Referendum 2014
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Referendum 2014
The Scottish independence referendum and the debate about Scotland's constitutional future
Curated by Peter A Bell
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The big decision

The big decision | Referendum 2014 | Scoop.it

You’ve bravely waded through a 3500-word book review already this morning, so let’s give you something a little more bite-sized to digest.


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Scottish independence: Pension and savings warning

Scottish independence: Pension and savings warning | Referendum 2014 | Scoop.it
AN INDEPENDENT Scotland would have “significant difficulties” in underwriting personal savings of up to £85,000, the UK Treasury will claim today in a flagship report.
Peter A Bell's insight:

It seems we must assume that, while the British parties have a highly developed ability to identify and amplify the sort of issues that face sovereign nations, when it comes to offering solutions they are entirely bereft of ideas and evince a total lack of confidence in their own capacity to deal with what, after all is said and done, is no more than the everyday business of government.

So why would we pay any heed to their scaremongering?

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Indy Scotland 'would need to guarantee savings'

AN independent Scotland would need its own guarantee system to protect people's savings in the event of another banking collapse, the chief executive of the UK-wide protection scheme said yesterday.

Peter A Bell's insight:

Those of us who aspire to the restoration of Scotland's rightful constitutional status are hardly going to be perturbed by the "revelation" that this would involve also taking on the responsibilities of an independent nation. It is for those who insist that Scotland must be an exception to explain why they consider the people of Scotland less worthy and less capable than the people of nearly 200 other countries whose right to independence is not questioned.

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Scots on what separation could mean for your savings, pension and mortgage

Peter A Bell's insight:

Arguably Bitter Together's most woeful effort to date!

 

It is revealing that they chose to talk exclusively to victims of their own propaganda onslaught through the mainstream media rather than financial experts or even knowledgeable commentators. We are left to draw our own conclusions as to why the anti-independence campaign has been so selective. And why it prefers this sort of thing to informed debate.

 

But the British nationalists aren't content simply to foist such ill-informed nonsense on us. At least by the implication of the title they stand by all of this as a reasonable assessment of what might actually happen in relation to personal finance after independence. They are going to have serious problems justifying that.

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Robin T Cox's comment, April 25, 2013 3:18 AM
If this is the level of economic wisdom that's currently in charge at the London Treasury, then I fancy that my savings etc. are safer if they never get their hands anywhere near it!