Friday, 13 January 2012

George Osborne: a UK Chancellor damaging Scotland's reputation

George Osborne is doing a marvellous job for the Yes campaign. In one breath he says uncertainty over the constitution is harming investment (no evidence provided), in the next he is saying Scotland would be worse off if independent. Aren't you creating a self-fulfilling prophesy there George, effectively creating uncertainty by telling investors that Scotland could be struggling in 3 or 4 years time? What damage will that do to investor confidence? Rather reminds of me of his French counterpart who recently, to howls of protest from the UK government, highlighted the UK's massive debt and called for it to be downgraded ahead of France. Extraordinary though his attack was, at least he was speaking about a foreign country, rather than part of his own.

Contrast Osborne's damaging remarks with Alex Salmond's recent trips trying to drum up business for Scotland in China and the Middle East. Perhaps the Chancellor needs reminding that Scotland is still part of his responsibility, right up to the point of independence. Instead Scotland (for his attack was on Scotland, not just the SNP) is already on "the other team" to Osborne. How quickly, easily and smoothly the mask of ruling the UK in the interests of the entire UK has slipped.

And suddenly rumours are swirling that rUK would stop Scotland using the Pound after independence. Quite how they would do this I'm not sure. Similarly, Scottish bank notes would no longer be accepted south of the border. I guess that's the end of any pretence of common sense from the Treasury then. All that cross-border traffic, English people hurriedly trying to get rid of their last Scottish notes before heading back south. Madness.

All of this only serves to show the truth: Sterling is the English currency, even after 300+ years of union, and as long as we behave and do what George and Dave tell us they will let us keep using it. Just like they let us keep using their embassies, their military, their membership of the EU, their treaties negotiated with other countries, etc., etc. What a fine recipe for a happy and contented Scottish population within the UK that is! Dangerous tactics in my opinion. Even if they do help them to win the referendum, it will be a victory achieved by fear and intimidation, a victory that will only serve to breed resentment north of the border. Hardly a harbinger of goodwill and peaceful co-existence in the grievously wounded Union that would follow. We still await the positive case for the Union...

3 comments:

tris said...

Yep, summed up nicely.

I was always wondering why the Bank of Britain is in fact called the bank of England. Now I know.

It is the Bank of England, and the rest of us....pfffff whatever.

forfar-loon said...

Thanks tris. The last week of posturing from Cameron and Osborne might come back to haunt them. These are the political geniuses, remember, that couldn't get a UK majority against one of the least popular PMs in history who had just led us into an economic cataclysm. Perhaps they are not the formidablle tacticians that the more excitable pundits would have us believe.

tris said...

... LOL Loon, Maybe, maybe...

Ha ha ha ha... couple of complete amateurs if ever I saw them.