Originally Posted by
Leon Jabachjabicz
Tom
What it would mean is that you have naff-all investment in a broken country! You can't just cut each other's hair, sell oat cakes and whisky. The big corporates ain't stupid and have already started pulling the plug - ignore at your peril!
Also, if the 50%+ tax rate that Salmon D is promising comes in then all of your high powered help in and around Aberdeen is going to leg it faster than a rat on a sinking ship.
LJ
Leon we were able to function quite easily in the days before RBS was allowed to to grow to 12 x the Scottish GDP. If our banking sector moves away from the casino banking so beloved of the city then so be it, I won't shed a tear - their previous model brought this country to its knees. It will not happen overnight but Scotland will have the opportunity to grow other sectors, yes it will be in competition with everywhere else, but why should it not enjoy that right. It is somewhat strange indeed that Scotland, amongst small countries, would be uniquely singled out to fall to the circumstances you suggest. As for high powered help legging it, that tends to be the cry of the high powered help themselves, just like the bankers and their bonuses. I've always believed in the "hand in the bucket of water" analogy - we have plenty of young talent here waiting for their opportunity. Leon, I don't think milk and honey will flow overnight just because we are independent, I do believe taxes will rise but it will be our choice to fund what we want. I simply do not share your pessimism. Anyway this is off topic and we are in danger of turning this into Jet Blast territory. Perhaps we are best sticking to the OP topic, we may start annoying folk.
Tom