Scotland heading for a ‘Great Depression’ after a Yes vote – Telegraph

map showing the area of Scotland in relation t...

map showing the area of Scotland in relation to Great Britain and Ireland (Photo credit: Wikipedia)

This is a MUST-READ lead article in today’s Telegraph. Check it out!

Scotland heading for a ‘Great Depression’ after a Yes vote – Telegraph.

Let’s hope that the people of Scotland listen to the wider evidence, not the promises of the Scottish nationalists.

With the Governor of the Bank of England and the Chancellor of the Exchequer cancelling an  important foreign trip, the risk of a major crisis is real and immediate.

The money is already leaving the UK. The crisis can still be reversed by voting “No” to independent Scotland.

For sure, a “Yes” vote will trigger a major financial crisis on the scale of 2008 or the thirties. The problem is that Scotland’s decision will impact the rest of the UK, Europe and financial markets globally.

This blog has predicted the scale of this crisis weeks ago, well before the mainstream media.

There is still time for the people of Scotland to use their power to the benefit of all. Please, please vote “No!”

 

 

5 responses

  1. Dr Alf is right but I think that this time round the Scots will vote with their wallets despite the” Braveheart” like frenzy that some of them seem to now feel.
    They will get what Alex Salmond really wants which is DEVO MAX and the power for him and his henchpersons to spend more money from Scottish taxpayers and then be bailed out from the south by long suffering English taxpayers.
    Without Boris as Prime Minister the English taxpayer is going to be the one who takes the hit because David Cameron will not abolish the Barnett Formula easily unless he is placed under pressure to do so contrary to the promises he made before he became leader of the Conservative Party.

  2. Dr Alf,

    Thank you again for your insights.

    Exciting though it is for the Scots to think of change and independence, they need to use their heads now and realise the dangers. When I see Alex Salmond, I cannot help thinking of the Pied Piper of Hamlyn!

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