Category Archives: yes campaign

Scotland ‘should not take on UK debt’ unless it can keep the pound says leading economist

Professor Sir James Mirrlees

Scotland ‘should not take on UK debt’ unless it can keep the pound

Yes campaign’s economist plots way ahead if Westminster refuses to share sterling

In this article by Ambrose Evans-Pritchard, in the Daily Telegraph today 25.0.14, the usual British line that the UK will continue as RUK if Scotland “leaves” is still being peddled. However if you ignore the blatant RUK nonsense then this article also illustrates why England would be bettter off independent from the near bankrupt UK too.

Here is the article:-

An independent Scotland should walk away from its share of the UK’s national debt if Westminster continues to refuse a sterling union, one of the Yes campaign’s leading economic gurus has advised.

“Britain inherits the debt,” said Sir James Mirrlees, a Nobel Prize-winning economist and a prestigious figure on Scotland’s Council of Economic Advisers.

“It is hard to see how Scotland can take on the debt unless there is a full currency union,” he told The Telegraph. “This is implied by the hard-line taken by Westminster. It is Scotland’s bargaining position.”

Crawford Beveridge, chairman of Scotland’s Fiscal Commission Working Group, warned last week that any such move would be “morally difficult” and likely deemed a “default” by credit ratings agencies.

Not even the Baltic states entirely repudiated Soviet-era debts in the early 1990s, even though the Soviet occupation of their countries was never recognised by the West. It would be hard for Scotland to invoke the “doctrine of odious debts” – where debts run up by despotic regimes can legitimately be reneged on – under international law. The Czech and Slovak republics divided the Czechoslovak debt on a pro-rata basis after their “velvet divorce”.

Sir James said Scotland could continue to use the pound as legal tender inside the country if necessary, whatever London decides. “No country has stopped its currency from being circulated in another state that I know of,” he said.

He suggested that Edinburgh could equally issue a Scottish pound that is pegged to sterling and backed by a currency board along the lines of Hong Kong’s model. But, in his opinion, neither option, if forced upon Scotland, would entail any obligation to take on UK debt.

Sir James said this clash can be avoided. He believes the common sense option for all involved is to agree on a co-operative union. The British themselves would enjoy a “non trivial” benefit from being able to use their own coin in Scotland. “The easiest transition would be to keep using sterling for five to 10 years,” he said.

All three parties in Westminster say they will oppose a currency union after independence, insisting that the eurozone crisis has revealed the perils of trying to share a currency with separate fiscal policies. Sir James played a central role in First Minister Alex Salmond’s Fiscal Commission earlier this year in drafting plans for a future currency. A former Cambridge professor, he is now professor-at-large at the Chinese University of Hong Kong.

He said the eurozone currency experiment has gone badly wrong – and has previously called for the weaker Club Med countries to withdraw – but insists that a UK-Scottish currency union would be a different animal. “The risks have been greatly exaggerated,” he said, speaking at the Nobel laureates’ gathering in Lindau, Germany.

Sir James said the English and Scottish economies are closely interwoven, like Germany and The Netherlands. There is little danger of an “asymmetric shock” for Scotland alone, though he acknowledged that declining oil revenues are a “little worrying” and might force fiscal cuts. However, he appeared to suggest that this would be outweighed by the benefits of eliminating the entire public debt, freeing up interest payments.

The National Institute of Economic and Social Research estimates Scotland’s share of the debt to be £143bn. The UK authorities have announced that they would stand behind these liabilities in order to reassure markets – and will even stand behind RBS and Scottish-based banks temporarily – but this is intended to be a holding action, not a settlement.

Debt repudiation would cause the UK’s gross debt ratio to jump by seven points to 98pc of GDP on the Eurostat gauge. Critics say it would be an inglorious way for Scotland to begin its life as a sovereign nation, poisoning relations with its chief economic partner.

Use of sterling in the face of British opposition would leave Scotland without a lender-of-last resort in a crisis. Sir James said this is manageable if bank support is restricted to high street operations, excluding the global arm of banks such as RBS.

