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Source: (consider it) Thread: Purgatory: Vote on Scottish Independence
Albertus
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Not really. Apparently it'd just be the brass plate that would move, not the operations or jobs.

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Jack o' the Green
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My understanding is that the Gov of the Bank of England was talking about a formal currency union. As has been said ad nauseam, there is a world of difference between a formal and informal currency union - both regarding political union, and the support given by the Bank of England in the event of another financial collapse.

I was getting very frustrated with SNP this morning when listening to Radio 4. They seem to want to have their cake and eat it - a sort of protected independence.

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seekingsister
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quote:
Originally posted by Albertus:
Not really. Apparently it'd just be the brass plate that would move, not the operations or jobs.

Logically speaking, if there are staff based in the HQ their jobs would move to London if their place of employment did as well. That means all senior executives and their support staff, and potentially other corporate functions like communications, investor relations, etc.
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Matt Black

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I think that a lot of big employers would vote with their feet in the event of a 'yes' vote; John Lewis chap was saying on the news this morning that their prices in Scotland would almost certainly go up because of the currency uncertainty and likely fluctuations.

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Sioni Sais
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quote:
Originally posted by seekingsister:
quote:
Originally posted by Albertus:
Not really. Apparently it'd just be the brass plate that would move, not the operations or jobs.

Logically speaking, if there are staff based in the HQ their jobs would move to London if their place of employment did as well. That means all senior executives and their support staff, and potentially other corporate functions like communications, investor relations, etc.
Delaware is the state of incorporation for a disproportionate number of US companies. There isn't room in that state for anything but rudimentary HQs, like the company secretary and a few clerks. There's no reason why anyone else should be located elsewhere.

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chris stiles
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quote:
Originally posted by Matt Black:
]Yes, but they're not in a currency union, are they?

but the point is that they don't have to in a currency union to do so.

The other thing people are forgetting is that the Yes camp is not necessarily tied to the policies of the SNP. There will be an election following independence, and at that point presumably the Scots can elect a government with the policies which they actually want to see.

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Matt Black

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But Salmond wants a currency union and that is the point that Carney - quite rightly - was making: you can't have full independence and have currency union. Salmond seems to think you can but the answer to that, whatever the vote this time next week, will be a big 'no'.

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quetzalcoatl
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One possible tactic for Salmond now would be to launch an attack on the banks - whose gambling debts we are all still paying - for interfering in the debate. It's probably very risky, but it could pay off, in a populist sort of way.

If I was paranoid, I would feel suspicious that yesterday there was a concerted onslaught from effing banks, Bank of England, politicians, other companies - against the yes vote, all on the same day.

It makes me wonder if the Tories have been putting the word out among their banker chums - do the dirty on independence. And of course, it may well work.

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quetzalcoatl
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quote:
Originally posted by Matt Black:
But Salmond wants a currency union and that is the point that Carney - quite rightly - was making: you can't have full independence and have currency union. Salmond seems to think you can but the answer to that, whatever the vote this time next week, will be a big 'no'.

Well, one argument is that it could wreck the economy of the rump UK not to support the pound in Scotland.

But this is high stakes poker. Salmond thinks that the Bank of England and English politicians are bluffing. But would you gamble your life savings on a pair of eights?

Project fear may well win.

I forgot to say that this is one reason that the UK helped Ireland in the economic crash; it wasn't being noble and friendly, but quite calculating - if the Irish economy had seriously crashed, it could drag UK down with it.

[ 11. September 2014, 08:57: Message edited by: quetzalcoatl ]

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Sioni Sais
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quote:
Originally posted by quetzalcoatl:
quote:
Originally posted by Matt Black:
But Salmond wants a currency union and that is the point that Carney - quite rightly - was making: you can't have full independence and have currency union. Salmond seems to think you can but the answer to that, whatever the vote this time next week, will be a big 'no'.

Well, one argument is that it could wreck the economy of the rump UK not to support the pound in Scotland.

But this is high stakes poker. Salmond thinks that the Bank of England and English politicians are bluffing. But would you gamble your life savings on a pair of eights?


There are only two players. As they are playing Brag, a pair is good and a middle pair very good indeed.

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Matt Black

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I can't see how it would work at such a high speed. The sensible thing would be to vote 'no', which is a vote for DevoMax now, the best of both worlds, and then 'do an Eire' over the next decade or so to move to full independence with these unresolved issues being sorted out in the interim.

