13/01/2014

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0:00:04 > 0:00:08perceptive

0:00:08 > 0:00:23Tonight on

0:00:23 > 0:00:24markets or

0:00:24 > 0:00:28the voters? Ian

0:00:28 > 0:00:29independent

0:00:29 > 0:00:34the referendum.

0:00:34 > 0:00:35The Treasury

0:00:35 > 0:00:36international money

0:00:36 > 0:00:41will honour

0:00:41 > 0:01:00the

0:01:00 > 0:01:10full responsibility for paying full responsibility for paying

0:01:10 > 0:01:12full responsibility for paying Does that

0:01:12 > 0:01:13full responsibility for paying Government can tweak

0:01:13 > 0:01:17full responsibility for paying like

0:01:17 > 0:01:19full responsibility for paying bright red

0:01:19 > 0:01:33full responsibility for paying not

0:01:33 > 0:01:48full responsibility for paying Edinburgh pay up.

0:01:48 > 0:01:58full responsibility for paying surcharge

0:01:58 > 0:02:08full responsibility for paying we

0:02:08 > 0:02:09full responsibility for paying were

0:02:09 > 0:02:16full responsibility for paying would

0:02:16 > 0:02:24This is as much about politics as it This is as much about politics as it

0:02:24 > 0:02:34This is as much about politics as it you

0:02:34 > 0:02:38This is as much about politics as it to

0:02:38 > 0:02:40This is as much about politics as it this victory for

0:02:40 > 0:02:43This is as much about politics as it can get

0:02:43 > 0:02:51This is as much about politics as it The

0:02:51 > 0:02:52This is as much about politics as it the

0:02:52 > 0:02:56This is as much about politics as it nonevent. It is a statement of fact.

0:02:56 > 0:03:07This is as much about politics as it Wyatt has been

0:03:07 > 0:03:15This is as much about politics as it has

0:03:15 > 0:03:18This is as much about politics as it of it

0:03:18 > 0:03:20This is as much about politics as it a

0:03:20 > 0:03:25This is as much about politics as it yes vote,

0:03:25 > 0:03:31This is as much about politics as it --

0:03:31 > 0:03:39Treasury is trying to focus the Treasury is trying to focus the

0:03:39 > 0:03:44Treasury is trying to focus the clearing

0:03:44 > 0:03:45Treasury is trying to focus the on

0:03:45 > 0:03:49Treasury is trying to focus the reassure

0:03:49 > 0:03:50Treasury is trying to focus the markets, that

0:03:50 > 0:03:52Treasury is trying to focus the running a very tight

0:03:52 > 0:04:01Treasury is trying to focus the monetary

0:04:01 > 0:04:07Treasury is trying to focus the argue

0:04:07 > 0:04:11Treasury is trying to focus the issue

0:04:11 > 0:04:13Treasury is trying to focus the about if we

0:04:13 > 0:04:17Treasury is trying to focus the can't

0:04:17 > 0:04:23Treasury is trying to focus the independent

0:04:23 > 0:04:25Treasury is trying to focus the in Scotland in terms of

0:04:25 > 0:04:29Treasury is trying to focus the not think we

0:04:29 > 0:04:30Treasury is trying to focus the what

0:04:30 > 0:04:35Treasury is trying to focus the of

0:04:35 > 0:04:42Treasury is trying to focus the example? Oriel,

0:04:42 > 0:04:46Treasury is trying to focus the infrastructure. We require

0:04:46 > 0:04:47Treasury is trying to focus the investment

0:04:47 > 0:04:49Treasury is trying to focus the very

0:04:49 > 0:04:52Treasury is trying to focus the Scotland's

0:04:52 > 0:04:59Treasury is trying to focus the skill of

0:04:59 > 0:05:04Treasury is trying to focus the cheques

0:05:04 > 0:05:11sort out our finances? sort out our finances?

0:05:11 > 0:05:20Armstrong, director of Armstrong, director of

0:05:20 > 0:05:26Armstrong, director of What

0:05:26 > 0:05:27Armstrong, director of confirmation that the UK Government

0:05:27 > 0:05:30Armstrong, director of will stand behind

0:05:30 > 0:05:33Armstrong, director of Government's

0:05:33 > 0:05:35Armstrong, director of something much

0:05:35 > 0:05:37Armstrong, director of left

0:05:37 > 0:05:45Armstrong, director of terms

0:05:45 > 0:05:47Armstrong, director of are

0:05:47 > 0:06:24Armstrong, director of Friday

0:06:24 > 0:06:29Armstrong, director of the formal process here.

