Independent Scotland and Public Debt
In today’s publication, The Party is looking at Scotland’s situation in reference to the public debt. Public Debt Requires Declaration of Bankruptcy The public debt of the geographic al entity called Great Britain and Northern Ireland stands at between two and a half and three trillion GB pounds. Once divided between four constituent countries, Scotland’s share would be between 250 and 300 billion pounds. Whether Scotland considers itself independent from the former UK or not, it changes nothing concerning the amount of money each Scottish person owes once the financial public affairs go into administration: the sum will be around forty to forty-five thousand pounds for every individual person in Scotland , adult or child regardless . Every person in England, Wales and Northern Ireland would be liable to the same debt burden respectively for England, Wales and Northern Ireland. This debt, which has nothing to do with private debt, would be impossible to pay in every one of th...