The Mudcat Café TM
Thread #155459   Message #3658384
Posted By: Ed T
08-Sep-14 - 08:10 AM
Thread Name: BS: scottish independence
Subject: RE: BS: scottish independence
If Scotish citizens were to vote to separate, how would its citizens share the UK government debt (£1,377 billion in 2013)? How, and when, would this be determined and paid (or transferred)?

Has the potential new interim governing body (or the "yes, lets separate" proponents) put forward a strategy to deal with the potential economic impact of starting a new government and economy - while starting out with a debt and likely significant deficit?

While I realize personal debt is different from government debt. However, there are some similarities.