0:06:29 > 0:06:32Armstrong, director of that the UK would

0:06:32 > 0:06:34Armstrong, director of is going

0:06:34 > 0:06:36Armstrong, director of Government

0:06:36 > 0:06:42Armstrong, director of paid

0:06:42 > 0:06:47default and the UK Government has default and the UK Government has

0:06:47 > 0:06:49default and the UK Government has Charles

0:06:49 > 0:06:57default and the UK Government has thinkable

0:06:57 > 0:07:12default and the UK Government has make

0:07:12 > 0:07:18and also how it would repay that and also how it would repay that

0:07:18 > 0:07:21and also how it would repay that after,

0:07:21 > 0:07:32and also how it would repay that are getting more clarity.

0:07:32 > 0:07:35and also how it would repay that measures

0:07:35 > 0:07:53and also how it would repay that gives

0:07:53 > 0:07:57and also how it would repay that handed

0:07:57 > 0:07:58and also how it would repay that Treasury

0:07:58 > 0:08:01and also how it would repay that all

0:08:01 > 0:08:04and also how it would repay that approach? Yes, that is

0:08:04 > 0:08:06and also how it would repay that right.

0:08:06 > 0:08:25and also how it would repay that technical

0:08:25 > 0:08:40and also how it would repay that course they would

0:08:40 > 0:08:41and also how it would repay that the

0:08:41 > 0:08:49and also how it would repay that to do it,

0:08:49 > 0:08:50and also how it would repay that perspective,

0:08:50 > 0:08:54and also how it would repay that the repayment, the

0:08:54 > 0:08:55and also how it would repay that would

0:08:55 > 0:08:57and also how it would repay that Scotland

0:08:57 > 0:09:00and also how it would repay that repay

0:09:00 > 0:09:07and also how it would repay that for a new

0:09:07 > 0:09:11and also how it would repay that do

0:09:11 > 0:09:13and also how it would repay that out

0:09:13 > 0:09:24and also how it would repay that debt

0:09:24 > 0:09:26and also how it would repay that difficult

0:09:26 > 0:09:37and also how it would repay that independent

0:09:37 > 0:09:44and also how it would repay that would

0:09:44 > 0:09:53and also how it would repay that to raise cash as a smaller

0:09:53 > 0:09:54and also how it would repay that ?130

0:09:54 > 0:09:58and also how it would repay that agreement?

0:09:58 > 0:10:02and also how it would repay that context,

0:10:02 > 0:10:03and also how it would repay that that the Office

0:10:03 > 0:10:07and also how it would repay that Responsibility suggest is

0:10:07 > 0:10:08and also how it would repay that North

0:10:08 > 0:10:27and also how it would repay that awarded

0:10:27 > 0:10:36and also how it would repay that money. For

0:10:36 > 0:10:43and also how it would repay that debt. It

0:10:43 > 0:10:45and also how it would repay that takes a period of time.

0:10:45 > 0:10:48and also how it would repay that debt

0:10:48 > 0:10:51international standards so probably international standards so probably

0:10:51 > 0:10:53international standards so probably so it would probably have

0:10:53 > 0:10:55international standards so probably slightly

0:10:55 > 0:11:02international standards so probably about 0.6% up to 1.6

0:11:02 > 0:11:08international standards so probably the UK pays on its debt. The UK, of

0:11:08 > 0:11:12international standards so probably course,

0:11:12 > 0:11:15international standards so probably the

0:11:15 > 0:11:21international standards so probably all,

0:11:21 > 0:11:23international standards so probably the

0:11:23 > 0:11:25international standards so probably the UK get smaller but it has

0:11:25 > 0:11:26international standards so probably same

0:11:26 > 0:11:28international standards so probably burden,

0:11:28 > 0:11:31international standards so probably by

0:11:31 > 0:11:39international standards so probably smaller.

0:11:39 > 0:11:42international standards so probably independence

0:11:42 > 0:11:50international standards so probably debt

0:11:50 > 0:11:55international standards so probably figure.

0:11:55 > 0:12:01international standards so probably significant

0:12:01 > 0:12:03international standards so probably Let us hear from the politicians.

