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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To think wealthy people will leave Scotland?

1000 replies

Juniperberries25 · 16/06/2022 08:09

..if the YES side win a referendum? Surely a lot of successful businesses and people who are wealthy/ comfortable/ have paid into a pension will not want to risk all their assets becoming worthless? Or am I missing something? Higher taxes, unknown currency, economic uncertainty, hard border, national security concerns etc

It would cost BILLIONS to set up new Government bodies (eg DVLA, Passport office, MI5, MI6, Amy Navy, RAF to name a few) so surely taxes will be much, much higher than rest of the UK?

Just to clarify I am NOT a fan of Boris but surely he will be long gone by the time Scotland actually became independent after YES vote (probably at least 10 years, just look at the BREXIT timeline).

Please don't flame me, I am just wondering what people think as I genuinely don't get how the benefits outweigh the risks.

OP posts:
SirChenjins · 16/06/2022 08:14

There's no doubt about it - DH had already started to plan for this for his clients at the last referendum, and will be doing the same again if the latest one does go ahead. As always, the money will go where it's most tax efficient, it's the way of the world. Hopefully it won't come to that though, given that the Westminster Govt don't seem particularly inclined to allow it.

Stroopwaffels · 16/06/2022 08:25

Many will. Especially families like ours who are British not Scottish - DH is English, I'm Scottish, one kid born in each country.

We as a family are already paying more in tax than we would in any other part of the UK. A large part of the SNP support hate DH because of his accent and upbringing. They give it all the "oh we're welcoming to everyone! We love our English neighbours!" but we know it's not really true, many of them hate the English and think Braveheart was a documentary.

Northumberland coast or Antrim coast are currently top of our moving lists.

OctaviaC74 · 16/06/2022 08:31

Most of what you mention is already up and running in Scotland, military aside.

I think the biggest problem with Scottish independence is where would England put its Trident subs?

So i suspect Scotland would charge England many billions to keep them there.

I thought Sturgeon made a very good case for independence and why the westminster govt wont give them another vote, short sighted as this will just increase SNP popularity.

whatthehelldowecare · 16/06/2022 08:33

I don't know where I will sit next time. i voted no in the last referendum for a number of reasons including the things you've listed in your OP. I was in a tiny minority in my peer group. I completely agree that it absolutely will result in higher taxes etc., but I'm less of a hard no now. Since the last referendum I've met DH and DSD and we're thinking about having kids and it's resulted in a shift from a selfish point of view to thinking about the potential long term benefits for DSD and any future children/grandchildren/great grandchildren we may have.

Missed the point of the thread potentially, but yes I think it will result in people leaving.. BUT it might be a case of short term pain, long term gain

Trainbear · 16/06/2022 08:35

I don't think there is a country which upon gaining independence from a larger country has NOT suffered an economic decline which although may have been overcome in time has lasted decades. A country gaining independence from a colonial power, or after a ear of independence accepts that "freedom" is worth the price. Scotland, much as a few bams would disagree has not suffered colonial oppression.
I tend to see the pro independence supporters being either those who rely on the state for support or who are safe in the knowledge that they will be the social elite if not financial elite if independence happened.

Of course if someone out there can prove I am wrong please do.

Trainbear · 16/06/2022 08:35

Yes xenophobia racism or hate is common in Scotland

Stroopwaffels · 16/06/2022 08:37

Most of what you mention is already up and running in Scotland

No it's not. We do not have a Scottish DVLA, or a Scottish passport office, or a Scottish benefits payment office, or a Scottish international development office, or a Scottish foreign office with embassies around the world to support interests/citizens overseas etc etc etc.

OP Is right. Billions.

MorrisZapp · 16/06/2022 08:37

Brexit has changed the game. So many knock on effects, with no visible benefits.

I think people will remain in the UK rather than trigger a bigger shitshow.

Stroopwaffels · 16/06/2022 08:39

Or Scottish Border Force, Scottish HMRC, Scottish central bank, Scottish Customs and Excise... shall I continue?

