Condolences to all those bereaved, RIP souls lost

Condolences to all those bereaved, RIP souls lost

I remember the human remains still on the ocean bed with humble respect

I remember the human remains still on the ocean bed with humble respect.

I pay my condolences to those bereaved.

And may all souls lost RIP.

Always sad when it is in Nepal – RIP souls lost

Always sad when it is in Nepal, very tough flying conditions in a beautiful picturesque country.
RIP souls lost, condolences to those bereaved.
Thoughts with survivors and their relatives.

The irony about the cracks in the wings saga is that Filton is getting the blame

The irony about the cracks in the wings saga is that Filton is getting the blame.

Yikes.

I have in a hurry put the above post in the incorrect thread ( I had both threads open in two different windows).

It should be in

http://forum.keypublishing.com/showthread.php?t=114874

Mods please sort out if you wish. Thanks

Touche – My earlier post #64 begs the same question

There would be a good few oilfields in their waters, I would imagine splitting the revenue between the inhabitants would make them as rich as a Gulf oil state.

You see once you set this ball rolling, you can’t call it to a halt at a point where it suits you.

Touche – My earlier post http://forum.keypublishing.com/showpost.php?p=1846055&postcount=64

“There is a humorous but realistic way to make this Independence sound even more silly.

Is Mr Alex Salmond going to accept that since he is fighting (oratorically) to divide an Island, how would he like each island off the shores of mainland Scotland to make a parallel claim for Independence from Scotland?

Yes it’s unlikely to ever happen but do you think the islanders get a fair deal from the mainland Scots – no is their answer in the main.

Would the islands be better off governing themselves ? No it would be hopeless projects.”

Someone needs to remind Mr Alex Salmond that Britain may be on the verge of entering ‘Double Dip’ recession soon, the worst since the 1970s. I was only a schoolboy but I remember it well, 3 -day working week in most companies.

As many others have said on this thread it is time Mr Salmond and the SNP stop the ego trip and instead to spend Westminster parliament’s time to find ways for the Scots, Welsh, Northern Irish and English to harness their brains to get Britain moving again.

It ceases to amaze me where his brains have gone ????

Sandy,

It ceases to amaze me where his brains have gone ????:D

The world is sinking slowly under an economic downturn of a catastrophic nature and all the man can think of is ‘his’ Independent Scotland and spending huge amounts of time and money (not his but UK taxpayers) on a crazy ‘nightmare’. Ego maniac.

Salmond Warned over legality of referendum

Financial Times Tuesday 17 January 2012 page 4
Salmond Warned over legality of referendum
By Kiran Stacey Political Correspondent

“The coalition’s senior Scottish legal adviser has warned Alex Salmond that holding a referendum on independence for Scotland without agreement from London would be illegal and undemocratic, triggering a fresh spat with nationalists.

Lord Wallace the Advocate General for Scotland said the Scottish National party leader had no legal power to hold a referendum and he would be acting undemocratically if he tried to do so without Westminster transferring those powers. “To proceed with a referendum that is outside of its legal powers would be to act contrary to the rule of law”, Lord Wallace said. “This is not a mere legal technicality as some commentators have suggested. Government according to law is a fundamental principle of democracy.:)”……

….Lord Wallace’s intervention is an unusually public one for a government legal adviser to make and comes ahead of a lecture he will give on Friday outlining his legal opinion in more detail…….

…..He is also one of the government officers most likely to lead a legal challenge in the Supreme Court if Mr Salmond does push ahead with his plans without prior agreement.

Lord Wallace suggested such a challenge was likely saying: “Scottish parliament legislation paving the way for an unlawful referendum would be open to challenge in the courts. That challenge could be initiated in the Court of Session by any individual or organisation with sufficient interest to bring proceedings.

It is important to note that a successful challenge in the courts could not only invalidate the outcome of the referendum – it could stop the referendum happening in the first place.”

More on this story at http://www.ft.com/westminster

IMO this is just one of many serious legal impediments that will cost this entire process of Independence in both time and in huge monetary terms.It may even sink it completely.;)

Here are some verifiable facts from today’s FT

FT Monday 16 January 2012 page 3
Doubts mount as Scots eye big oil prize.
By Guy Chazan, Michael Kavanagh and Andrew Bolger

……”Splitting the North Sea into English and Scottish sectors using a median line extending out from the land border North of Berwick-upon-Tweed would leave Scotland with 96% of the areas oil production and 58% of its natural gas, according to Alex Kemp, professor of petroleum economics at the Aberdeen university’s business school…. UK’s tax revenue from the whole oil and gas sector totalling £11.1bn this year, Prof. Kemp calculates that Scottish revenues could range from £5bn to £10bn a year for the next 10 years……

….Under current rules oil companies can offset exploration costs in one part of the North Sea against taxes on their producing fields in other parts. Such an option could fall away if the English and Scottish sectors were divided.”

IMO a different Scottish taxation system if it encompassed company taxation as well as personal taxation could see huge areas of concern for oil companies in this context.

“….Oil and gas production peaked more than a decade ago at 4.4m barrels a day, and by 2010 had fallen to 2.4m barrels a day, according to BP. About 41bn barrels of oil equivalent have already been extracted, with only 24bn remaining.”

In a previous post on this thread I have made the point that the SNP is clawing at an oil boon that peaked a long time ago.

“Yet that is still a huge prize: assuming an oil price of $100 a barrel, it represents £1.5bn of value…..”

IMO how far does £1.5bn go in administering an independent Scotland ?

The picture/image/chart in the article in the FT shows how much of the North Sea Oil futures will be closer to Norway and hence why would multinational oil companies grapple with complex and different Scottish and UK taxation when they could settle with one tax system in Norway? Norway remains oil rich, stable and has many attractions for businesses.

Take heed SNP you may have left this Independence argument way too late to make any economic sense of it.