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Pound Tumbles On Report Scotland May Hold Second Independence Referendum
zerohedge.com ^ | Feb 26, 2017

Posted on 02/26/2017 5:10:22 PM PST by Helicondelta

From the Sunday Times:

Nicola Sturgeon and Theresa May are heading for a showdown over who has the right to call another independence referendum and when it should be held.

As the prime minister prepares to head north to speak at the Scottish Conservative conference this week, it has emerged that the SNP government raised the issue of a second referendum at a private meeting with her administration on Wednesday.

The first minister looks set to call a vote by the Scottish parliament — following next month’s SNP conference and triggering of article 50 — to strengthen her mandate to stage a second referendum. At her party conference, Sturgeon is expected to call for Holyrood to have the right to call a referendum.

While there has been no official statement from UK officials in this late hour on Sunday, the prospect of even more politcal chaos, not to mention the sudden possibility of Scotland declaring independence has sent cable into a tailspin, with sterling plunging 70 pips in thin trade, sliding below 1.24 on the news.

(Excerpt) Read more at zerohedge.com ...


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To: Helicondelta

Seems to be driven by Brexit.
Scotland not in favor of leaving the EU, but will be taken out with Britain when Britain goes unless Scotland splits.


21 posted on 02/26/2017 6:15:55 PM PST by Palio di Siena
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To: Helicondelta
Nicola Sturgeon tonight
Nicola Sturgeon

Sturgeon booed as she hints at ANOTHER independence referendum: SNP leader uses Scottish TV debate to say she can make Miliband PM and will NEVER prop up a Cameron government

22 posted on 02/26/2017 6:20:14 PM PST by Robert DeLong
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To: Windflier; Crucial
“What does Scotland have or produce that makes them think they are better off without GB?”

Their oil reserves are partitioned in London.

23 posted on 02/26/2017 6:22:44 PM PST by Helicondelta (Deplorable)
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To: Helicondelta

Sturgeon is bluffing, she is not going to call another referendum.

As Brexit showed you should never call a referendum the result of which you are not sure of in advance and a second “No” vote would kill the idea of Scottish independence for two generations.

The Scots people certainly voted against Brexit but that does not make them keen on swapping the partner they have been with for nigh on 400 years for a mixed bag of nations that might not even exist as a coherent unit in 10 years time.

If Sturgeon were to call a referendum she would have to get a whole heap of ducks in a line first, Scotland’s debt/GDP ratio would preclude it from euro membership, there would be no guarantee that the Spanish, who are very nervous about regional independence movements, would not veto Scotland’s membership of the EU.

A hard border with England would be a logistical and economic nightmare for Scotland, meanwhile as she negotiates these elements the EU descends info further chaos and the sky does not fall in on post-Brexit Britain.

There is no doubt a lot of anger and hurt national self-consciousness among the Scots as they realise that their population of 5 million people means that they are largely an irrelevance when it comes to deciding the fate of the remaining 65 million people in the UK but these are the facts of life.

The UK is leaving the EU and for all their huffing and puffing the Scots and Northern Irish are going with them.


24 posted on 02/26/2017 6:23:02 PM PST by PotatoHeadMick
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To: Crucial

“What does Scotland have or produce”

Heroin addicts.


25 posted on 02/26/2017 6:26:30 PM PST by Jim Noble (Die Gedanken sind Frei)
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To: Helicondelta
Their oil reserves are partitioned in London.

I'm not familiar with that use of the word, 'partitioned'.

Does it mean that part of the North Sea oil reserves are recognized as belonging to Scotland, while the rest belong to England?

26 posted on 02/26/2017 6:26:45 PM PST by Windflier (Pitchforks and torches ripen on the vine. Left too long, they become black rifles.)
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To: Seaplaner
"Hmmm, what to call it? Scotlexit?"

Glas-Go
Caleavedonia

27 posted on 02/26/2017 6:31:05 PM PST by Joe 6-pack (Qui me amat, amat et canem meum.)
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To: Joe 6-pack
Glas-Go

Priceless, mis amigo!

28 posted on 02/26/2017 6:35:11 PM PST by Seaplaner (Never give in. Never give in. Never...except for convictions of honour and good sense. W. Churchill)
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To: Windflier

No, I meant that the oil revenue is partitioned in London.

If they break away, they will do fine, like Norway.


29 posted on 02/26/2017 6:39:58 PM PST by Helicondelta (Deplorable)
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To: DesScorp

The remaining parts of the UK would move drastically to the right if it could off-load all the leftists in Scotland. Scotland can do its own thing without the English, which would be the more democratic and representative step anyway (hey, if Scots love the EU, that’s their choice). Without trying to oppose the more right-leaning English all the time, even Scotland might vary its politics more and become more conservative.

If it happens, I wonder if we can’t use that to inspire the California independence movement, so we too can lurch solidly rightwards as a country...


30 posted on 02/26/2017 6:41:00 PM PST by FenwickBabbitt
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To: Crucial

Haggis


31 posted on 02/26/2017 6:53:02 PM PST by captain_dave
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To: Helicondelta

Europe can’t get different kinds of white people to like each other but they want to turn their countries into third world havens.


32 posted on 02/26/2017 7:03:49 PM PST by BestPresidentEver
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To: Helicondelta

Here it is in a nutshell.

Scotland has some oil, produces some timber, some ag products like barley and sheep and cattle. Thats about it.

The highlands do not like the English and the Lowlands would most likely break away and stay with England.

It all stems back to the 45 when they stomped the Scots. That was all well, but the dam English then went on a killing spree to end all. That and the Highland clearances really is the reason for this.

Like the Irish, the Scots NEVER forget. They are the most unruly bunch and now, they are extreme socialists for the most part-depends on the region of course.


33 posted on 02/26/2017 7:09:12 PM PST by crz
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To: Helicondelta

Scots would be wise to sit back and watch the French Elections before voting to stick with the EU.


34 posted on 02/26/2017 7:09:28 PM PST by proudpapa (Trump Pence earned it.)
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To: Helicondelta

first of all,
I think the GB Pound is headed down, whatever.
.......................

if Scotland leaves,
politics in London become
a lot more manageable for the Conservatives.


35 posted on 02/26/2017 7:45:15 PM PST by RockyTx
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To: Crucial

Haggis


36 posted on 02/26/2017 9:12:32 PM PST by spokeshave (In the Thatch Weave,..Trump's Wing Man is Truth)
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To: Helicondelta

I would think it would make it go up.


37 posted on 02/26/2017 10:14:34 PM PST by aquila48
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To: RightGeek

Wow, less than the population of metro Atlanta, where I live. But comparable.


38 posted on 02/27/2017 2:21:04 AM PST by FreedomPoster (Islam delenda est)
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To: McGavin999

You are correct. The hearts blood of Scotland and Ireland are here in the good old USA.


39 posted on 02/27/2017 2:48:01 AM PST by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Helicondelta
Scotland should go ahead and have that referendum, and they can leave, as far as I'm concerned, and take all their welfare basket cases with them.


40 posted on 02/27/2017 3:00:42 AM PST by Tolerance Sucks Rocks (Life was so much better before Hart-Cellar.)
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