Jump to content
House Price Crash Forum
fru-gal

Get Your Money Out Of Britain: Global Banks Warn Investors 'yes' Vote Would Be 'cataclysmic' For Uk Economy

Recommended Posts

Would that be due to the Scots vote,

Or the fact the UK has ~90% debt/GDP and are currently running a ~7% yearly budget deficit.

Or that the UK may vote itself out of the UK.

The UK faces large number of expensive political issues at the mo.

Made all the more problematic due to the fact that the UK is leveraged beyond its eyeballs.

All of which could have been easily been avoided.

Share this post


Link to post
Share on other sites

Downing Street might as well fly the Scottish flag and pretend to be in Scotland. They've tried every other pretence.

It's a sort of "He went thataway" ploy.

That or diplomatic immunity.

Edited by billybong

Share this post


Link to post
Share on other sites

But but but........ London's a global safe tax haven and London property is a global asset class innit. Boris Johnson says so.

Where else can your global criminals stash their stolen wealth if not in the City of London eh?

Share this post


Link to post
Share on other sites

What will happens to the City of London if Scotland votes for independence? That will be interesting. Will it get stronger or weaker? If stronger then they would be pushing for independence not trying to stop it.

Share this post


Link to post
Share on other sites

daily mail selling fear again. I guess the establishment is really rattled.

http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100028065/credit-suisse-warns-of-grave-deflationary-shock-for-scotland/

The point being its a Credit Suisse warning, not a Daily Mail one.

Share this post


Link to post
Share on other sites

Yeah but this is the same paper who was running an article on border guards too. It cherry picks to promote its fear agenda.

http://www.dailymail.co.uk/news/article-2746369/We-ll-guards-Scottish-border-Ed-Miliband-reveals-incendiary-plan-new-poll-reveals-vote-knife-edge.html

Share this post


Link to post
Share on other sites

Yeah - I don't understand this; "out of the UK" means what? Out of bonds? Out of Sterling cash? These two I can see the point. But, out of UK equities? Doesn't make any sense at all.

Share this post


Link to post
Share on other sites

But but but they've been telling us for years we ned ZIRP to keep the £ down to help the poor exporters...!!!

The banks need to retain Scotland to keep the 5m in the circle to keep bailing them out.

Share this post


Link to post
Share on other sites

Yeah - I don't understand this; "out of the UK" means what? Out of bonds? Out of Sterling cash? These two I can see the point. But, out of UK equities? Doesn't make any sense at all.

Out of UK property?

Share this post


Link to post
Share on other sites

Would that be due to the Scots vote,

Or the fact the UK has ~90% debt/GDP and are currently running a ~7% yearly budget deficit.

Or that the UK may vote itself out of the UK.

The UK faces large number of expensive political issues at the mo.

Made all the more problematic due to the fact that the UK is leveraged beyond its eyeballs.

All of which could have been easily been avoided.

The main problem is the very large debt and how that would be spilt. Of course both countries would also be running a deficit. But longer term could work out pretty good for rUK if you are to believe all the stories of how much money per person Scotland drains from the overall budget.

Share this post


Link to post
Share on other sites

The main problem is the very large debt and how that would be spilt. Of course both countries would also be running a deficit. But longer term could work out pretty good for rUK if you are to believe all the stories of how much money per person Scotland drains from the overall budget.

Would you trust those figures, they always seem to exclude large sums that don't fit with the writer's agenda. Mainly the oil money, but you also have to factor other resources like water, wind, etc.

Scotland could further complicate things once independent by running different tax regimes to the rest of the UK.

Its a complicated issue, but my rule of thumb is look at who is screaming the loudest for a NO vote and you then know who it will benefit/hurt the most.

Share this post


Link to post
Share on other sites

Would you trust those figures, they always seem to exclude large sums that don't fit with the writer's agenda. Mainly the oil money, but you also have to factor other resources like water, wind, etc.

Scotland could further complicate things once independent by running different tax regimes to the rest of the UK.

Its a complicated issue, but my rule of thumb is look at who is screaming the loudest for a NO vote and you then know who it will benefit/hurt the most.

Theyd make it easy for England to steal jock business as all jock politicians know is how to wast money and destroy economies, this taxes would rise ... not many in Scotland would be for lowering taxation.

Edited by Corruption

Share this post


Link to post
Share on other sites

Apparently a yes vote would really upset gordon brown, thats reason enough to hope for a yes for me.

Gordon Brown? How anyone could use him for anything after the disaster of a PM he was I just don't know. Perhaps he is seen as a hero in Scotland?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   224 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.