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seekingsister
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quote:
Originally posted by Sioni Sais:
Delaware is the state of incorporation for a disproportionate number of US companies. There isn't room in that state for anything but rudimentary HQs, like the company secretary and a few clerks. There's no reason why anyone else should be located elsewhere.

RBS' CEO is based in Edinburgh. If the HQ moved to London so would he. Whoever supports him and works with him in Edinburgh would likely move as well (or at least the roles would).

I'm not saying it's thousands but realistically if the HQ of the bank moves, some staff will also move with it.

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chris stiles
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quote:
Originally posted by Matt Black:
I can't see how it would work at such a high speed. The sensible thing would be to vote 'no', which is a vote for DevoMax now

Except no wasn't equivalent to DevoMax until the last few days. The entire thing is a fiasco - who offers a referendum and then doesn't think through all the scenarios.
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Matt Black

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...and that's before you factor in the job losses that would result from the closure of the naval bases...

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seekingsister
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quote:
Originally posted by quetzalcoatl:
If I was paranoid, I would feel suspicious that yesterday there was a concerted onslaught from effing banks, Bank of England, politicians, other companies - against the yes vote, all on the same day.

The paranoia is unnecessary in this case, as the global markets spoke a few days ago when the GBP hit a 10-month low and the UK stocks started to drop. No conspiracy, just basic reality that investors (who are you and me via our pension funds etc.) don't like the uncertainty that would come with an independent Scotland when there is still no clear plan on the economic structure of that new country a week before the vote is due.
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quetzalcoatl
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quote:
Originally posted by Matt Black:
I can't see how it would work at such a high speed. The sensible thing would be to vote 'no', which is a vote for DevoMax now, the best of both worlds, and then 'do an Eire' over the next decade or so to move to full independence with these unresolved issues being sorted out in the interim.

Good point. I suspect that Salmond has this at the back of his mind - he has already won really. And yes, the Irish situation is an interesting parallel, I mean, for heaven's sake, the Irish accepted allegiance to the Crown for a period! Of course, this caused a civil war, but the Free Staters judged that it was a compromise they had to make. They didn't get a republic by immaculate conception, but a long and agonizing birth process.

And maybe Home Rule will satisfy the Scots after all.

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Albertus
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quote:
Originally posted by seekingsister:
quote:
Originally posted by Sioni Sais:
Delaware is the state of incorporation for a disproportionate number of US companies. There isn't room in that state for anything but rudimentary HQs, like the company secretary and a few clerks. There's no reason why anyone else should be located elsewhere.

RBS' CEO is based in Edinburgh. If the HQ moved to London so would he. Whoever supports him and works with him in Edinburgh would likely move as well (or at least the roles would).

I'm not saying it's thousands but realistically if the HQ of the bank moves, some staff will also move with it.

There are an awful lot of companies registered in e.g. the British Virgin Islands. Do you really think their CEOs all work there?
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Matt Black

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We're not talking about registered offices but headquarters.

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seekingsister
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quote:
Originally posted by Albertus:
There are an awful lot of companies registered in e.g. the British Virgin Islands. Do you really think their CEOs all work there?

I'm unclear as to why you wish to speak in the abstract.

Why would RBS or Standard Life move HQ to London because of political and economic uncertainty in Scotland, but leave their chief executives in Scotland? What would be the point?

Just think about it logically for a second - we are not talking about DE or BVI as tax shelters but a fundamental concern about their ongoing ability to do business in Alex Salmond's socialist paradise.

BBC is saying that there are likely to be jobs moving south of the border, regardless of what the companies are claiming publicly.

ETA: Alex Salmond is claiming he has a letter from RBS boss saying no jobs will move, but the letter actually says "It is not our intention to move operations or jobs" which for those of us who speak English means something slightly (and significantly) different.
The Guardian

[ 11. September 2014, 09:32: Message edited by: seekingsister ]

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quetzalcoatl
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quote:
Originally posted by chris stiles:
quote:
Originally posted by Matt Black:
I can't see how it would work at such a high speed. The sensible thing would be to vote 'no', which is a vote for DevoMax now

Except no wasn't equivalent to DevoMax until the last few days. The entire thing is a fiasco - who offers a referendum and then doesn't think through all the scenarios.
I don't think the London politicians dreamed that the yes vote would climb so much. It did, and they had to come up with something, hence, 'Home Rule' or whatever name it has now.

Salmond has skinned them alive already. How many of them will survive this, I mean Cameron, Miliband and Clegg?

