Scottish Leader Downplays Independence Talk, Seeks to Build Power Base

Scotland’s First Minister Nicola Sturgeon on Thursday played down the chances of a second independence referendum anytime soon, instead urging her nationalist party to build up its power base before elections next year.

Sturgeon opened her Scottish National Party’s annual conference with a speech designed to shift the focus away from the prospect of another referendum after last year’s failed independence bid and onto expanding the party’s power base.

Scots rejected independence by 55 percent to 45 in a hard-fought referendum last September. But support for the SNP has surged, raising hopes among some members that a second vote on breaking more than three centuries of union with England could come within a few years.

“I believe with all my heart that Scotland should be an independent country. But I respect the decision that our country made last year,” Sturgeon told party activists in the Scottish city of Aberdeen.

Sturgeon reiterated her position that no one should stand in the way if Scotland wanted another a second referendum, but that it would require a sustained shift in public opinion or a major event like Britain leaving the European Union.

Before elections to Scotland’s devolved parliament in May, Sturgeon wants to capitalise on collapsing support for Britain’s main opposition Labour Party by promoting an anti-austerity agenda to challenge the ruling Conservative Party.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam