Friday, 22 August 2014

The real Scottish Question

The recently released (22 July 2014) Public Sector Finances figures from the ONS show that the UK’s Public Sector Net Debt is now £1,304.6 billion. Divide that by the number of adults in the UK and we each owe £25,833.

Messrs Cameron, Clegg and Miliband have announced that, should Scotland vote for independence on 18 September, the Scots can’t have the pound. The Bank of England has said that it will honour the whole UK debt.

If the Scots can't have the pound, then they are not responsible for the debt. That will pile another £2,400 of national debt onto each voter in the rUK.

The real Scottish Question is; do the voters of England want £2,400 more debt?

We should agree a shared currency and a shared debt.

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