llamatron Posted April 24, 2013 Share Posted April 24, 2013 We don't have to give them permission and if they don't take our money they wont take the debt. If they want to leave, we are pretty powerless to stop them. They don't HAVE to agree to anything. see my edited post, they do have to agree on many things, they are not a seperate country they are part of ours and they own part of the debt. They are also presumably not stupid enough to try and leave without agreement-we still share a border. why doesn't sheffield leave the uk? Link to comment Share on other sites More sharing options...
truman Posted April 24, 2013 Share Posted April 24, 2013 What about Fitch, Moody's and S&P? That's the credit checking I meant... ---------- Post added 24-04-2013 at 15:15 ---------- We don't have to give them permission and if they don't take our money they wont take the debt. If they want to leave, we are pretty powerless to stop them. They don't HAVE to agree to anything. Why doesn't England leave the UK then...we'd be quids in.. Link to comment Share on other sites More sharing options...
WeX Posted April 24, 2013 Share Posted April 24, 2013 Why doesn't England leave the UK then...we'd be quids in.. Because the financial arm of the UK government is the Bank of England and its they who issue the bonds for the government. ---------- Post added 24-04-2013 at 16:05 ---------- see my edited post, they do have to agree on many things, they are not a seperate country they are part of ours and they own part of the debt. They are also presumably not stupid enough to try and leave without agreement-we still share a border. why doesn't sheffield leave the uk? Scotland is a country "technically", just not a sovereign nation, that is the UK. Sheffield is just a city within England. Link to comment Share on other sites More sharing options...
andygardener Posted April 24, 2013 Share Posted April 24, 2013 We don't have to give them permission and if they don't take our money they wont take the debt. If they want to leave, we are pretty powerless to stop them. They don't HAVE to agree to anything. The currency they use has got nothing to do with their share of the national debt. That would be subject to negotiation between the two governments. They could technically walk away from the debt without negotiation, but if they did so then every asset in Scotland owned by the UK government would remain owned by the UK government. They've have to rent every public building from us or build their own from scratch. If they want their share of UK infrastructure then they will have to take their share of the debt used to provide it. Which is all hypothetical as they will almost certainly vote to remain British when it comes down to it. Link to comment Share on other sites More sharing options...
Onlywayis S6 Posted April 24, 2013 Share Posted April 24, 2013 What would Scottish independence mean for the Monarchy, isn't there royal residencies in Scotland? Link to comment Share on other sites More sharing options...
andygardener Posted April 24, 2013 Share Posted April 24, 2013 What would Scottish independence mean for the Monarchy, isn't there royal residencies in Scotland? As I understand it the SNP don't plan to abolish the monarchy so the Queen would be Queen of Scotland, as she is of Canada, Australia, NZ etc. Either way the property would remain the property of the crown. Link to comment Share on other sites More sharing options...
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