Quote Originally Posted by The AuldYin View Post
And who the **** is gonna loan money to a country that's just reneged on it's debt? The SNP threatened this in 2014 and although they very quickly withdrew the threat it was too late the damage was done. The UK believe it or not has the luxury of borrowing money relatively cheaply, a newly formed Scotland wouldn't, especially as we seem to hand over freebies like sweeties.
Freebies would end almost overnight.

Spectator magazine had very good article on how taxation rates would likely go in Scotland....income tax 26%, vat around 40- 45%..... but as trodee says what happened in Cyprus or a wealth tax is even scarier.....although I still think a wealth tax will happen in the UK anyway.

I think our std of living would drop pretty dramatically, pretty quickly.