Businesses and academics warn country would be plunged into turmoil Scotland would join the list of impoverished European countries Another says there would be 'utter panic' if voters back independence Finance experts, academics and business leaders have raised fears that independence would destroy the economy, hit investment and force companies to migrate to England. In an unprecedented survey that will prove devastating for the SNP, analysts believe a Yes vote in the referendum could lead to the loss of thousands of jobs and plunge the country into turmoil. One finance insider suggested Scotland would be added to the list of impoverished European countries left on their knees. Another said there would be 'utter panic' among finance firms and several warned of a 'disaster' for Scotland. The findings are particularly humiliating for Deputy First Minister Nicola Sturgeon, who yesterday predicted the economy would be the key battleground in the referendum campaign. Vote No
Tarquin will be livid At least the twee capital of scotland will continue to thrive on sales of kilts, shortbread, haggi and whisky. Hoots mon!!
One of the main results of an SNP victory in the referendum would be the loss of companies - and jobs - to England, several experts said. Keith Wade, chief economist of asset management firm Schroders, commented: 'When combined with the considerable uncertainty over whether Scotland can remain in the EU, Scottish business would start to head south.' David Owen, chief European financial economist with investment firm Jeffries, said: 'Scotland is likely to see an ongoing loss of business as it migrates south of the Border.' Andrew Hilton of the Centre for the Study of Financial Innovation warned: 'If there were a Yes vote there would be utter panic - with the Scottish fund managers heading for the Border in droves.' Neville Hill of Credit Suisse bank said: 'The flow of direct and portfolio investment, as well as some bank deposits, south of the Border would provide Scotland with a nasty negative monetary shock.'
Farmers are overwhelmingly set to reject independence, according to a survey. Scots Lib Dem MEP George Lyon received 2,000 replies to a study he conducted, with 72 per cent of respondents supporting the Union. Three-quarters of farmers expressed concern about the impact separation could have on EU agricultural subsidies. Four-fifths said uncertainty over currency would harm their businesses, while 72 per cent feared separation would make it difficult to sell produce in the rest of the UK. Mr Lyon said: 'Everyone wants to see a thriving Scottish rural economy, but if you look at the real positives we get from the UK market, from our place in Europe and our trade links overseas, our farmers can achieve more as part of the UK family.
Ray Barrell of Brunel University in London warned that independence 'is the introduction of a new border. That is likely to reduce Scottish GDP by 3 per cent, and English GDP by 1 per cent'. You have a lot more to lose than us.
Not at all my good man. Better Together mark the year of the independence referendum with a YouGov survey showing 61 per cent of Scots want to remain part of the UK. I'd like to see the figure rise to 75% over the next 8 months.
I'd rather prop up South England than prop up the work shy malingerers in The Central Belt. Salmond is getting shafted by The Aberdeen Council. And they are a bunch of cocks. Just shows what a twat Salmond is
^^^^^^^^^^^^^^^^^^^^^^ Beelin. beelin, beelin As usual no counter argument just resorting to personal insults.
Beel can be measured by the number of caret symbols used. ER's heading for total cardiac arrest. His death will be celebrated the length and breadth of Union Street.
To the Yes camp: I know you want independence, but how many of you truly believe it will happen this year?
Bristol has one of the lowest unemployment rates in the country and has experienced the highest growth in disposable income, according to a new report. The average salary of an employee working in the city is £22, 293 – above the UK average of £21,473, and the third highest of the 12 largest UK cities.
Yup. The Central Belt will ban unimagineable burden on the rest of Scotland if we go independent. I'm not shelling out for the lazy ****in *****s in the likes of Edinburgh and Glasgow. **** 'em.
