Fear of Scottish independence behind Glasgow’s £500m boost from Treasury says Sturgeon July 3, 2014 Scotland’s deputy first minister Nicola Sturgeon has played down a £500m funding announcement by David Cameron, suggesting the money is in response to the threat of Scottish independence, an outcome the Prime Minister is keen to avoid. Cameron announced Glasgow as the first Scottish city to win a sought-after city deal with the Treasury yesterday, [...]
Ships ahoy as Silicon Valley Bank sets sail for Independence Day summer party July 3, 2014 Silicon Valley Bank UK’s boss Phil Cox may hail from Cornwall rather than California, but he’s still keen for the bank’s British employees to celebrate the 4th of July in style. Employees at the Lothbury branch of the bank will be setting sail on a cruise along the Thames this evening for the outfit’s aptly-timed [...]
Scottish independence will work as currency competition laboratory – Australian central bank staffer July 2, 2014 If the Scots vote for independence this September, the country could be a testing ground for currency competition, according to the Reserve Bank of Australia's assistant governor, Guy Debelle. But Debelle cautioned today that private issuance of competing currencies in Scotland has been tried before, and while it worked well for a spell, was [...]
Scottish independence savaged by Ed Miliband in plea for progressive Britain June 27, 2014 Ed Miliband has pleaded with Scottish voters to reject independence and work for a progressive change throughout the UK in a bid to shore up Labour support before the 2015 general election. Speaking to an audience in Edinburgh, the embattled Labour leader said: "Scotland has always thought big. And the way to think big in [...]
BoAML: Scottish independence would boost growth in rest of the UK June 9, 2014 As the Scottish independence referendum looms, Bank of America Merrill Lynch (BoAML) have out a 31-page report on the investment implications of a "yes" vote. The pro-independence campaign has been gaining momentum, as the pro-union side's lead has narrowed from 15 percentage points at the start of the year to just three in a recent [...]
Why Scottish independence would be costlier than the nationalists believe May 29, 2014 ON 18 September, the Scottish electorate will vote on whether to secede from the UK. Although supporters of the Union may be reassured by polls suggesting that break-up will not happen, this should not be taken for granted. And both sides have not properly analysed the economic consequences if the Scots do vote to leave [...]
Former NATO secretary general says Scottish independence would be “cataclysmic” April 8, 2014 Scottish independence would be "cataclysmic" for the West and would be celebrated by Britain's enemies, according to the former secretary general of Nato, Lord Robertson. Speaking at the Brookings Institute, Lord Robertson said global stability could be threatened by a "debilitating divorce" between the UK and Scotland. Taking the debate over independence well beyond the [...]
Scottish independence could impact results says Centrica March 27, 2014 Energy giant Centrica has warned of the consequences of a yes vote in Scotland's independence referendum as well as political interference in the energy market. The company made the comments in its annual financial report for the year to 20 February 2014. In the event that Scotland became independent parts of Centrica's upstream assets would [...]
BAE Systems raises concerns over Scottish independence March 20, 2014 Defence giant BAE Systems has announced a profit before tax of £422m for the year ended 31 December. The figure is significantly down from the £1.2bn the company enjoyed last year. The company had a one off impairment charge this year relating to the accounting of goodwill in parts of its US business – that [...]
The big independence lie: Why Scotland could keep the pound March 11, 2014 Truth is usually the first casualty of political battles, as it is of war. I believe that Scotland and England are individually stronger for being part of the UK, but 25 years in currency markets tell me that the No campaign’s argument that Scotland cannot keep the pound is false. It would certainly be a [...]