I really really hope the Scots see through Salmond's plan. It's simply not credible and he's desperately trying to win by appealing to emotion and not reality.
Can Scotland go it alone? Of course it can. Would it be better off? In my opinion no. Not in the long run.
Salmond is selling that it will be easy peasy to negotiate a clean break from the UK. They'll of course keep the oil, a bit of the national debt, keep the pound, join the EU and freed from Westminster interference life will be cushdy.
Except....there's a lot of big IF's there.
As anyone whose gone through a divorce knows, rarely are they clean. Rarely does one person get everything they want.
So what about the interests of rUK? Once Scotland votes to go it alone, why would we want to let Scotland use the pound? Well Salmond says it makes sense because it would cost £500m in additional business costs if we didn't. Sorry but £500m is barely worth mentioning if you are measuring it across our whole economy. Our GDP is measured at something like £1.5 trillion.
If we did let Scotland share the pound in effect we have to guarantee Scottish banks and hope that the Scottish government don't borrow too much to destabilise our economy too. Personally I'm not a big fan of sharing money like that. It's like separated couples waiting for a divorce agreeing to continue to use a joint bank account. It's just a recipe for disaster isn't it?
Yes Scotland has oil & gas now. But from what I've read it's pretty much common knowledge that this is on the decline. Yet Scotland has an aging population and large welfare bill with a left leaning socialist mentality. In the long term things will get much tougher. Of course we all hope Scotland's economy does really well. But as a small country with precious few natural resources other than oil & gas things growing an economy isn't as easy as it sounds.
And as a new independent country the assets of RBS & HBoS will be 12x the size of the Scottish economy. In other words Scotland couldn't mount a banking bailout if it had to.
It just seems utterly bonkers to me. The only response Salmond seems to have is "Oh they're all lying!". What? All three main parties, the BoE chief, the head of the civil service and the president of the EU....they're all lying about the problems that lie ahead??? And we should believe Salmond instead who simply says everything will be peachy??