Added: 9 months ago
From: STVNews
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  • @RichardElden true witch makes new labour old tories

  • david cameron cuts in scotland is not respecting scotland

  • @RichardElden Game, set and match Richard. If all you can do is wish that people get cancer and restate your false position without any facts over and over again then you have lost.

    It's clear that you know absolutely nothing about finance and know nothing about Scotland. You should work to make your own country - England - better. You should stop meddling in Scottish affairs which have nothing to do with you.

  • @RichardElden

    Fourthly; RBS is actually now mostly owned by HM Government - an institution based in London. The debts are accrued to HM Government, not Scotland. It was HM Government that took on these debts. Therefore a newly independent Scotland - just like Australia and Canada before it, would not be obliged to take on any of the debts taken on by a foreign government (in this case, the one situated in Westminster).

  • @RichardElden

    Secondly; you have simply just restated your position, despite all evidence to the contrary. You are absolutely wrong. Most of RBS's business takes (and took place) in London. Scotland - as these three professors of economics have pointed out - would only be responsible for its share of the debt.

    Thirdly; RBS was not owned by majority Scottish shareholders prior to the crash - which again makes your BP point moot.

  • @RichardElden Ignoring your vitriol about wishing anyone cancer (just so you know, I'm not an SNP member or supporter - I am a liberal who voted SNP for the first time at the last election because of the outrageous behaviour of the Liberal Democrats).

    Firstly. BP changed its name in 2001 - so one decade, not several. Secondly, the point still stands. Should the Dutch be responsible for the environmental damage of Royal Dutch Shell - a company registered in London?

  • @RichardElden That is absolutely incorrect - as I showed to you by linking you the governments OWN statistics. Scotland, in the last five years, has had a public surplus for 4 of those 5 years. The UK has a whole has had a public deficit for over the last twenty years.

    You did not respond to this point, you did not offer any statistics to back up your claim as I have done. So stop repeating this nonsense until you can prove your case (which of course you cannot, which is why you don't).

  • @RichardElden Richard - I sent you a link from UK government sources that totally dispute your claim that "England that generates all the money". You did not acknowledge it, you did not respond with figures of your own and you did not counter my point in any way. So either acknowledge it and challenge it with statistics or stop peddling this myth.

    I suspect you have read this in the Daily Mail or some other less than reputable source and are just parroting it without looking at the actual data.

  • @RichardElden So for the record then; that's three PROFESSORS of economics that disagree with you - and no, they're not all Scottish professors.

    The fact is, England is responsible for 90%+ of RBS debt and if Scotland and England were separate countries, then - as has been the case in all other bank bailouts in the recent crisis - would pay accordingly. Did you forget that the USA actually paid towards the recent bailout of RBS because of its operations there? Interesting little fact that.

  • @RichardElden Again, you write something without knowing the actual facts! Where is your source that the RBS debt is Scottish? Just because RBS has the word Scotland in it? Is that your argument? Then surely the oil spill in the Gulf of Mexico is the fault of Britain because BP has the word 'British' in its name?

    The facts: Over 90% of RBS trading took place in London in ENGLAND. England would be responsible for that debt.

    Source: bbc.co.uk/blogs/radioscotland/­2011/07/newsweek-scotland.shtm­l

  • @RichardElden Scotland contributes 9.4% of UK revenue and spends 9.3% of UK revenue ( scotland.gov.uk/Publications/2­011/06/21144516/0 ).

    In the last 5 years, apart from 09/10, Scotland has been in surplus. For the last several DECADES, the UK as a whole has been in deficit (see same source). So if we are to take a share of the debt, ours should be negligible.

    Scotland spends less than it contributes, which means some of our money is being syphoned off for projects elsewhere.

  • @RichardElden Sorry that should be public expenditure for the second revenue word - but the point is exactly the same.

    So unless you provide some sources with detailed facts to back up your claims then you are no different from any hack and quack that appears on the BBC spouting nonsense. I have provided statistics from the governments own sources - you have provided nothing. You are wrong.

    You should do what you think is best for England and stop getting involved in Scotland's affairs.

  • @RichardElden Once Scotland is no longer funding England we can get on with repairing our economy from the mess that the UK created.

  • @RichardElden times will change scotland will leave first then wales the ireland then the only thing england will have to blame will be themselfs i could see england getting kicked out the eu for the imf bailouts 900 billion geez

  • @RichardElden we should have sacked the big heads in all the banks in the news today finding has found bbc is biased towards the english lucky u huh u have control of the media . BBC will say anything to make scotland look bad even though they r lies china is yes because america flopped Nuclear is part of the past green and grasscutter is the future the scottish banks r controled by england if not scotland would have fiscal automany instead we have fiscal restrictions

  • @RichardElden this all scotlands fault is getting tire some in the news bbc r biased towards england hmm big surprise maybe bbc in scotland should be banned so no tv license david cameron also created the debt he borrowed money to build stupid leaking worthless nukes gordon brown was mostly elected by the scots but scottish banks r controled by england and so is irish and welsh and english so england is in charge so we should pay but snp say they will minority after independence

  • @RichardElden keep dreaming so the debt is yours as well its all being part of the uk

  • @RichardElden uk will need a 900 billion imf bailout

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