Scottish Independence – Sterling and the Bank of Last Resort – Ignore the Reckless Ranting of Desperate Unionist Politicians – This is the Definitive Position

              When Northern Rock, RBS, HBOS  and other UK banking institutions failed, the UK Government belatedly stepped in with a financial bailout. But with Scotland independent, could Scotland expect English taxpayers to stand behind a failing Scottish institution? George Osborne and his “Better Together” lot repeatedly broadcast, in theContinue reading “Scottish Independence – Sterling and the Bank of Last Resort – Ignore the Reckless Ranting of Desperate Unionist Politicians – This is the Definitive Position”

Gordon Brown Launches in Scotland

Gordon Brown Launches in Scotland His speech on pensions was meant to re-launch the Better Together campaign as a positive movement, but his contribution simply continued Better Together’s negativity and scaremongering, as well as being repetitive and lacking in credibility. The former Labour Prime Minister simply repeated claims made by former UK Government minister MichaelContinue reading “Gordon Brown Launches in Scotland”

Gordon Brown and the Labour Party – Friends Of Scottish Pensioners – Not on Your Nellie!!!!

        Gordon Brown: Sentenced Scottish pensioners to ever decreasing pensions in refusing to restore the link between the State pension and earnings.   Gordon Brown : Removed £5 billion, (recurring annually) from pension funds.   Gordon Brown: Created the obnoxious, stealth tax decimating the value of retirement funds by £100 billion.  Continue reading “Gordon Brown and the Labour Party – Friends Of Scottish Pensioners – Not on Your Nellie!!!!”

Lender of Last Resort – A Timely Reminder For the Future

    Lender of Last resort Bankers know perfectly well how the system works. When Sir Philip Hampton, chairman of RBS gave evidence to the House of Lords in November 2012, he was quite clear: “We have used many central banks as a lender of last resort for the many operations that we have inContinue reading “Lender of Last Resort – A Timely Reminder For the Future”

Carousel Banking RBS Losses

Let’s get back to 2007. At the time RBS, HBOS and others were in danger of failing, the UK Treasury finally stepped in, (after much dithering on the part of Alistair Darling et.al.) with some financial assistance. The main package of financial support, had been provided, to the Bank, (at least 3 weeks before) byContinue reading “Carousel Banking RBS Losses”

The final word – An Independent Scotland Can Retain Sterling as Its Currency If It Wishes To Do So – Official – Yet Another Westminster Scare Rebuffed

              Currency in an independent Scotland The Financial Times revealed the true extent of an independent Scotland’s riches and the Scot’s are not the, “subsidy junkies” the BBC and, “Bitter Together” campaigns would have you believe. In an independent Scotland prudent bankers will accept there are solid business reasonsContinue reading “The final word – An Independent Scotland Can Retain Sterling as Its Currency If It Wishes To Do So – Official – Yet Another Westminster Scare Rebuffed”

Commonwealth Games

Woman removed by police from Tollcross swimming venue Word going round is that the woman was, “spotted” by the BBC camera’s. The police were reminded of the Games rules and asked to remove the lady from the venue so that the BBC would be able to, “pan” the crowd freely. Police Scotland explained their heavy-handedContinue reading “Commonwealth Games”

NATO and the Nuclear Umbrella – A View

NATO and the Nuclear Umbrella – A View “One of the ironies in the whole debate about nuclear weapons in the UK is that Scotland, who have them, don’t want them, and England who don’t have them, want Scotland, who don’t want them, to keep them” George Robertson, other Unionist politicians and the, “Blether Together”Continue reading “NATO and the Nuclear Umbrella – A View”