Can Scotland afford to be independent?

A Scottish Currency in an Independent Scotland

Olanna — Sat, 06 Nov 2021 18:55:18 +0000

A Scottish Currency in an Independent Scotland Olanna Sat, 11/06/2021 - 18:55

Author or Creator

Yes Southside Dr Tim Rideout

Prediction for potential Scottish currency after Independence.

Scottish salaries will be paid in Scottish Pound. There will be a Scottish State Pension. Scotland will no longer be attached to the Bank of England. Scotland will have a Reserve Bank. Shops will trade in Scottish Pound. Zoom Video 1 Hour 30 mins.

Sources and Links

https://fb.watch/96rn2UkfKq/

Keywords

Currency

Pensions

Scottish Reserve Bank

How to pay for becoming independent

Stephen Richard — Thu, 28 Oct 2021 13:51:53 +0000

How to pay for becoming independent Stephen Richard Thu, 10/28/2021 - 14:51

Author or Creator

Common Weal

How much will becoming independent cost in total?

If you make sensible estimates of all the costs involved of becoming independent the total comes to about £25 billion pounds.

Isn't that a lot of money?

Well about £15 billion of that will be inherited from the UK in Scotland's share of UK assets so the real additional cost is in the order of £10 billion and obviously that is a one-off cost. It really isn't that much money when it comes to the budget of a nation state – for example, it is less than a fifth of what would have been Scotland's share of the 2008 bank bailout which was spent in one year.

How do we pay for it?

When the National Commission is set up it should be given the power to issue bonds to international investors with the guarantee that the value of these bonds will be transferred to and therefore assured by the government of Scotland once it is independent. This can then be used to pay for the costs of the tasks needed and simply added to Scotland's national debt at the end of the process.

What do we get for the money?

Well, apart from a properly-established country we get a foreign currency reserve of £25 billion pounds which can be invested and used in an emergency. And we would also get spending of at least a third of the money in the Scottish economy – that's a £3 billion boost to the Scottish economy in the early days of independence.

Keywords

Cost of independence

Scottish Debt

Can Scotland afford independence?

Stephen Richard — Fri, 15 Oct 2021 07:25:03 +0000

Can Scotland afford independence? Stephen Richard Fri, 10/15/2021 - 08:25

Author or Creator

Stephen Richard

Keywords

Cost of independence

Scotland the Brief

Stephen Richard — Tue, 26 Oct 2021 20:19:05 +0000

Scotland the Brief

Primary Author or Creator

Gordon MacIntyre-Kemp

Stephen Richard Tue, 10/26/2021 - 21:19

Additional Author(s) / Creators

Business for Scotland

Publisher

Business for Scotland

Alternative Published Date

2020

Category

Economy

Public Finance

Type of Resource

book

Length (Pages, words, minutes etc...)

191pp

Fast Facts

All you need to know about Scotland's economy, its finances, independence and Brexit.

More details

Scotland the Brief began as a collection of illustrated Scottish economic facts published by Business for Scotland. Over two years, those graphics generated more than four million views and shares on our website and via social media. From that foundation, we’ve produced this book.

Scotland the Brief summarises an in-depth investigation into the breadth, structure and quality of Scotland’s economy. It is written in layman’s terms by Gordon MacIntyre-Kemp and colourfully illustrated by Stewart Bremner to make it easy to understand and absorb, as well as fun to read.

Scotland the Brief answers the burning question – would Scotland prosper as an independent nation?

We also take an in-depth look into the UK Government’s economic record, which we compare to other Western and Northern European nations – with frankly shocking results. The fact is that you cannot truly understand Scotland’s economy and its finances until you have read Scotland the Brief.

Regardless of how you feel about independence, Scotland the Brief will open your eyes, engage and educate you by supplying you with the facts you need to truly inform your opinion on Scotland’s future.

Scotland the Brief comes in two versions:

The standard-sized A5 book nicknamed the Maxi contains a lot more information across 190 pages, backed up with a numbered list of 418 sources for facts throughout the book. A reference copy for anyone who wants to understand Scotland economy – The Maxi book retails at £7.50.
The Mini, an A6 sized book is the quick reference copy (a 74-page abridged version of the full-sized book) it fits easily into a jacket pocket or handbag and most of the pre-orders are for people who intend to keep one to read and one give to friends and colleagues. The Mini retails at £3.50.

Resource Address (URL)

https://www.businessforscotland.com/scotland-the-brief/

Keywords

Language English

Scottish independence: could wind power Scotland back into the EU?

Stephen Richard — Tue, 12 Oct 2021 18:29:35 +0000

Scottish independence: could wind power Scotland back into the EU?

