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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:
Ianrankinfan · 16/06/2022 21:42

@littlbrowndog … you beat me to it. 😀

CherryReid · 16/06/2022 21:42

@Thebestwaytoscareatory
just so you know Scotland is energy self-sufficent.

Well Engand's probably self sufficient or are you talking about renewables.
Check this out:-
fullfact.org/environment/scotland-renewable-energy/

Fairisleflora · 16/06/2022 21:43

If the SNP were transparent about Indy and the economic risks then I would be all for a referendum. If the majority think that living in a less prosperous nation is worth it for independence then that’s fine. It’s the gaslighting of an entire population that riles me. It’s Brexit and the £250m NHS bus all over again. Lies, lies, lies.

Fairisleflora · 16/06/2022 21:45

Handily the Scottish government produces GERS figures which show just how much Scotland benefits financially from being part of the UK.

CherryReid · 16/06/2022 21:46

So a major company/ manufacturer which runs a UK-wide business will stay in Scotland

Is there a major company which runs a UK wide business in Scotland* *😂

Teach12 · 16/06/2022 21:46

I've been in the maternity unit in Dr Gray's hence why I was questioning it as the poster appeared to be saying there are no maternity services there.

Yes some cases will require specialist provision in Aberdeen but others will go to Elgin or Raigmore.

ShandaLear · 16/06/2022 21:49

My DP would go back to Scotland if it got indie, particularly if it went back into the EU. That’s what’s important to him. He voted no in the last referendum but Brexit has crippled his business and he’s a hard yes now.

Villagewaspbyke · 16/06/2022 21:52

Fairisleflora · 16/06/2022 21:32

There are so, so many factors that mean Indy would be economically devastating:

Separating yourself off from the place where you export 60% of supplies to.
Having to start up endless civil service functions.
High paid jobs / taxpayers moving south.
Loss of Barnett formula (worth £12-£15bn a year).
Not having your lending backed by the Bank of England, an institution hundreds of years old and had never defaulted, hence can borrow at very low rates. Indy Scotland would not be able to access such low rates of borrowing.
If you start a new currency it will devalue rapidly. If you live in Scotland being paid wages in a rapidly devaluing currency yet have to repay a mortgage in GBP you are in a dire situation.

These are just the issues off the top of my head. I’m sorry if it seems patronising to point these things out to those who believe it’s all going to be a bed of roses, but that’s just facts.

Ah do you’ve moved on from it would be about the history of the ancient (10 years old) FCA and it’s regulatory prowess. Well that’s something.

why would taxpayers move south? Tax is already higher in Scotland.

why would scotland need “endless civil service numbers”? Why wouldn’t the move of some civil service Jobs’s from London to Scotland actually be a good thing for Scottish jobs?

Why do you think the age of the Bank of England means it can borrow more cheaply? How does it compare to younger banks?

how do you know what will happen to a any currency versus the pound? What are these facts?

why do you think financial institutions would ever be allowed to retain domestic borrowing in one currency when the currency of that country had changed to another? Did that happen in the eurozone?

it does sound patronising yes. There is a harmful and racist trope that Scottish people are some sort of parasites in the uk peddled by the right wing press. That’s what you are doing here. It’s not facts at all.

littlbrowndog · 16/06/2022 21:53

Education attainment gap.

this is damming

www.heraldscotland.com/politics/20148292.snp-drop-key-pledge-close-education-attainment-gap-2026/

Villagewaspbyke · 16/06/2022 21:56

CherryReid · 16/06/2022 21:46

So a major company/ manufacturer which runs a UK-wide business will stay in Scotland

Is there a major company which runs a UK wide business in Scotland* *😂

there are many international companies in Scotland and in England. No reason to think separation of the uk would mean that would change.

littlbrowndog · 16/06/2022 21:56

Teach12 · 16/06/2022 21:46

I've been in the maternity unit in Dr Gray's hence why I was questioning it as the poster appeared to be saying there are no maternity services there.