Sir James has equally radical views on taxation, though they are not specifically aimed at Scotland. He proposes “negative taxation” or subsidies for the West’s poorest workers to shield them from low-wage competition from Asia. He also endorses a top marginal tax rate of 100pc for “very high incomes” on the grounds that some people will continue to work regardless, specifically citing tennis players. This may come as a surprise to Scottish tennis star Andy Murray.
Click here for a link to the original article>>> http://www.telegraph.co.uk/finance/economics/11054359/Scotland-should-not-take-on-UK-debt-unless-it-can-keep-the-pound.html

Below is what Wikipedia says about the Professor. Who do you believe – him or Ambrose from the Telegraph?

Sir James Alexander Mirrlees FRSE FBA (born 5 July 1936) is a Scottish economist and winner of the 1996 Nobel Memorial Prize in Economic Sciences. He was knighted in 1998.

Born in Minnigaff, Kirkcudbrightshire, Mirrlees was educated at the University of Edinburgh (MA in Mathematics and Natural Philosophy in 1957) and Trinity College, Cambridge (Mathematical Tripos and PhD in 1964 with thesis title Optimum planning for a dynamic economy), where he was a very active student debater. One contemporary, Quentin Skinner, has suggested that Mirrlees was a member of the Cambridge Apostles along with fellow Nobel Laureate Amartya Sen during this period. Between 1968 and 1976, Mirrlees was a visiting professor at MIT three times. He taught at both Oxford University (1969–1995) and University of Cambridge (1963– and 1995–).

During his time at Oxford, he published papers on economic models for which he would eventually be awarded his Nobel Prize. They centred on situations in which economic information is asymmetrical or incomplete, determining the extent to which they should affect the optimal rate of saving in an economy. Among other results, they demonstrated the principles of “moral hazard” and “optimal income taxation” discussed in the books of William Vickrey. The methodology has since become the standard in the field.

Mirrlees and Vickrey shared the 1996 Nobel Prize for Economics “for their fundamental contributions to the economic theory of incentives under asymmetric information”.

Mirrlees is also co-creator, with MIT Professor Peter A. Diamond of the Diamond-Mirrlees Efficiency Theorem, developed in 1971.

Mirrlees is emeritus Professor of Political Economy at the University of Cambridge, and Fellow of Trinity College, Cambridge. He spends several months a year at the University of Melbourne, Australia. He is currently the Distinguished Professor-at-Large of The Chinese University of Hong Kong as well as University of Macau. In 2009, he was appointed Founding Master of the Morningside College of The Chinese University of Hong Kong.

Mirrlees is a member of Scotland’s Council of Economic Advisers. He also led the The Mirrlees Review, a review of the UK tax system by the Institute for Fiscal Studies.

His students have included eminent academics and policy makers Sir Partha Dasgupta, Professor Huw Dixon, Lord Nicholas Stern, Professor Anthony Venables, and Sir John Vickers.

The Scot’s poll can give hope to English patriots

The Scot’s poll can give hope to English patriots


I read with interest recently an article by Irvine Welsh, a Scottish author and socialist. The article published in the Evening Standard and was entitled “Scots poll can give hope to the Left across Britain. That issue is more than independence – this is about the journey of modernisation of these island’s political systems”

It seems to me that much of what Irvine Welsh says could be adapted for England, with a new title as above “The Scot’s poll can give hope to English patriots”. The article starts as follows:-

“Something strange and beautiful is happening in Scotland. The country is re-inventing itself from the inside out. People are talking about their futures as if they actually have them. It is that exhilarating, intoxicating, occasionally exasperating phenomena at work: welcome back participatory democracy. How these islands have missed you! To recap what’s happened in your absence: Everything has been set up in favour of a small, trans-national global elite. Most citizens are being or have already been reduced to the level of poorly paid, debt ridden servitude. Yes, many are still unemployed, but many more are underemployed, over-employed and set to work on barely liveable wages.

Within this context, looking at traditional indices of economic prosperity like unemployment rates, inflation, GNP is severely limited, as those don’t account for the reality of the past 35 years. The growing penury and financial instability suffered by everybody outside of society’s elites is the true political narrative of our times. It needs to be addressed locally and globally. This hasn’t happened in the UK. The main political parties remain complicit in the transfer of resources from our citizens to the super rich elite, under the advocacy of a private media, and through the constant lobbying of elected representatives. The “pragmatism” touted by politicians is one that solely addresses how to manage this movement of resources to the wealthy, to the constant reward of their corporate emissaries.