I also wonder what impact this will have on British politics - nobody has a clue of course. May you live in interesting times!

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Albertus
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Tax, largely. The UK is becoming a shabby tax haven and this would expedite the process.

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seekingsister
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quote:
Originally posted by Matt Black:
We're not talking about registered offices but headquarters.

Exactly, the last time I checked the definition of a headquarters is where the core corporate functions including the CEO are based.

My company's registered office and HQ were in different places for many years.

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quetzalcoatl
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The idea of Salmond's socialist paradise is a joke. He has been happy to have a coalition with greens, lefts, and anybody really, but he is not a socialist! That's why the left keep warning about him hob-nobbing with Trump and Murdoch.

I imagine Salmond signing a deal for 50 golf courses along the Scottish coast. Jobs! Dollars! Rich Americans! Fuck off England!

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chris stiles
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quote:
Originally posted by seekingsister:

Why would RBS or Standard Life move HQ to London because of political and economic uncertainty in Scotland, but leave their chief executives in Scotland? What would be the point?

Just think about it logically for a second - we are not talking about DE or BVI as tax shelters but a fundamental concern about their ongoing ability to do business in Alex Salmond's socialist paradise.

[Roll Eyes] It's far more likely that the reason they are would be planning a move is so that they retain confidence that they would be bailed out by the BoE should a further crisis occur. Which isn't to say that Salmond's plans are coherent - but perhaps you should ask yourself exactly who wants 'socialism' in all of this.
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Matt Black

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It's as much an issue of perception as reality and in that regard Salmond does have something of an image problem.

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quetzalcoatl
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quote:
Originally posted by Matt Black:
It's as much an issue of perception as reality and in that regard Salmond does have something of an image problem.

Whereas of course, Cameron, Miliband and Clegg look like 3 angels of salvation. I mean, not.

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seekingsister
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quote:
Originally posted by quetzalcoatl:
The idea of Salmond's socialist paradise is a joke. He has been happy to have a coalition with greens, lefts, and anybody really, but he is not a socialist! That's why the left keep warning about him hob-nobbing with Trump and Murdoch.

I imagine Salmond signing a deal for 50 golf courses along the Scottish coast. Jobs! Dollars! Rich Americans! Fuck off England!

You're right, I should have been more specific. He wants to:

- cut taxes
- increase social welfare spending
- export oil
- work with the Green party
- use the pound
- join the EU but not the Euro (neither a given)

Have I missed anything?

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Matt Black

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quote:
Originally posted by quetzalcoatl:
quote:
Originally posted by Matt Black:
It's as much an issue of perception as reality and in that regard Salmond does have something of an image problem.

Whereas of course, Cameron, Miliband and Clegg look like 3 angels of salvation. I mean, not.
Agreed: sending any of them north of the border yesterday would have been a mistake; sending all three looks like a conspiracy to fuck up the 'no' campaign [Paranoid]

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deano
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quote:
Originally posted by Matt Black:
quote:
Originally posted by quetzalcoatl:
quote:
Originally posted by Matt Black:
It's as much an issue of perception as reality and in that regard Salmond does have something of an image problem.

Whereas of course, Cameron, Miliband and Clegg look like 3 angels of salvation. I mean, not.
Agreed: sending any of them north of the border yesterday would have been a mistake; sending all three looks like a conspiracy to fuck up the 'no' campaign [Paranoid]
Damned if they do, damned if they don't.

Of course they have to try, and be seen trying, to save the union. But after the vote, in the event of a Yes majority, they will have to do what is best for the union, not Scotland, and within the context of an England that will have very little goodwill towards Scotland.

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quetzalcoatl
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quote:
Originally posted by seekingsister:
quote:
Originally posted by quetzalcoatl:
The idea of Salmond's socialist paradise is a joke. He has been happy to have a coalition with greens, lefts, and anybody really, but he is not a socialist! That's why the left keep warning about him hob-nobbing with Trump and Murdoch.

I imagine Salmond signing a deal for 50 golf courses along the Scottish coast. Jobs! Dollars! Rich Americans! Fuck off England!

You're right, I should have been more specific. He wants to:

- cut taxes
- increase social welfare spending
- export oil
- work with the Green party
- use the pound
- join the EU but not the Euro (neither a given)

Have I missed anything?

Well, specifically, they intend to cut corporation tax, no doubt hoping to attract big business investments.

