Sturgeon Draws Brexit Red Lines

Scotland is putting forward plans to remain in Europe’s single market after vowing to seek independence from the U.K. should its voice be ignored in Brexit talks.

First Minister Nicola Sturgeon on Tuesday will detail her semi-autonomous government’s red lines on keeping access to free trade and labour as the U.K. heads into talks on withdrawing from the European Union next year. She reiterated at the weekend her stance on calling for a fresh vote on breaking away from England and Wales if Scotland’s demands aren’t met.

“Losing our place in the single market would be potentially devastating to our long-term prosperity, to jobs, investment and people’s livelihoods,” Sturgeon said in a statement before the publication of a Scottish government paper on the issue. “Our proposals deserve full and proper consideration.”


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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.