Voters in Scotland will decide on Thursday whether to continue a 307-year partnership with England or declare independence from the United Kingdom. How did a seemingly fruitful union reach the breaking point?
Business leaders and economists worry that an independent Scotland will not be able to prosper alone: its economy relies on revenue from North Sea oil, which has been falling sharply, and its per capita government spending is higher than the rest of Britain.
Scotland would not be able to use the British pound as its currency. And it would be “extremely difficult, if not impossible” for Scotland to join the European Union.
Major financial institutions such as the Royal Bank of Scotland and Lloyds Banking Group, and the insurance giant Standard Life, have indicated they would move their registered offices from Scotland and incorporate in England.
Around two thousand Londoners gathered in Trafalgar Square early on Monday evening in an effort to persuade Scots to reject independence when the country goes to the polls on Thursday.
The European Union has 18 Countries, big and small. The world is moving together and that would be the outcome.
Scotland will stay in the UK. Just a thought.
No comments:
Post a Comment