Wings Over Scotland

It’s been hard to miss the constant shrieking from Unionists in recent days (and indeed, weeks and months) about the consequences of an independent Scotland telling the rUK where to shove its debt in the event of a non-cooperative approach to negotiations. The words “renege” and “default” are repeated constantly, sometimes dozens of times in a single interview, alongside dire warnings that international markets would regard Scotland as some sort of pariah state.

This is of course utter bumguts – to use the proper financial jargon – on about half a dozen levels. An independent Scotland would in such circumstances have no debt, a budget surplus (because our current deficit is entirely down to UK debt repayments – without those Scotland would be in the black BEFORE it even factored in savings from different policy choices, like the £800m a year on defence), and a vast reserve of tangible resources, most notably oil, as security.

The rUK, by comparison, would have a debt of £1,500,000,000,000 and a huge budget deficit. If you were going to lend someone money, would you choose the guy living within his means with plenty of assets, or the guy who already owes his entire annual salary and is still spending more than he earns?

Nevertheless, we were still intrigued to see the comments of Sir Nicholas Macpherson, Permanent Secretary to HM Treasury, in his published advice to the Chancellor today, because we like it when people who aren’t on our side agree with us.

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The most significant message of George Osborne’s much-trailed speech in Edinburgh today wasn’t actually in the speech at all. The text itself was drivel, founded largely on arguments discredited literally years ago – chiefly that an independent Scotland would have to bear all the costs were one of its banks to go bust again.

(Yes, the same banks we’re told would in fact have relocated to England. Sigh.)

When he finally got down to the brass tacks, even his actual threat – that he would be “unable to recommend” a currency union in the event of Scottish independence, and that therefore “it is not going to happen” – was essentially completely meaningless. It was nothing more than politicking, a threat which could and would be easily reversed in the event of an actual Yes vote.

The real menace behind the speech lay elsewhere.

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It would do our blood pressure no good at all to analyse in detail the extraordinary parade of dishonesty and naked bias that made up last night’s edition of Newsnight Scotland (RIP pending). Instead, we’ll just show you these two super-short clips of one of the show’s “expert” guest analysts, former Labour spin doctor John McTernan.

Here he is last night:

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We dropped our contact at Ladbrokes an innocent line last night enquiring why we could no longer find the bet they were offering just a fortnight ago with odds of 50/1 on an independent Scotland NOT using Sterling. Hey, it was worth a try.

They emailed back saying that the bet had been suspended due to the BBC/Guardian news story, but later this morning it resurfaced with new odds.

Click to enlarge if you can’t make it out. That’s curious, isn’t it?

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The Guardian, 27 January 2014:

“Yes Scotland sheds more senior staff as funding doubts reemerge.

The five executive directors hired to run the official independence campaign have all now gone, adding to questions about its direction and spending power”

The Herald, 26 January 2014:

“Yes Scotland last night denied it was in meltdown after losing the last two members of its self-styled “top team” of directors. The pro-Union Better Together movement claimed Yes Scotland was ‘in crisis’. The changes come amid persistent rumours – always denied – that Yes Scotland is suffering from financial problems.”

Sounds like Yes Scotland is pretty strapped for cash, right?

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We’re still trying to get our heads around the most recent developments (that haven’t actually developed yet) in the independence debate. For a No campaign that’s been based almost entirely – and at least partly effectively – on endless scaremongering about “uncertainty”, the defenders of the Union suddenly seem to be going out of their way to sweep it aside.

Ever since the UK government’s announcement that it would be responsible for all UK debt, it’s been clear that Westminster simply couldn’t continue to resist the pressure from business to put an end to at least some of the doubt that the government itself had created. But we’re still bemused about the timing of the apparent intervention George Osborne will apparently make tomorrow.

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Anas Sarwar in the Sunday Post, 9 February 2014:

“Labour won’t look to switch powers over inheritance or corporation tax.

We do not want a race to the bottom on corporation tax where big business benefits and the workers on the shopfloor don’t. That might be nationalist politics, Conservative politics, not ours.”

Oh, Anas. Cutting corporation tax isn’t Labour politics? Are you sure about that?

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As David Cameron came out of the closet this week to proclaim his great love for Scotland (a love most commonly demonstrated by forcing policies on it that its people despise and its elected representatives vote overwhelmingly against), we found ourselves pondering what could have provoked such a drastic step.

After all, it’s hardly a revelation that Etonian English Tory Prime Ministers are not necessarily a demographic Scots are inclined to hear sympathetically. As noted by the esteemed Lallands Peat Worrier earlier this week, until now the operation of the “Better Together” campaign has been clear – Tory money paying for Labour activists, because the latter are a lot more likely to command the hearts of those (mainly the working-class poor) on whose vote the referendum hinges.

So why has Cameron thrown all that away to take a gamble?

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If nothing else about independence tempts you, surely this does?

“Sixteen per cent of Scottish voters – the equivalent of 640,000 people – say they would think about moving away if Alex Salmond achieves his dream of breaking up the United Kingdom.

Conservative voters were the most likely to say they would think about emigrating or moving to the rest of the UK.“

(It’s from last year, but we doubt they’ve changed their minds.)

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Today, the Prime Minister of the UK, who wants Scotland to stay in the UK but won’t go there and make the case for it, asked the non-Scottish citizens of the rest of the UK to tell Scots how they felt about Scottish independence.

This is what some of them said.

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We don’t entirely understand why the Times has this story as front page news, because it was covered in some detail in the Sunday Post a fortnight ago:

But we couldn’t help thinking of the last time anyone tried something similar.

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This sort of thing really shouldn’t be so startling and unusual that we feel we need to preserve it for posterity, but here’s someone on a BBC current-affairs programme giving a fair and balanced analysis of Scottish politics:

Based on the BBC’s track record this section will be missing when it goes out on the iPlayer, so we thought we better grab it while we could.

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