Seil Chat

    A forum for Seil, Luing and Easdale
Seil Skiff Project







It is currently Tue May 22, 2018 12:53 pm

All times are UTC [ DST ]




Post new topic Reply to topic  [ 4 posts ] 
Author Message
PostPosted: Wed Feb 12, 2014 10:30 am 
Offline
Site Admin
User avatar

Joined: Mon Dec 15, 2003 10:18 pm
Posts: 2541
Location: Cloud Cuckoo Land (or so I'm told by some)
.
Chancellor George Osborne will be in Edinburgh today to underline the UK government’s opposition to a currency union between the rest of the UK and an independent Scotland, as MPs prepare to press the government to reject it outright.

I await the speech with interest, but I suspect that it will just be more of the 'almost certainly, nearly definitely' stuff we have heard so many times before.

If, however, Osbourne DOES formally rule out a currency union then that's the last big gun discharged in plenty of time for plan B to swing into action - almost certainly a Scots pound pegged initially to sterling, an option that many supporters of independence will be more comfortable with.

_________________
NickB
(site admin)


Top
 Profile  
Reply with quote  
PostPosted: Wed Feb 12, 2014 9:00 pm 
You can't call it Plan B

Plan A was the Euro
Plan B was the UK Pound
You're now on Plan C ......or is it D or E?

It's a farce. Always was an expensive wasteful farce.


Top
  
Reply with quote  
PostPosted: Wed Feb 12, 2014 9:34 pm 
Sorry, I forgot who I am.

You can't call it Plan B

Plan A was the Euro
Plan B was the UK Pound
You're now on Plan C ......or is it D or E?

It's a farce. Always was an expensive wasteful farce


Top
  
Reply with quote  
PostPosted: Wed Feb 12, 2014 9:38 pm 
Offline
Site Admin
User avatar

Joined: Mon Dec 15, 2003 10:18 pm
Posts: 2541
Location: Cloud Cuckoo Land (or so I'm told by some)
.
Ladbrokes - while not offering last week's odds - still seem to think that sterling would be the currency of an independent Scotland.

Image

There’s no catch. Bets are void if there’s a No vote. But the bookie has still installed Sterling as a hot odds-on favourite to be an independent Scotland’s money in 2017, with a new Scottish currency well out at 3/1 and the Euro a frankly rather stingy 10/1, given that it’s basically impossible.

And you’d think that with every potential 2015 UK Chancellor apparently set to say that a currency union is unequivocally out of the question, Sterling would be the rank outsider. Unless, that is, for some reason Ladbrokes – which like all bookmakers is somewhat reluctant to give away cash – doesn’t believe them.

_________________
NickB
(site admin)


Top
 Profile  
Reply with quote  
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 4 posts ] 

All times are UTC [ DST ]


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Jump to:  
cron
Powered by phpBB® Forum Software © phpBB Group