As a nation state the United Kingdom was an imperialist construct, and to this day it retains these undemocratic trappings: a hereditary principle, an un-elected second chamber, no written constitution and a ruling elite drawn from a narrow, privately educated strata of society …”

Irvine Welsh carries on in this way which many English nationalists would recognise as being equally true of England. Below is the whole article. I have inserted my comments in brackets.

Something strange and beautiful is happening in Scotland. The country is reinventing itself from the inside out. People are talking about their futures as if they actually have them. It’s that exhilarating, intoxicating and occasionally exasperating phenomenon at work: welcome back participatory democracy. How these islands have missed you.

To recap what’s happened in your absence: everything has been set up in favour of a small, transnational global elite. Most citizens are being or have already been reduced to the level of poorly paid, debt-ridden servitude. Yes, many are still unemployed, but many more are underemployed, overemployed and set to work on barely liveable wages.


Within this context, looking at traditional indices of economic prosperity like unemployment rates, inflation, GNP is severely limited, as those don’t account for the reality of the past 35 years. The growing penury and financial instability suffered by everyone outside of society’s elites is the true political narrative of our times. It needs to be addressed locally and globally.


This hasn’t happened in the UK. The main political parties remain complicit in the transfer of resources from our citizens to this super-rich elite, under the advocacy of a private media, and through the constant lobbying of elected representatives. The “pragmatism” touted by politicians is one that solely addresses how to manage this movement of resources to the wealthy, through the constant rewarding of their corporate emissaries.


As a nation state the United Kingdom was an imperialist construct, and to this day it retains these undemocratic trappings: a hereditary principle, an unelected second chamber, no written constitution and a ruling elite drawn from a narrow, privately educated strata of society.


In Scotland, voters have traditionally sent a block of Labour MPs to Westminster to represent them. Labour originated in Scotland as the party of Keir Hardie and had a strong home rule ethos.
(Kier Hardie first made his name and came to prominence as a campaigner against mass immigration into his area of Scotland. In his day the mass immigration in question was of unskilled and semi-skilled Irish workers. He led a noisy campaign against importation of Irish workers which was reducing the wages paid to Scotland’s). 

 As it grew from a party of protest to one of power, Labour changed its view: the best way to govern was to send representatives down to London. Thus a career structure emerged, whereby “ambitious” politicians could move from local council to a safe Labour seat, then perhaps become a minister. When the party lurched to the Right in the Eighties, it was usurped on the “Left” by the SNP, a bourgeois nationalist party which had taken on social-democratic trappings.

Since then we’ve seen the rapid de-industrialisation of Britain, the sale of national assets, the dismantling of the welfare state, the squandering of oil revenues on dole payments and bread-and-circus foreign wars, and the steady erosion of the democratic, participatory spirit in politics.


Politicians changed. They were less likely to have trade union, industry or even professional backgrounds, more inclined to be career politicians, and people are now more alienated from them than ever. These changes took place under both Labour and Conservative governments.


Now Scotland, through the independence debate, is leading the way in the reassertion of the democratic ethos. The actual result of the referendum in September, while massively important, is less significant than the fact that this process has gained such traction.

Whether Scotland votes Yes or No, its people have got used to having a say in how their lives are run, outside of the self-interested and morally bankrupt party system. The drive for more of the same will continue. (The same could happen in England if we were successful in getting our independence referendum, or may be even if the Scots vote ‘YES’ and England is thereby reborn as an independent State following the dissolution of the UK.)

English protest politics have been of the Right in recent years: “Eurosceptic” Conservatives, Ukip, the BNP and EDL. But without the distraction of Scotland, England will have to look seriously at what it is and what it aspires to be. I would expect that narrative to change and the country to shake off its weary attachment to the cabal of centre-Right/Right-wing parties and their tired platitudes. Rather than enabling its political progression, Scotland holds England back by sending it more lobby-fodder careerists invested in zero substantive change.
(England’s political traditions and culture are different from Scotland’s and I would think in any case the way which our politics will develop post-independence is likely to be very different to Scotland’s. I would not necessarily expect, as someone as steeped in the Scottish political culture as Mr Irvine is, to be fully aware of the difference or necessarily the different circumstances which brought it about.)


