The Quick Guide To A New Scottish Currency

1. When will the Scottish pound come into us?

2. How long does it take to create the Scottish Reserve Bank and be ready to release the new currency?

3. Why is it called the Scottish Pound?

4. Will I be forced to convert my money?

5. Do I need to do anything?

6. Will my new S£ account and cards be the same as my existing ones?

7. Can I keep my Sterling account(s) and have new S£ accounts?

8. Isn’t this even more complicated than Decimalisation in 1971 or bringing in the Euro?

9. Can I just carry on using Sterling for all my purchases?

10. Isn’t this all very difficult for businesses that buy or sell in rUK?

11. What about my mortgage, credit card and personal loan?

12. If I re-mortgage how does this work?

13. What is the big picture on our debts?

14. What about my ISA?

15. What about my wages?

16. What about my pension?

17. Don’t we need to save up Foreign Exchange reserves before we can introduce the S£?

18. What happens to the Banks?

19. I have been told the banks will have unmatched assets and liabilities and that this will cause a big problem?

20. It has been claimed that the commercial banks will face huge foreign exchange risks?


Brexit Costing Scotland Billions

"New analysis shows the UK is the only country in north west Europe to have suffered a decrease in exports since the Brexit vote in 2016. Far from increasing trade, as Boris Johnson promised, the UK has suffered a downturn – costing £billions."

UK Pensions Are At The Bottom Of The Pile

"This is a shameful chart https://www.oecd-ilibrary.org/finance-and-investment/oecd-pensions-at-a-glance_19991363'); from the OECD report ‘Pensions at a Glance’ which shows that the UK has the second lowest pension rate of the countries surveyed – and easily the lowest for any OECD country when viewed as a percentage of the average working wage.

The OECD average is 63% and for the EU it is 71%; Britain’s figure is just 29%".

Why GERS Is Not True

"This deficit, more accurately described as ‘notional’ by the Fraser of Allan Institute, is based on the GERS figures. These figures were specifically developed in the 1990s to counter the case for independence. They are almost all estimates. No one knows what the Scottish Government’s tax revenue would be. They include the cost of debt due to the UK’s trade imbalance over decades despite Scotland’s longstanding trade surplus. They include the cost of Trident, aircraft carriers and cruise missiles, we would never need or want to have. The data is manipulated to suggest Scotland is less viable than the other parts of the UK. See Prof Richard Murphy’s demolition of the case..."

Independence Is A Scary Word

"Next time around the arguments used before will have lost their freshness, their ability to cut through scepticism and a lack of interest in politics in general. And this time it’s almost certain the campaign will be much shorter. So how to move minds?"

Why The (Westminster) Government Is Lying When It Says It Cannot Afford Pay Awards For The NHS And The Police

"In the case of government it’s never true there’s no money to do what people want. The opposite is always true. There is always money to do what people want. The reality is that politicians have to decide which things they want, and the fact is that they do not want to admit that. I stress, this is true right now with regard to the pay rises for the NHS and the police. The government will be claiming that they cannot afford to provide new money for the NHS and cannot afford pay rises for the police. But those claims are straightforward lies."

UK Government Gets Brexit Sums Wrong Again!

"The final bill facing the UK for Brexit could be almost £41bn. That estimate comes from Brussels and is up to £5billion higher than the UK government’ estimate. The new figure –  €47.5bn – is in Brussels’ 2020 budget account and compares with a UK estimate of between £35 billion and £39 billion. Tony Murphy, an Irish member of the European Court of Auditors, said the higher number is unlikely to change, even though it is currently only provisional. The higher EU estimate is another example of the UK government getting its figures wrong over Brexit. The bill covers the UK’s share of spending pledges made by the EU up until the end of the transition period on 31 December last year. The higher EU estimate is another example of the UK government getting its figures wrong over Brexit."