All eyes will be on Scotland this week.
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It’s only a referendum vote. Regardless of the voting results, Scotland will still be in the UK.
Think of it like if the US had a referendum on the 2014 ballot to remove Obama and his administration. The majority vote of “YES” wouldn’t change anything until he’s gone in 2017.
That’s not what I’m hearing.
I guess we will all know for sure if there is a yes vote.
Every source I have heard said the opposite of what you are saying. My understanding is all they have to do is vote yes next week.
Here are some link ans quotes. Yeah man it’s the real deal. They may called it a “referendum vote”, but I would not read too much into it.
Why would all these banks leave then? Please see links and quotes below.
For example, a couple of large banks have attempted to sway the vote during this past week by publicly declaring that they will have to move to England if the vote for Scottish independence is successful…
http://www.nytimes.com/2014/09/12/world/europe/alex-salmond-urges-yes-vote-on-independence.html?_r=1
“The Royal Bank of Scotland announcedThursday that it is making contingency plans to move its legal incorporation to England in the event of a “yes” vote. In addition, Lloyds Banking Group said it had made arrangements to establish “new legal entities” in England should voters in Scotland decide to sever ties with Britain.”
http://dealbook.nytimes.com/2014/09/11/two-banks-say-theyll-move-if-scotland-votes-for-independence/
he division would hand the Scots about 96 percent of annual oil production and 47 percent of the gas, according to estimates for 2012 by the University of Aberdeen’s Alex Kemp and Linda Stephen cited by the Scottish government.
http://www.bloomberg.com/news/2014-09-11/scotland-separatists-claim-u-k-oil-in-40-year-campaign.html
In fact, if there is a yes vote for Scottish independence it is being projected that the value of the British pound will fall substantially and we could see a “negative shock” in British financial markets…
Adam Memon, the head of economic research at the Centre for Policy Studies, said: “The principal immediate threat would be to sterling and the stability of the financial markets. The recent selloff is a mere warning of what may come if the Scots actually do vote for independence.”
Threadneedle Investments said: “Given the constitutional and economic uncertainties attached to a potential break-up of the UK, a vote for independence would be likely to deliver a negative shock to UK financial assets and lead to meaningful currency weakness.”