Friday, March 28, 2014

Little Scotlanders get Some Financial Industry Allies

A group of Scottish financiers came out in support of independence on Thursday to counter a flood of warnings over Scotland going it alone, cautioning that staying within the United Kingdom could mean losing European Union membership.

George Mathewson, former head of the Royal Bank of Scotland and chairman of Toscafund, and five other current and former Scottish financial players raised the possible risks of remaining in the United Kingdom in a letter to a newspaper.

Their positive view of a solo Scotland comes after a string of banks and financial services companies raised concerns over a vote for independence at a referendum on September 18, citing uncertainty over the currency, regulation and EU membership.

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