Look no further than the price of a pint in Denmark and Norway. Not sure Ireland does that well.Again SOS, look at other countries with less to offer than Scotland, that are of a similar size population wise and ask yourself why they do better than us. Now, what is the difference between countries like Ireland, Denmark, Norway and Scotland? What could it be?
Yes, i've paid the crazy prices for a pint in Norway! That said, they have a better standard of living overall and strangely a lot of things are similarly priced to the UK, such as much of their fishing.Look no further than the price of a pint in Denmark and Norway. Not sure Ireland does that well.
You need to stop this FruinI suggest you look up comparable deficits of other countries, first asking yourself how much of a problem a deficit is. Then ask yourself why Scotland actually has a deficit.
Again SOS, look at other countries with less to offer than Scotland, that are of a similar size population wise and ask yourself why they do better than us. Now, what is the difference between countries like Ireland, Denmark, Norway and Scotland? What could it be?
Other than crap disposable furniture the Scandinavians are known for their ability to operate a pretty prudent economic regime whilst providing high levels of State spending. We all know this, its why a round of beers needs a bank loan and why other taxation is at levels considered unacceptable in pretty much every other region or country.Yes, but tax makes their eyes bleed.
Nobody said it would be frictionless, but, neither do we all think that the worst possible things that could happen will happen. I think it is a real stretch in a global market to compare histories to determine the future. Like most things in life you get a better picture by comparind assets, skill and potential.1. None of those countries went through the Industrial revolution in the same way as the U.K. None of those countries have large, urban populations, a legacy of de industrialisation.
2. Norway especially skipped straight from largely agrarian society to post industrial, via huge influx of cash from oil.
3. Ireland stood still for 70 years as an agrarian nation, until they hit on the genius Idea of becoming a tax haven. Good on them, if the game is globalisation, they are playing a blinder, as long as it lasts.
4. Denmark is and always has been tightly integrated to the German economy.
5. These countries consume less and save more
6. These countries have very different social, cultural and geographic histories over handreds, in some cases thousands of years.
Be honest, Independent Scotland won’t be starting at the same place those nations did.
Independent Scotland won’t turn into a tartan facsimile of any of those nations either. Not in any short timeframe. There isn’t a hope in hell.
Of course being independent isn’t just about economics and there are other (more important) considerations.
Why not just admit the likely risks and be honest about it, instead of pretending everything is going to be rosey?
It’s a bit like the EU situation.
The U.K. is experiencing the inevitable frictions caused by separation of the U.K. from the Single Market. Scotland is integrated into the U.K. in a way that the Eurocrats could only dream of, yet we are supposed to believe that separation from the U.K. is going to be frictionless?
Only if you consider that Scotland is a poor country. Obviously, we are not and have gad good credit ratings from international and independent agencies, even removing oil and gas.You need to stop this Fruin
One answer is 'an awful lot worse if the interest rate goes up, the capacity to repay debt decreases and the only entities buying Scottish bonds have an address in Beijing'
You guys really need to start thinking through implications. There is little ambiguity in understanding and accepting the concepts that form the foundation of sovereign economics.
Your posts are cult like in their consistent denial to look at the facts, whether they be in regard to joining the EU or accepting the economic path following independence. You are being played by the party with the oldest trick in the book - nationalism and grievance. There's no economic miracle, there's no riches hiding in the landscape, there's no EU riding in to help you. All there is is the stoking of the grievance for the benefit of the party.
Scotland isn't currently a 'poor country' though is it? That's just more propaganda. Broadly it tracks the rest of the UK and as you would expect the UK is a pretty average country that does some things well and others not. Just like any other country. The point is that it is understood that it would need to go through a period of 'being poorer'.Only if you consider that Scotland is a poor country. Obviously, we are not and have gad good credit ratings from international and independent agencies, even removing oil and gas.
Opening by playing the man and not the ball, which is easier than trying to comment on what he writes.Seen this before. It is from ultra unionist Kevin Hague. Actually a strong statistical analysis based on the unknown. Does it factor in that Westminster spending on Scotlands behalf includes thousands of employees not based in Scotland and payimg taxes in England & Wales, or, that we've been paying interest on a debt we have no control over for decades? I guess we'll never know until we stop using nominal estmates based on population share.
Nobody said it would be frictionless, but, neither do we all think that the worst possible things that could happen will happen. I think it is a real stretch in a global market to compare histories to determine the future. Like most things in life you get a better picture by comparind assets, skill and potential.
Roag Fisher, that is why I steer clear of posting things from Indy sites or supporters of Indy, because I know that you lot will just class it as tainted. It is without a shadow of a doubt that Kevin Hague is an ultra yoon and is playing with statistics. I have avoided posting these up until now but, here you go, it's your turn to play the man...
Note: The research below was first carried out six years ago but is updated every year. The figures and graphs have been updated and republished on September 7th 2020 to include the GERS most recently published for 2019/20. Every Westminster Government in your lifetime has knowingly diverted...www.businessforscotland.com
Arguably the most misunderstood part of the UK public sector budgeting mechanism is the Barnett Formula. The vast majority of people, politicians and the media seem to think that Barnett represents a subsidy to Scotland. Many Westminster MPs (mainly Conservatives) have described it as English...www.businessforscotland.com
There is a little known Westminster spending policy that places a charge on Scotland’s public sector accounts, but the economic benefit of it is felt outside of Scotland. In short, Scotland does not benefit from all of the spending that the UK Government claims it spends on Scotland’s behalf. I...www.businessforscotland.com
Today the UK economy is weak and vulnerable to economic shocks. It sits in a precarious position, especially as the damage from Brexit won’t be felt till after the 2020 transition period. Right across the board the risk of recession and possibly even depression has never been greater in the UK...www.businessforscotland.com
To correct you, there are not more people employed in the public sector than the private sector in Scotland - that is a ridiculous statement to make. Typically there are around 500,000 public sector workers in Scotland and 2,000,000 private sector workers.
Also, why do Norway have more people they can tax?
I see the ‘talking up Scotland’ writer would tear down all the historic castles and houses as they are an affront to contemporary society when viewed through the magic ‘judge history based on today’s view of the world hindsightometer’. Whilst I recognise terrible things happened through history - it would seem a shame to destroy your tourist industry.Salmo, calling one side full of spins and lies really doesn't help anybody. Further to that, we already know that Neil Oliver is a fraud, but perhaps this says it better than I can...
“They left their windswept crofts behind looking for adventure and the promised land” Did he really say that about the folk burned and driven off their land in the Highland Clearances? …talkingupscotlandtwo.com
If you want a real historians take on Scotland then should read Prof. Tom Devine's book - The Scottish Clearances: A History of the Dispossessed.