0:12:03 > 0:12:08international standards so probably The

0:12:08 > 0:12:09international standards so probably Stewart

0:12:09 > 0:12:14international standards so probably Democrat

0:12:14 > 0:12:18international standards so probably Treasury

0:12:18 > 0:12:21international standards so probably the

0:12:21 > 0:12:23international standards so probably jittery about the prospect

0:12:23 > 0:12:31international standards so probably Scottish

0:12:31 > 0:12:33international standards so probably about

0:12:33 > 0:12:42tell them that they would have to go tell them that they would have to go

0:12:42 > 0:12:45tell them that they would have to go money

0:12:45 > 0:12:49tell them that they would have to go them

0:12:49 > 0:12:53tell them that they would have to go not

0:12:53 > 0:12:54tell them that they would have to go on today.

0:12:54 > 0:12:59tell them that they would have to go timing.

0:12:59 > 0:13:02tell them that they would have to go see

0:13:02 > 0:13:07tell them that they would have to go Danny

0:13:07 > 0:13:15tell them that they would have to go the separation,

0:13:15 > 0:13:25tell them that they would have to go a

0:13:25 > 0:13:41tell them that they would have to go to

0:13:41 > 0:13:47tell them that they would have to go is

0:13:47 > 0:13:52tell them that they would have to go outcome,

0:13:52 > 0:13:54tell them that they would have to go negotiations

0:13:54 > 0:13:57tell them that they would have to go there

0:13:57 > 0:13:59tell them that they would have to go be negotiations

0:13:59 > 0:14:02tell them that they would have to go Government

0:14:02 > 0:14:06tell them that they would have to go dealers

0:14:06 > 0:14:09tell them that they would have to go lending. That

0:14:09 > 0:14:25tell them that they would have to go Should the referendum

0:14:25 > 0:14:29tell them that they would have to go countries,

0:14:29 > 0:14:35tell them that they would have to go the

0:14:35 > 0:14:38tell them that they would have to go look

0:14:38 > 0:14:41tell them that they would have to go example, you would base

0:14:41 > 0:14:43tell them that they would have to go strength

0:14:43 > 0:14:47tell them that they would have to go Our

0:14:47 > 0:14:50tell them that they would have to go than

0:14:50 > 0:14:55tell them that they would have to go there

0:14:55 > 0:14:56tell them that they would have to go deal

0:14:56 > 0:14:59tell them that they would have to go suggest

0:14:59 > 0:15:06tell them that they would have to go lower.

0:15:06 > 0:15:07tell them that they would have to go a

0:15:07 > 0:15:13tell them that they would have to go because

0:15:13 > 0:15:15tell them that they would have to go are

0:15:15 > 0:15:19tell them that they would have to go amount

0:15:19 > 0:15:22tell them that they would have to go to borrow. Its debt is due to reach

0:15:22 > 0:15:31tell them that they would have to go ?1.6

0:15:31 > 0:15:33tell them that they would have to go will make

0:15:33 > 0:15:34tell them that they would have to go proposition

0:15:34 > 0:15:49tell them that they would have to go invest

0:15:58 > 0:16:10debt

0:16:10 > 0:16:14balanced

0:16:14 > 0:16:20government money,

0:16:20 > 0:16:29would be a similar percentage of GDP would be a similar percentage of GDP

0:16:29 > 0:16:33would be a similar percentage of GDP it

0:16:33 > 0:16:36would be a similar percentage of GDP same.

0:16:36 > 0:16:37would be a similar percentage of GDP the

0:16:37 > 0:16:40would be a similar percentage of GDP would be

0:16:40 > 0:16:47would be a similar percentage of GDP with no track record.

0:16:47 > 0:16:53would be a similar percentage of GDP difficult

0:16:53 > 0:16:55would be a similar percentage of GDP Scottish

0:16:55 > 0:17:04be paying interest rates of 1% be paying interest rates of 1%

0:17:04 > 0:17:06be paying interest rates of 1% ?130 billion to be paid each year is

0:17:06 > 0:17:09be paying interest rates of 1% an awful lot of money. That's

0:17:09 > 0:17:12be paying interest rates of 1% of

0:17:12 > 0:17:13be paying interest rates of 1% The

0:17:13 > 0:17:25be paying interest rates of 1% off

0:17:25 > 0:17:27be paying interest rates of 1% a Scottish -- a

0:17:27 > 0:17:34be paying interest rates of 1% wouldn't pay the debt? No. There's

0:17:34 > 0:17:38be paying interest rates of 1% no

0:17:38 > 0:17:55be paying interest rates of 1% Alan

0:17:55 > 0:17:57be paying interest rates of 1% contracts with the bond

0:17:57 > 0:17:59be paying interest rates of 1% holders.

