Scotland would be ok financially, it has a couple of
bankrupt world class banks in RBS and HBOS. The Eurozone Tobin tax I'm sure will help the banks recover
The English, Welsh, and Northern Irish, I'm sure will give Scotland generous terms on paying back the bailout debt on these. Easy to manage terms over 25 years on your Independence credit card at a mere 2% interest per month.
The repair and maintenance of a couple of fishing patrol boats won't be quite the earner of a nuclear submarine base, along with the repatriation of many public service HQ's / call centres etc. that were located in Scotland to help bring down the high unemployment, but Scotland can't have everything.
Scotland will inevitably having much higher taxes than the UK:
1. High unemployment, high social provision to pay for the most unhealthy lifestyle out of all of the UK population.
2. No more uk higher spend per head of population tax rebate from the rest of the UK.
3. Keeping King Salmon and his royal court at the standard of living he aspires too will not be cheap.
4. No discount allowed on your EU membership invoice.
5. The Eurozone welcome pack for their newest member, will include an invoice for your contribution to the ECB amd EFSF bailout funds.
(The pack will include a Merkosy 'with complements slip'.
)
The biggest net change will be to the growth of Scottish tourism.....
It will be great for the UK side of the Scottish borders.
1. Many Scottish businesses will locate to take advantage of the lower corporation tax and Business rates.
2. Employees will encourage them to move, so they can border hop to avoid higher Scottish employee taxes.
3. The weekend tourist trade will be mainly in a southern direction for shopping trips (VAT 5% lower), cheaper petrol and for a good smoke, cigarettes in England will still be under €10 a packet and there will be no minimum €2 charge per unit of alcohol, so they can afford their Friday and Saturday bevvie or twenty in an English pub and then crash out in a local B&B.
As an Englishman if the vote was nationwide I would have probably have voted against independence, but on this analysis I'm rapidily talking myself into a yes vote.