Yes some cases will require specialist provision in Aberdeen but others will go to Elgin or Raigmore.

What’s wrong with having proper maternity care for women. Why do they have to travel 65 miles. To Inverness or wherever.

Villagewaspbyke · 16/06/2022 21:57

Teach12 · 16/06/2022 21:46

I've been in the maternity unit in Dr Gray's hence why I was questioning it as the poster appeared to be saying there are no maternity services there.

Yes some cases will require specialist provision in Aberdeen but others will go to Elgin or Raigmore.

I had both dds in London. NHS services are dire and I went private with dd2.

Pluvia · 16/06/2022 21:58

Fairisleflora · 16/06/2022 21:32

There are so, so many factors that mean Indy would be economically devastating:

Separating yourself off from the place where you export 60% of supplies to.
Having to start up endless civil service functions.
High paid jobs / taxpayers moving south.
Loss of Barnett formula (worth £12-£15bn a year).
Not having your lending backed by the Bank of England, an institution hundreds of years old and had never defaulted, hence can borrow at very low rates. Indy Scotland would not be able to access such low rates of borrowing.
If you start a new currency it will devalue rapidly. If you live in Scotland being paid wages in a rapidly devaluing currency yet have to repay a mortgage in GBP you are in a dire situation.

These are just the issues off the top of my head. I’m sorry if it seems patronising to point these things out to those who believe it’s all going to be a bed of roses, but that’s just facts.

Yes, good points. I know there's been a boom in property prices in the last few years. I wonder how many people will decide to cash in now — if they can find buyers. Your point about taking out a mortgage in sterling and being paid in the new Scottish currency, which may tank, is worrying. I for one wouldn't risk purchasing in Scotland until there's a reassurance that if a new referendum throws up another no vote, that'll be the last referendum for a minimum of 20 years.

WouldBeGood · 16/06/2022 21:59

@Villagewaspbyke well, why the fuck would people vote on that basis? Shut your eyes and leap off the cliff

Sparklybanana · 16/06/2022 22:02

We're both higher earners and have left already. Got fed up of the constant independence threat looming and death of investment in my town. We were also worried that independence would knock off even more value off our house and every year we stayed, it would be harder to move anywhere else if the jobs market continued to get squeezed. A lot of our friends have also come to the same decision and if they have no family in Scotland, they've already jumped ship before the water gets too high. It's really nice not to have to be worried about it anymore. It's nicer not to have to listen to independence arguments and then hear the exact opposite once the subject of brexit comes up. Independence is going to be a lot harder than Brexit and yet my 'yes' friends seem to think that Scotland will be able to cherry pick the good bits and not be responsible for the bad bits and that the fallout we've seen with brexit won't happen. Drove me nuts.

Fairisleflora · 16/06/2022 22:02

The National ‘newspaper’ recently had a headline stating that Indy would mean 52,000 new civil service jobs alas though this is a good thing. We would have to pay for them. It’s not the jobs though, it’s the setting up of the welfare state payment process, DVLA, ministry of defence, foreign office, embassy’s. You have to admit that would cost billions.

and lending rates. They are based on credit ratings which are built up through years of being lent money and paying it back on time. It’s a fact. The Bank of England can borrow cheaply. A new bank would not be able to.

Villagewaspbyke · 16/06/2022 22:02

littlbrowndog · 16/06/2022 21:17

Jeez.

the ferries. Who cares about people on the islands

gupta steel - it’s only millions

rangers false crimes - it’s only millions

bifab - it’s only millions

4 years waiting list for a hip operation. 7 years for a shoulder

moray maternity services. - who cares women can travel for 90 minutes in labour

education attainment gap - well despite we said we would close that we have given up

delays on the new childrens hospital in Edinburgh. Who cares

our universities need foreign students to bring in money. Our own kids. Well who cares. College funding. Slashed.

edinburgh. Ramshackle. Given over to air B and B. Entire tenements deserted in the centre of town. Festivals given over to foreign invest. Princes street garden ruined every year. Roads potholed back to cobbles

women and girls. Naw no care of safeguarding for them. Any man can say he is a women. We women have no say.
hate crime - well men in drag have more protections than women and girls

and the stress of another divisive referendum.

ta sturgeon. Thanks

All those things happened under the uk. It’s not an argument against independence.

nothing is perfect and no one says things can’t be better. But if you think Scotland is so badly off,why do you support more of the same?

