Pluvia Yesterday someone cited Iceland as being a prime example of a wealthy and healthy tiny country. They seem to have forgotten that the country was bankrupted and its banks went under in the fallout from 2008-9. It recovered only by taking draconian measures such as banning capital from leaving the country. People were prohibited from investing in foreign currency or buying foreign stocks and shares. Can you imagine the First Minister of Wales or Scotland doing something like that? It wouldn't be allowed in the EU, which is based on the free movement of money. Maybe if there are only 350,000 closely connected individuals on an island, as in the case of Iceland, it can work — but not in Wales or Scotland, surely. I know some extremely bright people who argue for independence. They're all well-enough off not to suffer if things are very difficult for a few years, or to move abroad if it gets unsustainable. I can't see how it would be good for all the ordinary people who just about manage.
Thats actually a really interesting point to bring to everyone's attention. I could see an independent Scotland or Wales introducing capital or credit controls (different things, similar effects on ordinary people's ability to spend money outwith their own country).
Independence supporters always give examples of "successful small countries", generally ultra-conservative, low tax and secretive banking Switzerland or oil-rich, high tax Norway. Both are extremely expensive to live in. But they never give examples of less successful small countries, such as Lithuania or Estonia or Albania. Or if they do, they always put a sunlit uplands spin on it.
Its not that long ago that the UK had capital controls. Margaret Thatcher abolished them, but prior to that, you were limited in how much money you take on holiday abroad from the UK. It was also essential for joining the EU, because one of the Four Freedoms requires it.
The Scottish and Welsh governments are very left wing in their policies compared to the rest of western Europe. They really like to dictate how people spend their money and to control people's lives. They particularly hate people enjoying themselves on holiday, whether that be through an AirBnB or a second home, while second home buying is pretty standard for average middle class people in most European countries, including Switzerland and Norway. Its easy to find an AirBnB in them too. I often wonder if its some hark back to extreme Presbyterianism in Scotland's case, where people weren't supposed to enjoy themselves too much (the covenanters made the "wee frees" with their hatred of fun on Sundays look positively enlightened).
None of it sounds much of a fun place to be. Much higher taxes, your daily life controlled, the low salaries that are current in much of Scotland and not allowed to spend what you have left on a self-catering holiday but instead marshalled into a state-sanctioned hotel.
fromdownwest In Wales, our First Minister, banned the sale of books, paper and babies clothes in Tesco during the lockdowns. That level of incompetence and dangerous abuse of power, has no place in a devolved government
That devolution has created the situation in a modern democracy where a unicameral government can do such a thing is a disgraceful indictment of the way devolution has been rushed through to appease independence supporting politicians. Little thought for the people who actually suffer these policies.