If yes wins, I expect a huge falling-out with the left, as they realize that Salmond is aiming for a business paradise in Scotland. However, plenty of people on the left already know this, so it's intriguing that they have aligned with him, temporarily, I suppose.

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quetzalcoatl
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quote:
Originally posted by Matt Black:
quote:
Originally posted by quetzalcoatl:
quote:
Originally posted by Matt Black:
It's as much an issue of perception as reality and in that regard Salmond does have something of an image problem.

Whereas of course, Cameron, Miliband and Clegg look like 3 angels of salvation. I mean, not.
Agreed: sending any of them north of the border yesterday would have been a mistake; sending all three looks like a conspiracy to fuck up the 'no' campaign [Paranoid]
Yes, it was pure farce, with Prescott as the court jester. I thought Cameron did OK, actually, although no doubt the 'effing' was a calculated ploy, you know those Scots, they're all potty-mouths.

Miliband looked as if he was doing am-dram, and I admired Clegg and Prescott for actually going in the street.

Was it Black Wednesday for Salmond? Too early to tell; I expect him to come out fighting - but he has already won.

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Sioni Sais
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quote:
Originally posted by seekingsister:


Just think about it logically for a second - we are not talking about DE or BVI as tax shelters but a fundamental concern about their ongoing ability to do business in Alex Salmond's socialist paradise.

Alex Salmond and the SNP are about a socialist as the Lib Dems pre-coalistion. Then again, if "Socialist Paradise" means "Not leaping in the air when the Square Mile/Wall St says jump" you may have a point. That fter all is whre the scaremongering comes from and I am sick of man serving the economy rather than the economy serving man.

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quetzalcoatl
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I think I was wrong to say 'Salmond has won', in the light of Paul Mason's new tweets, that in fact, devo-max has not been offered. No doubt Salmond will pounce on this, as it looks as if London is offering smoke and mirrors.

Salmond is also saying that the Treasury has been leaking sensitive market information - this might be trivia, or nuclear.

I think some of the electorate will resent the banks threatening to move - oh yes, the people with a gambling habit, whose debts we have been paying?

I mean, it could backfire, as many things are backfiring. Threats make bad politics.

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chris stiles
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quote:
Originally posted by deano:
Damned if they do, damned if they don't.

Or they could have started taking it seriously months ago, and made a positive presentation of the virtues of staying part of the union, rather than endlessly fear mongering.
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quetzalcoatl
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quote:
Originally posted by chris stiles:
quote:
Originally posted by deano:
Damned if they do, damned if they don't.

Or they could have started taking it seriously months ago, and made a positive presentation of the virtues of staying part of the union, rather than endlessly fear mongering.
I think this is the point. London basically has ignored the whole thing, no doubt reinforcing the view of many Scots that Scotland is seen as a kind of peripheral nuisance.

Then they started 'project fear' which may well backfire.

Even the banks' threats to pull out could backfire. Of course, it could also produce a shift back to no.

I am waiting to see how the yes campaign progresses now. So far, they have been very skillful - will they now be blown off course?

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Matt Black

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quote:
Originally posted by quetzalcoatl:
.

I think some of the electorate will resent the banks threatening to move - oh yes, the people with a gambling habit, whose debts we have been paying?


I think it would be economically myopic if they took that view.

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"Protestant and Reformed, according to the Tradition of the ancient Catholic Church" - + John Cosin (1594-1672)

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Tubbs

Miss Congeniality
# 440

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quote:
Originally posted by seekingsister:
quote:
Originally posted by quetzalcoatl:
The idea of Salmond's socialist paradise is a joke. He has been happy to have a coalition with greens, lefts, and anybody really, but he is not a socialist! That's why the left keep warning about him hob-nobbing with Trump and Murdoch.

I imagine Salmond signing a deal for 50 golf courses along the Scottish coast. Jobs! Dollars! Rich Americans! Fuck off England!

You're right, I should have been more specific. He wants to:

- cut taxes
- increase social welfare spending
- export oil
- work with the Green party
- use the pound
- join the EU but not the Euro (neither a given)

Have I missed anything?

Basically ...

Retain all the jobs, services and benefits they like that they get because they're part of the UK.

Get rid of all the things they don't like about being part of the UK. (Like Cameron).

Voting because you believe Scotland should be independent - fair play. Voting because you believe everything will be wonderful and there won't be any negative consquences - good luck with that!

