I very much doubt many scottish voters will pay too much attention to the economics.
Are constitutional referendums ever really about economics? Brexit certainly wasn't
Are constitutional referendums ever really about economics? Brexit certainly wasn't
1) What currecny are you using?
2) Where is your central bank?
3) What debt will you be departing with?
4) What cuts will be required when you can no longer take 32bn a year via the Barnett formula?
Just simple, fundamental things really.
Brexit for example, was a referendum on a very broad question, the specifics were worked out afterwards.
But most likely there will be a transition period, where monetary sovereignty is sacrificed in the short term, to allow central bank to be set up and votes held on various questions including some you list.
> What is it?
> We dont know yet!
Doesn't seem like a brilliant idea from where i'm sat. I think the comparison to Brexit will come up a lot, arguing for a similar process with six years of hindsight is... questionable....
A referendum whereby the nature of the thing being voted on is only explained afterwards is not democratic, it is merely an illusion of democracy.
You can't agree prior to the vote how indy will look exactly, for the very same reason.
It would be well within Westminster's powers to say "sure, draw up a costed budget first and answer the big questions, get OBR sign-off, and we're good to go!"
But at some point, if UK wants to maintain it's pretence of being a defender of sovreignty and democracy, then it will need to allow scotland to hold a second referendum on terms of it's own devising. Not westminsters.
I would agree 10 years is pushing it .
Scotland has approx 10% of the UK population, should that be used as the criteria for the separation ? Should we get 10% of the assets held by the Bank of England