Vince Cable in today’s Herald:
“Millions of Scots will lose out on an RBS share bonanza worth up to £800 if they choose independence, Business Secretary Vince Cable has warned.
The Treasury is considering giving every taxpayer in the UK shares in RBS as part of a give-away ahead of the next general election. Coalition sources calculate the windfall could be worth £400 to £800 per person.
Coalition Cabinet minister Mr Cable said his Liberal Democrat party backed the payout to ensure taxpayers benefit from 2008′s billion-pound bailout of the Edinburgh institution, although he cautioned the Coalition not to “rush” the process.
Asked if Scots would get a chance to benefit in an independent Scotland, he said: “No. It is at the moment vested in the British Government.”
Even leaving aside the astonishingly crude bribery/blackmail aspect, we’re still a bit confused. Unionists constantly tell us that RBS is “Scottish”, and therefore an independent Scotland should take on all its debt. But apparently the people of the rUK will still own the whole bank, so they’ll get all the shares and the profits.
Sometimes, readers, it really does seem like the No camp is devoting most of its anti-independence efforts to putting us out of a job.
Via Peter A Bell