Tubbs

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"It's better to keep your mouth shut and be thought a fool than open it up and remove all doubt" - Dennis Thatcher. My blog. Decide for yourself which I am

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quetzalcoatl
Shipmate
# 16740

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quote:
Originally posted by Matt Black:
quote:
Originally posted by quetzalcoatl:
.

I think some of the electorate will resent the banks threatening to move - oh yes, the people with a gambling habit, whose debts we have been paying?


I think it would be economically myopic if they took that view.
But these are political questions, through and through. I think the yes campaign has cleverly played on that sense that a super-rich elite in London has been controlling things, and asking us to pay their gambling debts. Well, the Scots are not the only people saying this of course.

Of course, the weak spot in this, is the currency and the question of running a deficit, which requires a large reserve, which Scotland won't have. And modern states only work by running a deficit.

So I wonder if there will be a tilt back to no, because of this.

Well, Irish independence was won through blood, sweat and tears, and decades of compromise with London; I don't how much the Scottish electorate are serious about it.

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I can't talk to you today; I talked to two people yesterday.

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Tubbs

Miss Congeniality
# 440

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quote:
Originally posted by quetzalcoatl:
I think I was wrong to say 'Salmond has won', in the light of Paul Mason's new tweets, that in fact, devo-max has not been offered. No doubt Salmond will pounce on this, as it looks as if London is offering smoke and mirrors.

Salmond is also saying that the Treasury has been leaking sensitive market information - this might be trivia, or nuclear.

I think some of the electorate will resent the banks threatening to move - oh yes, the people with a gambling habit, whose debts we have been paying?

I mean, it could backfire, as many things are backfiring. Threats make bad politics.

It's not a threat, it's a reality. It has always been a reality and is nothing to do with Westminster. Salmond's podgy fist needs to be shaken in the direction of Brussels.

Many financial institutions operating in the EU are based in one country and operate in others under Freedom of Services. Scotland isn't part of the EU so they have to move somewhere that is to continue to be able to do that. (London is the logical place, but you could have a situation where they then all bugger off back to Scotland if they enter the EU as the UK votes to leave).

RBS is in a double bind as it also needs to be HQ'ed in the country where it has most of it's customers under EU law. And that would be England. Standard Life may have to relocate for the same reason.

That's before you address the fact that Salmond's idea of currency union with an unwilling UK has been described as "madness on silts". Surely an independent country would want to be in charge of their own economic destiny?

Tubbs

[ 11. September 2014, 12:14: Message edited by: Tubbs ]

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"It's better to keep your mouth shut and be thought a fool than open it up and remove all doubt" - Dennis Thatcher. My blog. Decide for yourself which I am

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quetzalcoatl
Shipmate
# 16740

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Yeah, sure, an independent country wants to control its own economy. But this is not the immaculate conception; you have to get there first, starting from here.

There is going to be a difficult transition, that's for sure.

I think Salmond is partly gambling that the rump UK would also need Scotland, and dare not pull the drawbridge up.

Well, I think it shows how much conventional politics has failed, if a whole country are willing to go down this road. Isn't this the big shock for London politicians? They were lazily assuming, oh, let's toss the jocks a few crumbs, and carry on as normal. Oops.

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I can't talk to you today; I talked to two people yesterday.

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Tubbs

Miss Congeniality
# 440

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quote:
Originally posted by quetzalcoatl:
Yeah, sure, an independent country wants to control its own economy. But this is not the immaculate conception; you have to get there first, starting from here.

There is going to be a difficult transition, that's for sure.

I think Salmond is partly gambling that the rump UK would also need Scotland, and dare not pull the drawbridge up.

Well, I think it shows how much conventional politics has failed, if a whole country are willing to go down this road. Isn't this the big shock for London politicians? They were lazily assuming, oh, let's toss the jocks a few crumbs, and carry on as normal. Oops.

You're last paragaph is bang on the money. But, given that the SNP has been campaigning for indendence for ever and a vote was part of their election promises, putting some thought into how this might all actually work in practice might be been helpful! It reminds of the bride who puts all the thought into the big day and none into what happens afterwards.

Tubbs

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"It's better to keep your mouth shut and be thought a fool than open it up and remove all doubt" - Dennis Thatcher. My blog. Decide for yourself which I am

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quetzalcoatl
Shipmate
# 16740

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People are saying that Miliband is currently in Glasgow campaigning; credit to him, if he is actually in the streets.

But will Birnam wood now move to Dunsinane? Have the horses in their stables eaten each other? Foul is fair, and fair is foul!

