Scotland Independance

On Thursday, September 18th, Scotland voted no to independence, choosing to instead stay in the United Kingdom.  Over the last few days of the campaign, leaders from both sides were fighting to get the undecided to vote for them.  In the end, the no side won with a decisive 55% of the vote.  Many believe the reason why the no side won, was peoples fear of what would happen if Scotland declared independence.  Fears of Scottish banks and business moving to England, as well as Scotland being kicked out of the EU, changed many peoples vote to stay with the UK.  For example, an oil chairman from a Scottish based company said they would relocate to England if Scotland declared independence.  Days before the referendum, UK leaders made promises to the Scotland, saying they would give them more power over taxes and welfare.  This was seen as the biggest factor in the vote, and now Scottish independence leaders are wondering if this power will come to fruition. Recently Scotland had been growing at a slow rate leading up to the referendum, but firms are now set to invest again, given the stability of the Scottish and UK economies..  Scotland is now in a position to move forward, which will benefit everyone economically throughout the United Kingdom.

Sources ,

http://www.theglobeandmail.com/report-on-business/international-business/european-business/scotlands-no-vote-doesnt-guarantee-investment/article20714022/

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