SD I have never won in politics in my life so I always expect the worse but most I meet in the YES campaign are saying 60/40 to YES. I hope they are right.
Ah so now you've decided to change your argument from "economics" to "international standing" whatever that means.
I feel you are wasting your time Spurf, it seems some people don't know that this referendum is not about the SNP.
I have planted a few seeds DA hopefully some will grow. There are people who read but don't comment as well. Good to see you on the Spurs board
I know that big business hates uncertainty as much as the Mkts do. Independence means uncertainty - in many things. Future credit rating, tax rises, etc. As much as I feel that these statements have been coordinated to help the No campaign, there is little doubt that moving headquarters to England would be only the first step. Of course, RBS are not going to alarm staff unnecessarily. There is no need to consider further action at this stage. I should also point out that Ireland has a business tax rate of 12.5%. Whilst their credit rating is not as good as England's, it may well be better than that of a future independent Scotland. Somebody should tell,Salmond that the the very last word any financial institution wants to hear is default. He really could not have shot himself in the foot any better over that situation.
If the Royal Bank of Scotland did decide to move do you think their Scots customers would accept that without question? I suspect RBS would pretty soon have a change of heart if a majority of it's customers decided to simply close their accounts. "The Royal Bank" would be as popular as a kick in the throat to most people.
Well the current chairman disagrees lol. And he can bang on about currency union all he likes. The Bank of England, all 3 main uk parties and the eu commissioner for finance and the euro have all said - like **** will we have currency union, do one.
The bank has more customers in the rest of the UK than in Scotland. Isn't it 10% in Scotland 90% elsewhere or similar?
If it's a NO vote then that's it, issue put to bed. They will have caused enough separation and anger in there own country and the uk won't allow another referendum for a bloody long time lol. Definitely not in five years. Maybe in another 50 lol
I was of course talking about the Scots customers, I don't see English, Irish or Welsh closing their accounts but I think the potential loss of even 5% of it's customers (50% of the Scots customers) would be matter of concern to the Shareholders.
Your logic is scots customers won't accept the bank moving and will leave it (bare in mind all the major banks seem to have said the same thing so I'm not sure where they will move), but why would the rest of the uk customers accept it staying and being more at risk with there money? Surely your own logic dictates it will have to move to avoid causing problems with a far bigger chunk of its users?
So why would people close their RBS accounts in England and Wales because it's HQ was based in Scotland? You like they, are assuming that there will be a higher cost of running a bank in Scotland. That's not a given.
Yeah it pretty much is. Uncertainty and lack of stability will cause the banks to relocate there HQs to the rest of the uk. It's what will happen if you get independence. It isn't really up for argument I don't think, it's been made clear by everyone who actually has an impact on what happens.
