Tuesday, April 23, 2013

Scottish independence: George Osborne slams the door on a Sterling zone pact, SNP should have planned for a separate currency, like the EU and Nato debacles, Alex Salmond and Nicola Sturgeon prove they are incapable of delivering!




















Dear All

Do you have shares in chicken?

If you do, then you are in for a treat, the chickens have come to roost for Alex Salmond and Scotland’s unpopular Deputy First Minister Nicola Sturgeon.

A new Treasury report has effectively sunk their idea of a ‘partnership of equals’ on currency.

The conclusions in the report shows yet again, that Scotland needs its own currency if it is to be independent.

The lack of genuine talent in the Scottish National Party has produced no viable solution to the currency problem.

This means that ann independent Scotland would have to give up control over key elements of its economy if it wants to keep on using the pound.

Chancellor George Osborne fired the official broadside today.

Under Alex Salmond and Nicola Sturgeon’s incompetence, an iIndependent Scotland would have no control over “macroeconomic framework”.

Independence supporters must be waking up this morning and wondering, exactly what have Alex Salmond and Nicola Sturgeon actually done to prepare Scotland for its independence bid?

Precious little!

Osborne chose Glasgow, the heart of the Labour Empire to launch a Treasury analysis of the implications of a Scottish vote for independence in next year’s referendum.

And then he dropped the Bomb, the UK is unlikely to agree to a new sterling zone between the two countries.

What about Alex Salmond’s ‘jolly fat man’ routine?

Everything is nirvana and everyone will get two acres and a mule strategy appears to be unraveling day by day.

Osborne chipped in by saying:

“I think it is unlikely that the rest of the United Kingdom would agree to or we could make work a euro-style currency zone with Scotland.”

Regular readers possible may remember I said that the UK would adopt a quite simple straightforward position.

You’re getting fuck all!

Plan McB by Salmond and Sturgeon?

Please; there wasn’t even a credible plan A.

Time for a quote by Alex Salmond:

“My problem is that I have too many talented people and not enough Cabinet positions.”

A whole Cabinet and they can't even draw up a viabale currency plan.

Osborne then decided to take a dig at SNP Fantasy politics:

“It is all very well for the SNP to assert that’s what they would like. I think it is unlikely that it could be made to work and therefore if Scotland wants to keep the pound the best way to do that is to stay in the United Kingdom. Scotland could go on using the pound, rather like Panama uses the American dollar, but it would have absolutely no control at all over
its currency or its macroeconomic framework. There are some countries in the world that use other countries’ currencies without their consent if you like, but it’s a very, very difficult option for a country to undertake.”

Scottish Finance Secretary John Swinney said Scotland could walk away from its share of the UK’s debts if the Westminster government refuses to come to “a rational and considered agreement”.

That isn’t even a credible threat.

To offset the bad news, later today, the Scottish Government will publish the findings of its Fiscal Commission Working Group.

And it is more bad news in a lesser way for Salmond and Sturgeon; their Working Group backs the idea of a sterling currency zone, along similar lines to the eurozone.

Trouble is rather than solving the problem properly, it is a halfway house.

Alex Salmond and Nicola Sturgeon propose that a foreign country sets our interest rates, economic and fiscal policies, which can mean we have less say than we do at present, all of the problems and none of the benefits.

And we aren’t even anywhere near the European Union debacle yet which the SNP made spurious claims only to be shown up as liars!

Another day and more comes out regarding the lack of competence of Alex Salmond and Nicola Sturgeon!

Maybe someone should get them 'paper cups' so they can go begging in the streets, start small in the world of finance and then work their way up.

Patently Salmond can’t be trusted on currency, he is gambling with people’s lives, their assets, savings and mortgages!

Hardly a man for all seasons, more like a man for all curries, currency is proving too hot for him to stomach tho.

More pudding Alex?

Yours sincerely

George Laird
The Campaign for Human Rights at Glasgow University

6 comments:

Anonymous said...

SCAREMONGERING... the new buzzword of the SNP. E.U. NATO, defence, sterling etc,etc, every time... they shout scaremongers.
Just heard Swinney and Salmond on TV and Radio babbling about Sterling.
Guess what??? everything will be sweetness and light the day after the Independance vote! Greener grass, bluer sky, oil gushing from the ground, the wind blowing at a steady 25mph, angels singing and you'll be weighed down by all those pounds in your pocket, but, only if you vote yes.
And they are demanding honesty from Better Together campaign? It's their dishonesty and ridiculous assertions that will turn people away from Independance. I'm still waiting on some facts from the SNP
How stupid would you have to be, to give your main competitor the edge? No matter what the SNP do, Corporation Tax etc,etc, the UK will match them. And their is 45 million more of them than us. I agree with your previous blogs, non talented mogatrons picking up on other countries ideas. there is not an original idea among them.

Anonymous said...

A large chunk of my Sterling left the country this week. Paid to private companies as a subsidy for Windfarms, outdated old technology. The way the SNP talk about renewables you would imagine that no one else was investing money and they will be the only country to sell cheap electricity. Didn't they check out the more modern windfarms in the USA? Low, cylindrical and unobtrusive, more efficient technology is being used there. Check out the Far East, when subsidy was removed the Windfarms were abandoned. . This country will very soon be littered with rusting ugly eyesores.

Allan said...

Two things.

Firstly, the common sense position for Yes Scotland/SNp would have been to say that our currency would be the Scottish Pound, like it is now. Also that the Scottish Pound would be tacked to Sterling, like it is now. The problem is that the SNP were banking on entry to the Euro untill they realised how toxic the Euro is to the Scottish voters, hence this back of a fag packet compromise.

Secondly, Gideon Osborne has also driven a coach and horses through the SNP's propoed timetable for post Independence vote. The SNP's claim that Independence will be in March 2016 in the even of (a highly unlikely) yes vote has now been show up. Anyone could have seen that coming.

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