The Yes campaign’s biggest strengths are its vigorous grass-roots support, mainly from people who have felt disenfranchised by party politics. They are bolstered by the activities of the No campaign, with its unappetising coalition of the elite, the self-interested and the perennially servile, with the honourable but misguided exception of those who still believe, in spite of all evidence to the contrary, that the British state can deliver social progress and economic justice.


The No campaign’s main asset is people’s intrinsic fear of change. The anti-independence campaign is, in tone and substantive argument, the same as any other throughout history. It seeks to make administrative procedural arrangements of varying awkwardness into compelling reasons for maintaining the status quo. The same arguments, citing different processes, were used in America, Africa and Ireland (and practically every independent nation in the world) with the same dire consequences predicted if they were ignored. Of course they were, and yes, life went on much the same as ever.


It isn’t in the nature of any state to want to cede territory but it begs the broader question: why is the British Establishment so desperate to keep Scotland? Well, if there’s a Yes vote, north of the border instantly gets rid of the hereditary second chamber, the City of London and Britain’s public-school elites, all those forces superfluous to good government but expensively grandfathered into our current system. There will also be a proper constitution drawn up, conferring citizen rights and designating responsibilities. It’s inevitable that people in England will then look north and think: “I fancy a bit of that.”


So Scottish independence is about a lot more than self-determination for that country: it is about the genuine modernisation of these islands’ political systems, conducted through the restitution of participative democracy. I don’t know whether September will offer up a vote of hope or fear. But I am convinced that those who pushed themselves to the forefront of the debate on their futures are unlikely to cede that power back to the elites, as represented by the Camerons, Cleggs and Milibands of this world. And that might be contagious.

(Here is the link to the original>>> http://www.standard.co.uk/comment/irvine-welsh-the-scots-poll-can-give-hope-to-the-left-across-britain-9559111.html

SUPPORT THE SCOTTISH “YES” VOTE – FOR ENGLAND’S SAKE!


HERE’S OUR PRESS RELEASE:-

THE ENGLISH DEMOCRATS REGISTER TO SUPPORT SCOTTISH “YES” VOTE

With there now being less than 100 days to go to the Scottish Referendum on the dissolution of the United Kingdom, the English Democrats have registered with the Electoral Commission to participate in the Scottish Referendum campaign to campaign for a “YES” vote.

A “YES” vote on the 18th September is the easiest way for Nationalists to achieve a dissolution of the United Kingdom, which since the end of the era great power politics, has been a persistent drag on the English Nation. The United Kingdom State is expensive, incompetently authoritarian and vain-gloriously addicted to its great power status whilst draining the wealth of England with its vanity projects, its international interventionalism and its failure to focus on the best interests of the English Nation.

Robin Tilbrook, Chairman of the English Democrats said:- “I am delighted that the English Democrats have registered to help the “YES” campaign succeed in the coming referendum in Scotland. It is well worth us getting involved in supporting such an opportunity for the re-emergence of an independent Kingdom of England following the repeal of the Act of Union 1707.”

Robin added:- “For the mathematically minded I would put the UK’s dissolution as a formula:- E + S = GB ergo GB – S = E.”

Robin Tilbrook
Chairman,
The English Democrats
Blog: http://robintilbrook.blogspot.co.uk/
FaceBook Profile: http://www.facebook.com/robin.tilbrook
Party Tel: 0207 242 1066
Twitter: @RobinTilbrook
Party Website: www.englishdemocrats.org
English Democrats’ FB Page: http://www.facebook.com/robin.tilbrook#!/www.EngDem.org
Chairman’s FB
Page: http://www.facebook.com/robin.tilbrook#!/Robin.Tilbrook.English.Democrats

Key facts about the English Democrats

The English Democrats launched in 2002.
The English Democrats are the English nationalist Party. We campaign for a referendum for Independence for England; for St George’s Day to be England’s National holiday; for Jerusalem to be England’s National Anthem; to leave the EU; for an end to mass immigration; for the Cross of St George to be flown on all public buildings in England; and we support a YES vote for Scottish Independence.

