Scottish independence
Scottish independence
Out of context: Reply #124
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- chossy0
Conversely babaganush the rest of the UK can't keep the house we paid the mortgage on. You want to keep sterling fair enough but do understand we will not contribute to it's debts. We would start off with a blank balance sheet propped up by and incredible amount of oil we absolutely would not need to borrow any money. Our oil fund would swell very quickly and we would be set up quite nicely.
Norway in 24 years built up around 1trn us dollars of a n oil fund, our oil will run out in 50 + years I'm not sure why this is a burden. Especially if we didn't take on any UK debt. Scotland oil makes up 15% of it's GDP and Norways oil makes up 30% of it's GDP.