As America’s July 4 celebrations get underway, it might not be long before Scotland has its very own independence day. Scots will vote on whether the region should quit the U.K. in just 75 days, but British lawmaker George Galloway warned that breaking away would result in a “race to the bottom”.
Maverick politician Galloway, an MP with the extreme-left Respect Party, told CNBC that the prospects for working people would be reduced in both Scotland and England if the countries split.
“There will be a race to the bottom. Cutting costs, taxes, expenditure and regulation. And that’s not in the interest of workers,” he said. “It seems to me a great pity to tear it asunder in the interests of no one that I can see except the petty nationalist politicians.”