13/01/2014 Newsnight Scotland

perceptive

Tonight on

markets or

the voters? Ian

independent

the referendum.

The Treasury

international money

will honour

the

full responsibility for paying full responsibility for paying

full responsibility for paying Does that

full responsibility for paying Government can tweak

full responsibility for paying like

full responsibility for paying bright red

full responsibility for paying not

full responsibility for paying Edinburgh pay up.

full responsibility for paying surcharge

full responsibility for paying we

full responsibility for paying were

full responsibility for paying would

This is as much about politics as it This is as much about politics as it

This is as much about politics as it you

This is as much about politics as it to

This is as much about politics as it this victory for

This is as much about politics as it can get

This is as much about politics as it The

This is as much about politics as it the

This is as much about politics as it nonevent. It is a statement of fact.

This is as much about politics as it Wyatt has been

This is as much about politics as it has

This is as much about politics as it of it

This is as much about politics as it a

This is as much about politics as it yes vote,

This is as much about politics as it --

Treasury is trying to focus the Treasury is trying to focus the

Treasury is trying to focus the clearing

Treasury is trying to focus the on

Treasury is trying to focus the reassure

Treasury is trying to focus the markets, that

Treasury is trying to focus the running a very tight

Treasury is trying to focus the monetary

Treasury is trying to focus the argue

Treasury is trying to focus the issue

Treasury is trying to focus the about if we

Treasury is trying to focus the can't

Treasury is trying to focus the independent

Treasury is trying to focus the in Scotland in terms of

Treasury is trying to focus the not think we

Treasury is trying to focus the what

Treasury is trying to focus the of

Treasury is trying to focus the example? Oriel,

Treasury is trying to focus the infrastructure. We require

Treasury is trying to focus the investment

Treasury is trying to focus the very

Treasury is trying to focus the Scotland's

Treasury is trying to focus the skill of

Treasury is trying to focus the cheques

sort out our finances? sort out our finances?

Armstrong, director of Armstrong, director of

Armstrong, director of What

Armstrong, director of confirmation that the UK Government

Armstrong, director of will stand behind

Armstrong, director of Government's

Armstrong, director of something much

Armstrong, director of left

Armstrong, director of terms

Armstrong, director of are

Armstrong, director of Friday

Armstrong, director of the formal process here.

Armstrong, director of that the UK would

Armstrong, director of is going

Armstrong, director of Government

Armstrong, director of paid

default and the UK Government has default and the UK Government has

default and the UK Government has Charles

default and the UK Government has thinkable

default and the UK Government has make

and also how it would repay that and also how it would repay that

and also how it would repay that after,

and also how it would repay that are getting more clarity.

and also how it would repay that measures

and also how it would repay that gives

and also how it would repay that handed

and also how it would repay that Treasury

and also how it would repay that all

and also how it would repay that approach? Yes, that is

and also how it would repay that right.

and also how it would repay that technical

and also how it would repay that course they would

and also how it would repay that the

and also how it would repay that to do it,

and also how it would repay that perspective,

and also how it would repay that the repayment, the

and also how it would repay that would

and also how it would repay that Scotland

and also how it would repay that repay

and also how it would repay that for a new

and also how it would repay that do

and also how it would repay that out

and also how it would repay that debt

and also how it would repay that difficult

and also how it would repay that independent

and also how it would repay that would

and also how it would repay that to raise cash as a smaller

and also how it would repay that ?130

and also how it would repay that agreement?

and also how it would repay that context,

and also how it would repay that that the Office

and also how it would repay that Responsibility suggest is

and also how it would repay that North

and also how it would repay that awarded

and also how it would repay that money. For

and also how it would repay that debt. It

and also how it would repay that takes a period of time.

and also how it would repay that debt

international standards so probably international standards so probably

international standards so probably so it would probably have

international standards so probably slightly

international standards so probably about 0.6% up to 1.6

international standards so probably the UK pays on its debt. The UK, of

international standards so probably course,

international standards so probably the

international standards so probably all,

international standards so probably the

international standards so probably the UK get smaller but it has

international standards so probably same

international standards so probably burden,

international standards so probably by

international standards so probably smaller.

international standards so probably independence

international standards so probably debt

international standards so probably figure.

international standards so probably significant

international standards so probably Let us hear from the politicians.

international standards so probably The

international standards so probably Stewart

international standards so probably Democrat

international standards so probably Treasury

international standards so probably the

international standards so probably jittery about the prospect

international standards so probably Scottish

international standards so probably about

tell them that they would have to go tell them that they would have to go

tell them that they would have to go money

tell them that they would have to go them

tell them that they would have to go not

tell them that they would have to go on today.