Frazzled2207 · 16/06/2022 22:03

Find this very interesting. I’m not Scottish and pro-unionist but husband is Scottish and if they became independent but were able to join the EU we’d seriously consider moving there. Totally sick of the UK. I know the grass is always greener but from where I’m standing Scotland seems an attractive place to go(we’re considering leaving England in the long term anyway)

17CherryTreeLane · 16/06/2022 22:05

Slightly late to the thread, but need to point out that Virgin money did not acquire Clydesdale bank. It was/is the other way round.

Fairisleflora · 16/06/2022 22:07

I don’t think Scotland are parasites. It’s just a fact that the UK gathers taxes and distributes to regions based on need not how much taxes are raised in that region. Only the SE and London earn in tax more than they spend, but London in particularly takes so much in tax that it can distribute a bonus £2k per person to Scotland, more PP to NIreland and the NE of England. That’s the bonus of being in a union with an e trembly economically prosperous part of the world. Why walk away from that?

littlbrowndog · 16/06/2022 22:07

But my government did the ferries and the hospitals and Gupta and the education gap and the hospital and the maternity services and the hate crime

that’s my government. Scottish government

Villagewaspbyke · 16/06/2022 22:07

Fairisleflora · 16/06/2022 22:02

The National ‘newspaper’ recently had a headline stating that Indy would mean 52,000 new civil service jobs alas though this is a good thing. We would have to pay for them. It’s not the jobs though, it’s the setting up of the welfare state payment process, DVLA, ministry of defence, foreign office, embassy’s. You have to admit that would cost billions.

and lending rates. They are based on credit ratings which are built up through years of being lent money and paying it back on time. It’s a fact. The Bank of England can borrow cheaply. A new bank would not be able to.

Lol. Things such as driving licenses are not new in Scotland. Civil service jobs are not new - they are just in essence being relocated from elsewhere in the uk. Which is likely to be of benefit to Scotland.

the Bank of England can borrow cheaply due to its credit rating yes. You got there in the end. But other central banks also have good credit ratings.

Blimeyherewegoagain · 16/06/2022 22:09

Villagewaspbyke · 16/06/2022 22:02

All those things happened under the uk. It’s not an argument against independence.

nothing is perfect and no one says things can’t be better. But if you think Scotland is so badly off,why do you support more of the same?

These are devolved issues. Under direct control of the Scottish government, who have massively mismanaged funds!

Villagewaspbyke · 16/06/2022 22:09

littlbrowndog · 16/06/2022 22:07

But my government did the ferries and the hospitals and Gupta and the education gap and the hospital and the maternity services and the hate crime

that’s my government. Scottish government

Right. Is it better than the lockdown party having, brexit loving, Rwanda deporting uk government? Is that your government?

Ofcourseandyouknowit · 16/06/2022 22:11

Ianrankinfan · 16/06/2022 20:52

@Ofcourseandyouknowit That’s right …. dismiss it without a discussion because it’s written by the Conservatives and Unionists…. How can we get the best for Scotland if people are not prepared to admit the failings of the Scottish Government… seems that SNP supporters are never prepared to criticise and analyse what Nicola Sturgeon has done. … this could be to the detriment of us all if we cannot admit that there have been serious mistakes made.

Eh @Ianrankinfan I didn’t dismiss it, I said I was going to look at it, I haven’t had a chance to look at it yet because I’ve been busy until now. I literally thanked you for the link.

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