How much of the UK national debt will be transferred to a unified Irish republic? (And how will it be calculated?)

Congalltee

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How much of the UK national debt will be transferred to a unified Irish republic? (And how will it be calculated?)

It’s a side issue on another thread, but deserves its own one.

1. None, we’ve paid enough of a price. Brits out, and leave the cheque on the mantelpiece.

2. None, the UK will save £10.5bn per year, Britianna will happily waive the debt rules

3. Population alone.
UK national debt £1.7tr
UK’s population 65.5m
NI population 1.8m
ie £45bn

4. A calculation based on NI’s assets?

5. A calculation based on non-defence contributions from GB to NI since 1920,less revenue received the other way?

6. A historical model based on land annuities/Treaty?

7. A Brexit model?

8. A commonwealth model used by India, Pakistan, Rhodesia etc?
http://www.economicsdiscussion.net/government/debt/public-debt-before-and-after-independence-in-india/21261
9. Something else?
 
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Congalltee

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10. Whaaaaat? We have to pay to take on NI? No way. Saw it off and send it into the Atlantic. It’s bad enough paying for Anglo debt, but Nordie’s is a step too far. What have they ever done for us? Rory McIlroy can pay for his own state. What gratitude would we get from those violent psychopaths who will bomb Facebook and google and any other FDI. It’s what loyalists do. Can’t trust them. Their eyes are too close and they can’t pronounce h’s. I hate them. Im not a bigot but let’s build a wall and let them pay for it. No unity, no debt.
 
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Cai

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The UK has about £1.3 trn in assets. Presumably a United Ireland would have access to that, if it was expected to take on a share of the UK's liabilities.
 

JimmyFoley

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It's an interesting question, one that I hadn't really considered before.

My instinct is that it wouldnt have to be paid, but then again...
 

Eire1976

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Zero - The Irish state will be taking on a debt in maintaining British citizens
 

Congalltee

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The UK has about £1.3 trn in assets. Presumably a United Ireland would have access to that, if it was expected to take on a share of the UK's liabilities.
The state land between Carlingford to Foyle (above a 310mile non-direct route), fish, potential gas deposits off rockal, a few castles, some ports and airports. What does that come to?
Or
1.7-1.3tr=400bn/65.5(*1.8)
 

tokkie

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None. The Brits can't wait to get rid of the place and its troublesome population. They'll pay us to take it.
 

Eire1976

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The state land between Carlingford to Foyle (above a 310mile non-direct route), fish, potential gas deposits off rockal, a few castles, some ports and airports. What does that come to?
Or
1.7-1.3tr=400bn/65.5(*1.8)
The Irish state isn't obliged to take on any debts because of Unity.

The Gov of Ireland act 1920 was where this was introduced to punish the Irish for seeking freedom. This was wiped away with the GFA.

If the debt was real we should have been given our share of the UK's treasures and a few battleships etc.
 

NYCKY

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The UK has about £1.3 trn in assets. Presumably a United Ireland would have access to that, if it was expected to take on a share of the UK's liabilities.
Yes a Nothern Ireland uniting with the Republic would be bringing lots of assets with them, post offices, train stations, municipal buildings, schools, airports, police stations etc
 

tokkie

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Yes a Nothern Ireland uniting with the Republic would be bringing lots of assets with them, post offices, train stations, municipal buildings, schools, airports, police stations etc
.....unemployable tattood fckwits, drug dealing gangs, welfare dependents and pitbull terrier breeding, steroid taking body builders.
 

General Urko

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Asking us to take in The Jaffa Statelette under any circumstance is virtually as daft as asking the wonderful people of The Dominican Republic to add Haiti to its country, because they share the common island of Hispanola!
 

Mick Mac

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The Irish state isn't obliged to take on any debts because of Unity.

The Gov of Ireland act 1920 was where this was introduced to punish the Irish for seeking freedom. This was wiped away with the GFA.

If the debt was real we should have been given our share of the UK's treasures and a few battleships etc.
The fuccers might give us that leaking aircraft carrier
 

Deputy Dog

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I do believe a precedent of sorts was set in 1921. The free state was not burdened with British debt directly. It did not have to take on "its share" so to speak.
 

Old Mr Grouser

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The UK has about £1.3 trn in assets. Presumably a United Ireland would have access to that, if it was expected to take on a share of the UK's liabilities.
I imagine that a big part of 'the National Debt' referred to here would be the ongoing commitments in connection with long-term maintenance contracts, pensions liabilities, and so on.
 

Watcher2

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Jaysus, will you guys ever get over yourselves? Your OP title makes it sound like a UI is a done deal. Yer f Elkins hilarious.
 

Sync

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We want some of the assets, we’d have to carry some of the debt, just as the Scots would have.

But this is a velvet breakup, between ourselves and the UK we’ll agree a figure and then work together along with the EU, imf etc to make sure that it’s manageable to work down in a way that doesn’t damage Ireland’s ability to access the markets etc.
 

General Urko

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We want some of the assets, we’d have to carry some of the debt, just as the Scots would have.

But this is a velvet breakup, between ourselves and the UK we’ll agree a figure and then work together along with the EU, imf etc to make sure that it’s manageable to work down in a way that doesn’t damage Ireland’s ability to access the markets etc.
What Assets? 1.8 Million Roma would have more to offer!
 


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