tell them that they would have to go timing.

tell them that they would have to go see

tell them that they would have to go Danny

tell them that they would have to go the separation,

tell them that they would have to go a

tell them that they would have to go to

tell them that they would have to go is

tell them that they would have to go outcome,

tell them that they would have to go negotiations

tell them that they would have to go there

tell them that they would have to go be negotiations

tell them that they would have to go Government

tell them that they would have to go dealers

tell them that they would have to go lending. That

tell them that they would have to go Should the referendum

tell them that they would have to go countries,

tell them that they would have to go the

tell them that they would have to go look

tell them that they would have to go example, you would base

tell them that they would have to go strength

tell them that they would have to go Our

tell them that they would have to go than

tell them that they would have to go there

tell them that they would have to go deal

tell them that they would have to go suggest

tell them that they would have to go lower.

tell them that they would have to go a

tell them that they would have to go because

tell them that they would have to go are

tell them that they would have to go amount

tell them that they would have to go to borrow. Its debt is due to reach

tell them that they would have to go ?1.6

tell them that they would have to go will make

tell them that they would have to go proposition

tell them that they would have to go invest

debt

balanced

government money,

would be a similar percentage of GDP would be a similar percentage of GDP

would be a similar percentage of GDP it

would be a similar percentage of GDP same.

would be a similar percentage of GDP the

would be a similar percentage of GDP would be

would be a similar percentage of GDP with no track record.

would be a similar percentage of GDP difficult

would be a similar percentage of GDP Scottish

be paying interest rates of 1% be paying interest rates of 1%

be paying interest rates of 1% ?130 billion to be paid each year is

be paying interest rates of 1% an awful lot of money. That's

be paying interest rates of 1% of

be paying interest rates of 1% The

be paying interest rates of 1% off

be paying interest rates of 1% a Scottish -- a

be paying interest rates of 1% wouldn't pay the debt? No. There's

be paying interest rates of 1% no

be paying interest rates of 1% Alan

be paying interest rates of 1% contracts with the bond

be paying interest rates of 1% holders.

approach. approach.

approach. the

approach. referendum. But what

approach. the result make

approach. the first of

approach. Scotland which

independent. independent.

independent. no matter how informed we think we

independent. are. We can

independent. depends

independent. According to

independent. yes, we

independent. reality?

independent. future

independent. like

independent. the

democracy. Regardless of the errors democracy. Regardless of the errors

democracy. Regardless of the errors like, we can

democracy. Regardless of the errors can feel we are

democracy. Regardless of the errors have

democracy. Regardless of the errors each

democracy. Regardless of the errors Parliament.

democracy. Regardless of the errors slower

democracy. Regardless of the errors feel

democracy. Regardless of the errors years

independence referendum. I think it independence referendum. I think it

independence referendum. I think it building

independence referendum. I think it time. No shortage of challenges and

independence referendum. I think it problems along the way. Of

independence referendum. I think it there will be problems!

Scotland? And that is why we have Scotland? And that is why we have

Scotland? And that is why we have referendum,

Scotland? And that is why we have only 9%

Scotland? And that is why we have have

Scotland? And that is why we have with, but we have Wayne --

Scotland? And that is why we have limited. Scotland is a big school --

Scotland? And that is why we have Scotland

Scotland? And that is why we have wasn't doing too

Scotland? And that is why we have World

Scotland? And that is why we have lot

Scotland? And that is why we have on

Scotland? And that is why we have It's

against other teams. An awful lot of against other teams. An awful lot of

against other teams. An awful lot of Scottish football, we have a chance

against other teams. An awful lot of of winning it this year.

against other teams. An awful lot of football team

against other teams. An awful lot of but

against other teams. An awful lot of believe

against other teams. An awful lot of well

against other teams. An awful lot of the referendum,

against other teams. An awful lot of decided to

against other teams. An awful lot of into another

against other teams. An awful lot of while I have been away.

against other teams. An awful lot of parallel

against other teams. An awful lot of and

against other teams. An awful lot of And as Ian

against other teams. An awful lot of life might

Now a quick look at

there's a vote to stay in the union. pages.

there's a vote to stay in the union. to

there's a vote to stay in the union. university

there's a vote to stay in the union. is

there's a vote to stay in the union. UK

there's a vote to stay in the union. EU

there's a vote to stay in the union. EU That's

there's a vote to stay in the union. EU with Good