Since the SNP came to power, there has been a lot of nationalism scattering across the country. On Thursday, the 18th of September, 2014 there will be a referendum. Independence for Scotland is on the top of the nationalist’s ‘to do’ list. But why exactly should we be independent? Would our small, financially challenged country really be able to stand on its own feet against the bigger countries in the global market? For over 300 years we have been part of Great Britain’s success but now in a time of economic meltdown, people have a growing want for independence.
To start, let’s take a look at why our country can’t afford (and will never be able to afford) independence. The credit crunch occurred when our banks were forced to cancel debts after them carelessly giving money to people who could not repay their loans. This forced the government to use public money, to keep the banks afloat and resulted in decreasing our budget by billions of pounds (also causing inflation levels to rise). So what is our tax money going towards now? Instead of paying for the much demanded and quite frankly desperately needed improvements in healthcare, housing and education we are now investing in unstable banks, with the hope that everything will soon be fixed, which, to be honest, sounds good, but it’s going to take a long time, longer than anyone thinks. If we were to become independent, we would be in huge debt, and, owing 3.6 billion is a lot when there is only a population of about 5.4 million in Scotland. If we weren’t to become independent, our debts would get paid more quickly.
It is not only the recession but also our decreasing oil which we must be worried about. Our country heavily relies on oil to make most of its money but when that’s gone independence won’t be easy. How will we pay for our enlarging costs? For the last forty years the oil industry has made up a large portion of our income but with supplies decreasing what will we do then? In 2007 our oil industry had an estimated worth of £250 billion but with this income depleting we could not possibly look at independence as a serious issue. People may say the oil will provide us with enough income in the in the short-run but the reality is in the long-run our oil is going to run out, and we will be left with no sustainable source of income. So what will we do when our twenty years or so of oil has been used? With depleting oil supplies and an economic position like ours independence cannot be an option.
Through being a part of Great Britain we have managed to become one of the top financial powers in the world but some are still trying to improve Scotland when in fact it isn’t as messed up as people seem to think. People think we should have even more control over our own country...