300 years ago, Scotland was forcibly assimilated to the Great Britain. Since then Scotts has been fighting to control back. In 2011, the Scottish Nationalist party won in their elections and catalyzed today’s referendum (Britannica). Alex Salmond, Scottish first minister, asked for a vote: to gain independence, or to have more power for Scotland.

I strongly believe that Scotland should not separate from United Kingdom. Scotland does not have the assets to back up their created currency. Their main revenue source of oil will eventually run out. If they keep the sterling pound, they cannot set their own interest rates, they will rely on Bank of England to help them bale out from potential financial troubles. Scotland will also have trouble raising bonds unless it has a large surplus; and if they cannot they will have to raise taxes instead to continue funding public services, or to simply cut them out. Many financial institutions owned by UK are located in Scotland and they may uproot and move out of Scotland; this will cause an increase in unemployment rate in Scotland.

Scotland will not collapse should they separate, but life will become very difficult. Therefore for economic sense, Scotland should chose to stay with UK even though they have a very nationalistic sentiment for having their own country.

Source: http://www.bbc.com/news/uk-scotland-scotland-politics-29231440

http://www.britannica.com/EBchecked/topic/767259/Scottish-National-Party-SNP

Image: http://news.bbcimg.co.uk/media/images/77652000/jpg/_77652334_023937313.jpg