I cry for my beloved country. The only winner is the EU hence Juncker & Barroso's delight at the result. It has solved the Catalan , Flemish and other nationalist problems for the EU at a stroke.. Step forward Cam, Milliband and Clegg to take the grateful thanks of their sacred EU. Charlemagne prize for the three amigos?
Alex Salmond may have lost this battle and exhausted, resigned the leadership, but his cause will triumph within ten years. Farage can never do what Salmond did and deliver an in/out referendum to the people of the UK.
The campaign and its aftermath was a sickening display of LibLabCon opportunism. Hence Cameron's immediate post result attempt to shaft Labour by tying the promised new powers for Scotland to giving similar powers to Wales, Northern Ireland and England. How on earth does he propose to implement the latter? There is no English parliament to give such powers to.
The LibDems are and have been irrelevant for years. As the Mail on Sunday wrote on Clegg some months ago,
“His wife is Spanish, his mother Dutch, his father half-Russian and his spin doctor German. Is there ANYTHING British about Lib Dem leader Nick Clegg?”
Labour/Milliband are desperately trying to kick the issue into the long grass with their propsed consult the people (How?) constitutional conference lasting years to allow Ed a decent time in Downing Street to wreck the economy.
It was horrible to see Labour gleefully dancing to the Tories' tune. I quote from Owen Jones excellent piece in Wednesday's Daily Mail,
"Banks and other corporate giants warning that the roof will cave in; a near-hysterical media that leaves broad swaths of public opinion ignored – if the Labour leadership wants to know what to expect in the runup to next year’s election, they should regard the establishment campaign against Scottish independence as a foretaste of what is to come. But therein lies the problem, of course. Labour’s leaders have cheered on this campaign, and will be reminded of this fact at every opportunity when they complain of “scaremongering” when the same strategy is directed at them in the spring months of 2015."
Labour will pay a heavy price for this and their inevitable failure to deliver on the Daily Record pledge.
Labour have sold the moral high ground for a mess of cheap newspaper shots.
So why did Salmond lose the vote? Darling ran a FUD campaign, Fear Uncertainty and Doubt. Negative and unpleasant and it is the favourite tool of Cameron's Aussie Crosby. Negative campaigning however works as has been shown in numerous elections round the world.
Salmond could have neutralised this but his preparation was not good enough. There are two main reasons which better preparation could have reversed. I lean on Ashcrofts post election poll of 2000 voters on why No voters voted how they did.
click on link below
The pound/currency issue was cited by 57% of No voters as why they voted No. Nobody could stop an independent Scotlannd using the pound. The UK government extended this courtesy to the Irish for 50 years from 1927 until they entered the ERM. At the same time as the IRA were murdering UK soldiers! So Mr Darling why was it OK for the Irish but not the Scots?
There are few who understand how central banking works. Darling and Jonah Brown are not amongst them. Central bank's can create money to pay govenment debts in their own currency as the BoE is doing right now with its euphemistically entiled QE programme. But when there was a run on Northern Rock, the first such run on a UK bank for over 150 years it was HMT not the BoE that had to guarantee depositors cash and even then only up to £80k the previous limit had been a little known de facto £18k. So bank runs are very rare events and could have been avoided for Northern Rock by proper enforcement of banking regulations Rules that Jonah Brown waived for his sordid political ends.
The second part of the answer concerns a countries' reserves. Scotland has a lot of oil on which tax revenues accrue. You can securitise this secure revenue stream as bonds which could be sold or used as collateral internationally. This would give easily £50 bn ample to back Scottish banks but with proper regukation enforcement it would not be needed.
So proper enforcement of bank rules plus securitisation of future oil tax revenues and problem solved.
Pensions were cited by 37% of No voters. Central government pensions are like government debt a charge on HMT. Private pensions are paid from returns on sterling denominated securities. Pension contributions would continue to be made in Sterling which Scotland would be using as a currency.
Trickier would be police and local authority pensions which are unfunded and are paid out of rates revenue. Scottish Police and bureaucrats would just be in the same boat as everyone else and paid in Salmond's sterling.
Defence and security was cited by 29%. Easy get rid of nuclear weapons as have the Nordic countries and the problem disappears.
I have not considered issues like the NHS or other issues which were rated nore important by Yes voters than No voters.
That covers the most important policy points but there were also tactical reasons Salmond lost
They did not get their vote out particularly in their strong areas. Glasgow and Dundee only had a 75% turnout compared with the average 84%.
Brown's last minute intervention promising loads of goodies needed an immediate attack on Brow who created the UK debt mountain and was a disastrous PM
It should have been pointed out how much the EU would lose in fishing rights if Scotland was not allowed into the EU and that of course Scotland could join Norway in EFTA and us their trade deals.
Its all water under the bridge. On that day, 18th Sept 2014 Scotland was a sovereign nation. The pity is they chose to return power to the corrupt Westminster poilitical elite.
Nicola Sturgeon is an able, likeable woman. The cause will not die and Scotland will rise again. All Nicola has to do in the short term is to sit back and watch the 3 amigos fall out whilst the fourth horseman of the apocalypse, Jonah Brown drops them deeper in the mire.