United Kingdom

Scottish Independence

Scottish public finance gap rises to 9.5 percent of GDP


EDINBURGH Scotland's fiscal deficit stood at about a tenth of its economy in the year to March 2016, hammered by a slump in oil and gas revenues and potentially dampening arguments for Scottish independence.


Scottish economy to see 2-11 billion pounds Brexit hit, government says 23 Aug 2016

EDINBURGH Leaving the European Union will sap Scotland's economy by between 1.7 and 11.2 billion pounds ($14.76 billion) by 2030, depending on which new trade relationship Britain chooses, the Scottish government said on Tuesday.


RBS says main office would move if Scotland were independent - BBC 15 Aug 2016

EDINBURGH Royal Bank of Scotland would move its main office from Scotland if the nation were to split from the UK after Britain's vote to leave the European Union, although moving domicile would not mean major job losses, the head of RBS has said.


Scotland's Sturgeon makes surprise visit to Germany 09 Aug 2016

BERLIN/EDINBURGH Scottish First Minister Nicola Sturgeon met the deputy foreign minister of Germany on Tuesday, seeking to strengthen her ties with Europe's economic powerhouse in the wake of Britain's vote to leave the EU - a move Scotland overwhelmingly rejected.


RBS losses and costs mount as Brexit fallout looms large 05 Aug 2016

LONDON Royal Bank of Scotland reported wider first-half losses, 1.3 billion pounds of new litigation charges and axed plans to turn its Williams & Glyn business into a stand-alone bank on Friday as it braces for post-Brexit shocks to the UK economy. | Video


George Hay

Scots 'No' still leaves UK in limbo

The vote against secession in a landmark referendum reduces many risks: financial instability, a UK exit from Europe and a sharp fall in trade. But the bribe to 'No' voters of more devolved powers creates other dangers – including a weakening of the union.  Full Article