No Economic Case For Scottish Independence

There is no economic case for breaking up the United Kingdom, British Prime Minister Theresa May said on Friday, in a speech attacking Scottish nationalists for being “obsessed” with independence.

Since last year’s Brexit vote, Scottish National Party leader and Scottish First Minister Nicola Sturgeon has repeatedly said she could push for a new independence referendum if the country is forced into a clean break with the bloc.

“The economic case for the union has never been stronger,” May told her Conservative Party’s Scottish conference in Glasgow. “There is no economic case for breaking up the United Kingdom, or of loosening the ties which bind us together.”

Reuters

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.