics failed. Balls!

Here's the note to shareholders that went out to customers from Standard Life today. This message means business.

www.standardlife.com/utility/customer_statement-2.html

That was interesting. Did you notice the price they thought the BoE would extract for it though? Very reflective of the steer I'd had that the requirements would be strict..." should the BoE move to guarantee Scottish
deposits, we expect it to extract a high fiscal and regulatory price (probably
insisting on a primary budget surplus)"

CU would obviously include guaranteeing them...

Our current account budget was -£8.6 billion last year.

Xposted with Santana!

If Scotland formed a sterling union, then it's likely that the UK would extract a high price in terms of potentially severe fiscal and regulatory commitments (i.e. Scotland may have to run a primary budget surplus, and perhaps those banks that remained domiciled there would have to have particularly onerous liquidity and capital ratios). In this sense, submitting to a formal sterling union would see Scotland forego some significant plans of its policymaking independence.

My view was always that a currency union would place very tight controls on Scotland's spending, which is why many dont want a currency union.