0:17:59 > 0:18:03approach. approach.

0:18:03 > 0:18:05approach. the

0:18:05 > 0:18:06approach. referendum. But what

0:18:06 > 0:18:09approach. the result make

0:18:09 > 0:18:15approach. the first of

0:18:15 > 0:18:16approach. Scotland which

0:18:16 > 0:18:27independent. independent.

0:18:27 > 0:18:29independent. no matter how informed we think we

0:18:29 > 0:18:44independent. are. We can

0:18:44 > 0:18:47independent. depends

0:18:47 > 0:18:49independent. According to

0:18:49 > 0:19:01independent. yes, we

0:19:01 > 0:19:18independent. reality?

0:19:18 > 0:19:20independent. future

0:19:20 > 0:19:23independent. like

0:19:23 > 0:19:35independent. the

0:19:35 > 0:19:42democracy. Regardless of the errors democracy. Regardless of the errors

0:19:42 > 0:19:45democracy. Regardless of the errors like, we can

0:19:45 > 0:19:58democracy. Regardless of the errors can feel we are

0:19:58 > 0:20:02democracy. Regardless of the errors have

0:20:02 > 0:20:09democracy. Regardless of the errors each

0:20:09 > 0:20:13democracy. Regardless of the errors Parliament.

0:20:13 > 0:20:18democracy. Regardless of the errors slower

0:20:18 > 0:20:24democracy. Regardless of the errors feel

0:20:24 > 0:20:27democracy. Regardless of the errors years

0:20:27 > 0:20:36independence referendum. I think it independence referendum. I think it

0:20:36 > 0:20:56independence referendum. I think it building

0:20:56 > 0:21:01independence referendum. I think it time. No shortage of challenges and

0:21:01 > 0:21:04independence referendum. I think it problems along the way. Of

0:21:04 > 0:21:12independence referendum. I think it there will be problems!

0:21:12 > 0:21:18Scotland? And that is why we have Scotland? And that is why we have

0:21:18 > 0:21:22Scotland? And that is why we have referendum,

0:21:22 > 0:21:52Scotland? And that is why we have only 9%

0:21:52 > 0:21:54Scotland? And that is why we have have

0:21:54 > 0:22:00Scotland? And that is why we have with, but we have Wayne --

0:22:00 > 0:22:03Scotland? And that is why we have limited. Scotland is a big school --

0:22:03 > 0:22:07Scotland? And that is why we have Scotland

0:22:07 > 0:22:11Scotland? And that is why we have wasn't doing too

0:22:11 > 0:22:14Scotland? And that is why we have World

0:22:14 > 0:22:16Scotland? And that is why we have lot

0:22:16 > 0:22:27Scotland? And that is why we have on

0:22:27 > 0:22:29Scotland? And that is why we have It's

0:22:29 > 0:22:35against other teams. An awful lot of against other teams. An awful lot of

0:22:35 > 0:22:36against other teams. An awful lot of Scottish football, we have a chance

0:22:36 > 0:22:41against other teams. An awful lot of of winning it this year.

0:22:41 > 0:22:45against other teams. An awful lot of football team

0:22:45 > 0:22:47against other teams. An awful lot of but

0:22:47 > 0:22:48against other teams. An awful lot of believe

0:22:48 > 0:22:53against other teams. An awful lot of well

0:22:53 > 0:22:58against other teams. An awful lot of the referendum,

0:22:58 > 0:23:07against other teams. An awful lot of decided to

0:23:07 > 0:23:29against other teams. An awful lot of into another

0:23:29 > 0:23:37against other teams. An awful lot of while I have been away.

0:23:37 > 0:23:38against other teams. An awful lot of parallel

0:23:38 > 0:23:40against other teams. An awful lot of and

0:23:40 > 0:23:44against other teams. An awful lot of And as Ian

0:23:44 > 0:23:48against other teams. An awful lot of life might

0:23:49 > 0:23:50Now a quick look at

0:23:50 > 0:23:57there's a vote to stay in the union. pages.

0:23:57 > 0:23:58there's a vote to stay in the union. to

0:23:58 > 0:24:10there's a vote to stay in the union. university

0:24:10 > 0:24:13there's a vote to stay in the union. is

0:24:13 > 0:24:17there's a vote to stay in the union. UK

0:24:17 > 0:24:22there's a vote to stay in the union. EU

0:24:22 > 0:24:24there's a vote to stay in the union. EU That's

0:24:24 > 0:24:29there's a vote to stay in the union. EU with Good