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I can't talk to you today; I talked to two people yesterday.

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quetzalcoatl
Shipmate
# 16740

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quote:
Originally posted by Tubbs:
quote:
Originally posted by quetzalcoatl:
Yeah, sure, an independent country wants to control its own economy. But this is not the immaculate conception; you have to get there first, starting from here.

There is going to be a difficult transition, that's for sure.

I think Salmond is partly gambling that the rump UK would also need Scotland, and dare not pull the drawbridge up.

Well, I think it shows how much conventional politics has failed, if a whole country are willing to go down this road. Isn't this the big shock for London politicians? They were lazily assuming, oh, let's toss the jocks a few crumbs, and carry on as normal. Oops.

You're last paragaph is bang on the money. But, given that the SNP has been campaigning for indendence for ever and a vote was part of their election promises, putting some thought into how this might all actually work in practice might be been helpful! It reminds of the bride who puts all the thought into the big day and none into what happens afterwards.

Tubbs

I think this often happens. Hell, the Irish were making it up day by day, as were the Brits. They sort of fell into a Free State idea, with allegiance to the Crown, what a barmy idea to sell to Irish Republicans. As Michael Collins said, that was his death warrant, all very badly planned really!

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I can't talk to you today; I talked to two people yesterday.

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agingjb
Shipmate
# 16555

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I suspect that Scotland will get more out of the so called Devo Max after a narrow No vote than from the antagonistic negotiations after a Yes vote.

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Refraction Villanelles

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quetzalcoatl
Shipmate
# 16740

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quote:
Originally posted by agingjb:
I suspect that Scotland will get more out of the so called Devo Max after a narrow No vote than from the antagonistic negotiations after a Yes vote.

Possibly, but would you trust London to really deliver on devo-max or Home Rule, as Brown rather nostalgically called it?

But yes, overall, I would say it has been a triumph for Salmond. Nobody knows how this will effect British politics from now on; maybe not at all, or maybe the 3 political parties will be in chaos.

What did you do in the independence debate, daddy?

[ 11. September 2014, 12:49: Message edited by: quetzalcoatl ]

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I can't talk to you today; I talked to two people yesterday.

Posts: 9878 | From: UK | Registered: Oct 2011  |  IP: Logged
quetzalcoatl
Shipmate
# 16740

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BBC coming under attack now for failing to report material favourable to the yes campaign, e.g. companies reporting that they would not move jobs out of Scotland, also the Treasury release of sensitive information.

Salmond definitely on the counter-attack - but will it work?

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I can't talk to you today; I talked to two people yesterday.

Posts: 9878 | From: UK | Registered: Oct 2011  |  IP: Logged
deano
princess
# 12063

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quote:
Originally posted by quetzalcoatl:
BBC coming under attack now for failing to report material favourable to the yes campaign, e.g. companies reporting that they would not move jobs out of Scotland, also the Treasury release of sensitive information.

Salmond definitely on the counter-attack - but will it work?

Who does report good news?

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"The moral high ground is slowly being bombed to oblivion. " - Supermatelot

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Wood
The Milkman of Human Kindness
# 7

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Are we making predictions as to the result yet? Is punditry allowed?


(I reckon it'll narrowly be no, although if my Facebook feed were representative, it'd be a landslide for yes)

[ 11. September 2014, 13:31: Message edited by: Wood ]

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Narcissism.

Posts: 7842 | From: Wood Towers | Registered: Apr 2001  |  IP: Logged
Prester John
Shipmate
# 5502

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quote:
Originally posted by Sioni Sais:
quote:
Originally posted by seekingsister:
quote:
Originally posted by Albertus:
Not really. Apparently it'd just be the brass plate that would move, not the operations or jobs.

Logically speaking, if there are staff based in the HQ their jobs would move to London if their place of employment did as well. That means all senior executives and their support staff, and potentially other corporate functions like communications, investor relations, etc.
Delaware is the state of incorporation for a disproportionate number of US companies. There isn't room in that state for anything but rudimentary HQs, like the company secretary and a few clerks. There's no reason why anyone else should be located elsewhere.
I've worked for companies that were registered in Delaware but were headquartered in California. There is no need to base any staff in Delaware. Don't know what the rules are over there.
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Jonah the Whale

Ship's pet cetacean
# 1244

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Wood, here you go.
Posts: 2799 | From: Nether Regions | Registered: Aug 2001  |  IP: Logged



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