The Economic Implications for the United Kingdom of Scottish Independence

Download or read book The Economic Implications for the United Kingdom of Scottish Independence written by Great Britain: Parliament: House of Lords: Select Committee on Economic Affairs and published by The Stationery Office. This book was released on 2013-04-10 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: The report The Economic Implications for the United Kingdom of Scottish Independence (HL 152) examines the effects on the United Kingdom economy should the Scottish people vote in favor of independence in 2014, creating an independent Scottish state. The decision the Scots will have to make is not a simple one. It will have far-reaching constitutional, political and social, as well as economic consequences. This report considers a number of economic aspects of separation, including: impact on the single market in the UK; international investment in Scotland; location implications for medium and small companies; Scotland's currency; the role of the Bank of England if Scottish financial institutions needed emergency support; regulation of Scottish financial institutions; division of assets and liabilities; underlying fiscal position of Scotland post-indepen