Reply to post: Re: Banking Jobs

Scottish independence: Will it really TEAR the HEART from IT firms?

LucreLout

Re: Banking Jobs

"You do know that both RBS and Lloyds have said they do not foresee moving *any* jobs? Just their registered offices?"

RBS is owned by the British taxpayer. After the divorce, English taxpayers will own most of the bank, and there are zero votes for English MPs in keeping those jobs in Scotland. Nobody will give a feck what the Scots MPs or tax payers will say, because they will be a minority shareholder.

LLOY will relocate after that because the pool of potential people will diminish as Scots leave to find work. Assuming they don't, competition for LLOY jobs will be fierce, which will depress wages far below the level they are currently at in Scotland.

There is no win for the Plaid Piper here. Only pain, embarrasment, and a humiliating climbdown. He knows that already. He's just bluffing it out, hoping to be "the man that freed Scotland". A sort of fat, unpleasant, meek little William Wallace.

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