58% and rising

[BCram]

I think we know there is no big pot of money used to pay pensions, the tories spent it all in the 80s.

I think when the topic of debt came up, it was more relevant to say if Scotland has to take a share of it, then it gets a share of the UK assets as well. Such as gold deposits, foreign currency reserves, any UK property in Scotland such as Faslane which the UK would probably rent as they'd never want nukes anywhere near England. Plenty stuff to be worked out nearer the time

I see what you are saying it the current expenditure is way way more than any assets IMO.

[Taintedice]

I see what you are saying it the current expenditure is way way more than any assets IMO.

Gold and foreign currency reserves would total about £50bn for a per capita share, if Scotland is expected to take per capital share of debt. Not sure what current expenditure you're referring to. Would cost rUK over £200bn and at least a decade to relocate Trident so deals to be made, cheer up.

[BCram]

Gold and foreign currency reserves would total about £50bn for a per capita share, if Scotland is expected to take per capital share of debt. Not sure what current expenditure you're referring to. Would cost rUK over £200bn and at least a decade to relocate Trident so deals to be made, cheer up.

The annual budget deficit as per the Barnett formula is about £10bn so at £50bn that's 5 years and we are back to borrowing. If our share of reserves is £50bn on a per capita basis that implies that the total value of UK assets is £5trillion. Have just Googled the figure and the value seems to be £5.5trillion.