Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Latest Breaking News
In reply to the discussion: RBS will leave Scotland if voters back independence [View all]freshwest
(53,661 posts)57. Does this mean the UK will lose the remainder of the 65B bailout?
From the link and the comments on it, only 10% of that has been paid and they say the taxpayers in the UK (since those banks are nationalized) will be stuck with the debt.
Scotland does not have a currency plan. They'll will get one, given enough time. Per the comments, separation will take a few years to work out all the details.
Still seems odd that was not taken into account, as the commentors also say that it created the climate for austerity and the source of the debt was Scotland. Whethery they mishandled things, as claimed by some at the link, or greater forces were at work, IDK.
TIA if you know, and you usually do know.
Edit history
Please sign in to view edit histories.
88 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
Well, no - BoS is a subsidiary of Lloyds, and Clydesdale said they'd do the same thing
muriel_volestrangler
Sep 2014
#46
It's complicated, but independence wouldn't mean any automatic loss
muriel_volestrangler
Sep 2014
#60
I don't know; I would have expected something like that for Lloyds and RBS
muriel_volestrangler
Sep 2014
#75
My point (and Lenomsky's, I think) is that splitting the Scottish and rUK business
muriel_volestrangler
Sep 2014
#80
Tremendous uncertainty re rights to North Sea Oil,membership in NATO/EU/UN, currency, etc.
Divernan
Sep 2014
#5
Change does bring uncertainty - a lot of it in this case. Tough to balance the fear of change
pampango
Sep 2014
#10
Good point. Norwegians have the freedom of movement, trade and work within Europe that
pampango
Sep 2014
#37
Scottish vote prompts demands for more independence for Wales, No. Ireland & England as well.
Divernan
Sep 2014
#13
Iceland didn't honor its deposit insurance (like the FDIC);cost savers and creditors billions.
Divernan
Sep 2014
#27
This is about the bank credit ratings and the need for all banks to keep reserves.
amandabeech
Sep 2014
#35
Well, imagine Texas decideds to secede. Ya think some corporations headquartered there might
Adrahil
Sep 2014
#55
I would say that stating their plans now in the event of a Yes vote is a good thing.
Nye Bevan
Sep 2014
#63