Borisblondboufant · 16/06/2022 08:42

I already know people who have left, some of those are English and suffered abuse through the last referendum.
DH is Scottish. He always says they don’t realise how much they are being subsidised by the rest of the U.K. Independence would be a disaster.

shrodingersvaccine · 16/06/2022 08:43

This reply has been withdrawn

This has been withdrawn by MNHQ.

rnsaslkih · 16/06/2022 08:44

i think people in the border communities will leave. It’s relatively easy and not such a major upheaval to move a few miles across the border. I know someone who was poised to do this last time. I don’t think England is some sort of utopia, but I do think breaking up the home nations is counterproductive.

i have a savings account (not much - they won’t miss it lol) with a Scottish bank and if there is a referendum, I’ll move it even before the result. As I wouldn’t have money in an account that’s in a different country.

speakout · 16/06/2022 08:45

It's a difficult one.
I am on the fence here.
I now a lot who want separation also see it as a way to re-join Europe, without the rest of the UK.
I do understand how the indie voters think, but so many companies are UK wide, having to split business operations would be difficult.
I think- with misgivings- that Scotland has to remain part of the UK.
Ideally I would like to see a new governement that is not so SE focussed- the HS2 is a prime example- the idea of Birminham being in the North is laughable to many UK residents.
Shared power, fairer distribution of resources not only to NI, Wales and Scotland, but to many English regions ouside of the M25 corridor would be my ideal future.

speakout · 16/06/2022 08:48

rnsaslkih · 16/06/2022 08:44

i think people in the border communities will leave. It’s relatively easy and not such a major upheaval to move a few miles across the border. I know someone who was poised to do this last time. I don’t think England is some sort of utopia, but I do think breaking up the home nations is counterproductive.

i have a savings account (not much - they won’t miss it lol) with a Scottish bank and if there is a referendum, I’ll move it even before the result. As I wouldn’t have money in an account that’s in a different country.

I would be interested to know who is that scottish bank.
Is there such a thing now?

rnsaslkih · 16/06/2022 08:48

I actually find it insane that the party is called Scottish nationalist and that people vote for it. A party who name themselves with reference to breaking up the union. Not “liberals” or “socialists” or “conservatives” but destroyers.

rnsaslkih · 16/06/2022 08:49

It’s a division of Bank of Scotland

shrodingersvaccine · 16/06/2022 08:50

This reply has been withdrawn

This has been withdrawn by MNHQ.

rnsaslkih · 16/06/2022 08:51

I can see the argument to get back with Europe as I voted remain. but the referendum was way before brexit and I do find it a bit bizarre that Westminster is too far removed both in distance and attitude but Europe apparently isn’t

Stroopwaffels · 16/06/2022 08:52

There aren't any scottish banks which are just scottish in the way they used to be. RBS is the Natwest group, Bank of Scotland is Lloyds, Clydesdale is owned by Virgin money.

But all the real concerns about currency, or who delivers the post or issues the passports, and whether the past track record of the Scottish government on projects like building ferries or investing in Prestiwck inspires confidence is just swept under the carpet while Sturgeon and her cronies witter on about Westmonster, Boris and the Toaries.

balalake · 16/06/2022 08:52

Whilst there will be a cost to transition, I don't see it being so much that wealthy people will leave in other than small numbers.

I don't see a yes vote in any case, much as I would like one.

speakout · 16/06/2022 08:53

rnsaslkih · 16/06/2022 08:48

I actually find it insane that the party is called Scottish nationalist and that people vote for it. A party who name themselves with reference to breaking up the union. Not “liberals” or “socialists” or “conservatives” but destroyers.

It isn;t seen that way though, people see it as taking back control, having the ability to determine functions within their own country. Many people who vote SNP want to be part of the European Union remember.

SirChenjins · 16/06/2022 08:53

Most of what you mention is already up and running in Scotland, military aside

It's really concerning that anyone would believe that. What do you think is already up and running in Scotland that would be necessary for an independent Scotland? What do you think would have to be set up from scratch? What do you think would have to be expanded or extended?

speakout · 16/06/2022 08:54

rnsaslkih · 16/06/2022 08:49

It’s a division of Bank of Scotland

Bank of Scotland is a subsidiary of Nat West- an English bank.

Dinoteeth · 16/06/2022 08:54

I agree especially people we really need like Doctors and higher earners who are getting whacked for extra tax.

But I worry that the value of our house will drop esp if lots of people have the same idea sell up and move.

I think the border will be a nightmare and I very much doubt we'll get back into the EU. Until the NI / England/ ROI border issues is resolved.

SirChenjins · 16/06/2022 08:55

It isn;t seen that way though, people see it as taking back control, having the ability to determine functions within their own country

The argument seems familiar....remind me how Brexit's going?

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