| What UK assets and liabilities will be divided? |
| Wednesday, 18 March 2009 14:46 |
| The UK Government owns something in the region of £273 billion worth of assets4. We have paid for our share of these, and we are due for a share of them back onIndependence. The 1983 Vienna Convention5 establishes principles for the division of the value of such assets during Independence negotiations. Assets will include publicly owned land, buildings, gold, and foreign currency reserves and properties for the provision of UK services (overwhelmingly situated in and around the London area). There would also be defence and diplomatic properties abroad. As England, in hercapacity as one of the successor states to the UK, would presumably wish to retain most of these, a payment would be made to Scotland for Scotland's share of their value. Liabilities would include issues like the national debt.4 National Assets Register, 20015 1983 Vienna Convention on the Succession of States in Respect of State Property, Archives and Debts |
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