The English Democrats are England’s answer to the Scottish National Party and Plaid Cymru. The English Democrats’ greatest electoral successes to date include:- in the 2004 EU election we had 130,056 votes; winning the Directly Elected Executive Mayoralty of Doncaster Metropolitan Borough Council in 2009 and also the 2012 referendum; in the 2009 EU election we gained 279,801 votes after a total EU campaign spend of less than £25,000; we won the 2012 referendum which gave Salford City an Elected Mayor; in 2012 we also saved all our deposits in the Police Commissioner elections and came second in South Yorkshire; and in the 2014 EU election we had 126,024 votes for a total campaign spend of about £30,000 (giving the English Democrats by far the most cost efficient electoral result of any serious Party in the UK).

ENGLAND says YES to Scottish Independence!

ENGLAND says YES to Scottish Independence!

Here is the text of our press release:-

The 30th May saw the start of the Scottish Referendum in earnest.

The English Democrats, England’s only nationalist Party, supports the YES campaign for Scotland to vote for Independence.

Constitutionally – A YES vote will lead to the dissolution of the United Kingdom of Great Britain this will therefore lead to Independence for England – Good news for English Nationalists!

EU – Both Scotland and England will be New or “Successor” states in International Law and so, as Senor Barroso recently confirmed, they will both be automatically outside the EU – Good news for Eurosceptics!

Barnett Formula – The House of Lords reported in 2009 that the subsidy from English Taxpayers to Scotland, Wales and Northern Ireland was £49 billion per year. This will cease with the Dissolution of the UK – Good news for English Taxpayers!

UK Debt – The British Government is one of the most profligate and spendthrift institutions on earth and has run up debts of well over £1 trillion and is still increasing even that stupendous figure by over £100 billion a year in “deficit”. This £1 billion per week (52 billion a year) is now bleeding England white. Dissolution of the UK means that financially our New Nation States will not be required to take on the British Government’s debts – Good news for our grandchildren!

UN Security Council – The Dissolution of the UK will mean that our New Nation States will not automatically have the British position on the UN Security Council and so our politicians won’t be so easily diverted from doing their duty to look after the interests of our Nation and People by the glittering prospects of strutting about “punching above our weight on the world stage” – which has cost us over £29 billion in our strategic failures in Iran and Afghanistan. Good news for all who long for us to mind our own business and to look after England’s interests! (the real “Little Englanders”?)

Robin Tilbrook, the Chairman of the English Democrats said:- “Scottish Independence offers a terrific opportunity not only for Scotland but also for England to Reboot or Restore good sense and good order for our Nation and to wipe away the terrible effects of years of British Government incompetence, irresponsibility and profligacy!”

Robin Tilbrook
Chairman,
The English Democrats

English Democrats and the Green Party of England & Wales in agreement in supporting Scottish Independence and the dissolution of the United Kingdom




English Democrats and the Green Party of England & Wales in agreement in supporting Scottish Independence and the dissolution of the United Kingdom.

The Scottish Greens have set out their vision for an independent Scotland by launching a new paper outlining a raft of “bold” ideas.

The Green Party say an independent Scotland would have the ability to pursue “bold” ideas for a successful economy including the creation of a local banking network and a regulator for small businesses. They have said a Yes vote in September’s referendum would give Scotland the opportunity to grow emerging sectors like the digital and creative industries and support secure jobs with fair pay.

On Wednesday 9 April 2014 we had two appearances along with Green representatives.
In one, Derek Hilling the English Democrats’ National Party Secretary and Lead Candidate in the West Midlands for the English Democrats in the 2014 EU Elections attended a radio debate in Birmingham at “Newstyle Radio 98.7FM” www.newstyleradio.co.uk. Attending was also the Green’s representative “Laura” who was nodding as Derek enthusiastically talked about our policy of Independence for England.

In the other appearnce on Wednesday 9 April 2014 Steve Uncles our National Campaign Director and our Prospective Lead Candidate in South East England for the English Democrats attended a hustings at Kent University, Canterbury. Also attending was Green MEP Keith Taylor. Steve Uncles and Keith Taylor sat next to each other at the hustings. During his opening speech Steve Uncles said:-

“On the panel here today, then all but two parties here support the continuation of the United Kingdom, however although we may disagree about Europe it is good to see that the Green Party, agree in the self determination of people in Scotland, and are campaigning for Scottish Independence and therefore an end to the United Kingdom – this will free England.”

In response Keith Taylor MEP who immediately followed Steve Uncles in making his speech in reply accepted the statement made by Steve Uncles. 

So there you have it. In this EU election there will be two real alternatives to the tired old, and not so old, Unionist parties!