Primary Author or Creator

Piotr Marek Jaworski

Stephen Richard Tue, 10/12/2021 - 19:29

Additional Author(s) / Creators

Kenny Crossan, The Conversation

Date Published

Fri, 03/26/2021 - 12:00

Category

Green economy

Independence

Type of Resource

News Media

Fast Facts

Scotland’s competitive advantage in green energy ought to be an important part of the economic case for independence when the second referendum takes place.

Resource Address (URL)

https://theconversation.com/scottish-independence-could-wind-power-scotland-bac…

Keywords

Renewable Energy

Green Economy

Independence referendum

Language English

This is why the Westminster myths about independence are wrong. Open minds on independence #18

Stephen Richard — Sun, 10 Oct 2021 10:18:19 +0000

This is why the Westminster myths about independence are wrong. Open minds on independence #18

Primary Author or Creator

The National

Stephen Richard Sun, 10/10/2021 - 11:18

Additional Author(s) / Creators

Believe in Scotland

Date Published

Wed, 04/14/2021 - 12:00

Category

Independence

Type of Resource

News Media

Fast Facts

This looks at three myths about Scottish independence:

MYTH 1: You'll have had your referendum.

MYTH 2: Scotland has a huge deficit because we spend too much on public services.

MYTH 3: The costs of establishing Scotland as an independent country will be huge.

Resource Address (URL)

https://www.thenational.scot/news/19230554.westminster-myths-independence-wrong/

Keywords

Public services

Public Debt

Independence referendum

GERS

Language English

Scottish independence would be 2-3 times more costly than Brexit, and rejoining the EU won’t make up the difference

Stephen Richard — Tue, 05 Oct 2021 15:22:19 +0000

Scottish independence would be 2-3 times more costly than Brexit, and rejoining the EU won’t make up the difference

Primary Author or Creator

Hanwei Huang

Stephen Richard Tue, 10/05/2021 - 16:22

Additional Author(s) / Creators

Thomas Sampson, Patrick Schneider

Date Published

Fri, 04/02/2021 - 12:00

Category

Independence

Type of Resource

Blog

Length (Pages, words, minutes etc...)

5pp

Fast Facts

Scottish independence would be 2-3 times more costly than Brexit over 15 years. Rejoining the EU wwll make up part of the difference in trade value. This made headline news for a time. The methodology has been questioned.

Resource Address (URL)

http://eprints.lse.ac.uk/109030/1/brexit_2021_02_04_indyref2_scottish_independe…

Keywords

independence

Cost of independence

Brexit

Language English

Brexit has reinvigorated Scottish nationalism

Stephen Richard — Tue, 05 Oct 2021 11:47:12 +0000

Brexit has reinvigorated Scottish nationalism

Primary Author or Creator

The Economist

Stephen Richard Tue, 10/05/2021 - 12:47

Date Published

Sat, 04/17/2021 - 12:00

Category

Independence

Type of Resource

News Media

Fast Facts

Scottish independence is a constitutional project, not an economic one. Fixing who governs you takes precedence over an easy life for supermarkets or civil servants. Brexit has shown that a committed government, with the mandate of a referendum and an appetite for dislocation, can go a long way.

Resource Address (URL)

https://www.economist.com/briefing/2021/04/15/brexit-has-reinvigorated-scottish…

Keywords

Brexit

Independence referendum

Public finance

International trade

European Union

Language English

Scottish independence trading costs calculated

Stephen Richard — Tue, 05 Oct 2021 11:32:47 +0000

Scottish independence trading costs calculated

Primary Author or Creator

Douglas Fraser

Stephen Richard Tue, 10/05/2021 - 12:32

Additional Author(s) / Creators

BBC

Date Published

Wed, 02/03/2021 - 12:00

Category

Economy

Type of Resource

web page

Fast Facts

There may be significant economic costs resulting from independence. However, there is no reason Scotland cannot prosper as other small nations have. This report looks at the cumulative effect over 15 years.

Resource Address (URL)

https://www.bbc.co.uk/news/uk-scotland-55921961

Keywords

Brexit

International trade

Borders

Language English

Can Scotland afford to go it alone?

Stephen Richard — Wed, 29 Sep 2021 10:54:59 +0000

Can Scotland afford to go it alone?

Primary Author or Creator

Ruth Strachan

Stephen Richard Wed, 09/29/2021 - 11:54

Additional Author(s) / Creators

Investment Monitor

Date Published

Thu, 05/06/2021 - 12:00

Category

Economy

Type of Resource

Article

Fast Facts

With every passing election, Scotland seems to move closer to independence. Investment Monitor explores the obstacles the country would face should it leave the UK.

Resource Address (URL)

https://investmentmonitor.ai/analysis/who-would-pay-the-bills-in-an-independent…

Keywords

Language English