Very interesting list you have there. I think the North Sea oil and gas is the most troubling. I doubt if the rest of the UK can afford to let a single barrel go.BritDownUnder wrote:If I were a Scotsman I would probably vote Yes. The UK is facing a whole raft of problems, social, economic, financial, cultural, ethnic etc. If I were a Scot then I would be happy to face the unknowns of independence and have fewer of the above problems.
It looks like the Scottish energy could be supplied by renewables a lot easier than the rest of the UK could with its higher population density. I am not sure how Scotland could manage foodwise as the usable agricultural land could be minimal.
I note that there is a "Western HVDC Link" being constructed to supply the rest of the UK with renewable energy from Scotland so that should be good for their economy.
From what I can see the main issues for an independent Scotland would be the following...
- inability to raise financing in international markets especially if it does not share the UK national debt
- newly independent government going on a spending bender with money it does not have
- declining (but still significant) North Sea Oil reserves and revenues.
- problems getting membership of the EU. They will probably get stiffed and be forced to pay a membership fee. i.e. be a net positive contributor to the EU funding.
- apportionment of the UK national debt.
- racism towards non-Scottish 'minorities'
- reliance of imported food
- how to raise taxes and maintain generous welfare system
So in short I say to the Scots. Take a leap of faith and do it.
A truly independent Scotland would have troubles aplenty but I would not bet against them with or without the North Sea oil.