UK PM Says Scotland Depends on UK For Millions of Jobs

The UK is “an economy of opportunity” which supports one million Scottish jobs, David Cameron is to tell business leaders.

The prime minister will address the CBI conference later, calling the UK one of the “most successful single markets”.

The speech takes place in the final weeks of the referendum campaign.

Scottish First Minister Alex Salmond challenged Mr Cameron to name a single job-creating power certain to come after a “No” vote.

In his address to the employers’ organisation, Mr Cameron is expected to say: “This is one of the oldest and most successful single markets in the world.

“Scotland does twice as much trade with the rest of the UK than with the rest of the world put together – trade that helps to support one million Scottish jobs.”

He will add: “This success doesn’t happen by accident. It happens because of the skill of people in Scotland and the opportunities that come from being part of something bigger.

“A large domestic market, underpinned by a common currency, common taxes, common rules and regulations, with no borders, no transaction costs, no restrictions on the flow of goods, investment or people. Ours really is an economy of opportunity.”

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza