WHY A DIVORCE FROM SCOTLAND COULD BE THE RUIN OF US ALL Mortgages up. Pensions down. The pound in your pocket worth 90p - and you'll even have to pay more for water. A top economist explains

[...]the Bank of England has admitted that it has underestimated the impact of a weaker pound on import prices. GIVEN that 70 per cent of Scottish trade takes place within our shores, companies that have interests on both sides of the border, or rely on cross border trade, would be especially hit in...

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Bibliographic Details
Published inMail on Sunday
Main Author Memon, Adam
Format Newspaper Article
LanguageEnglish
Published London (UK) Solo Syndication, a division of Associated Newspapers Ltd 07.09.2014
Subjects
Food
Households
Mortgage rates
Prices
Rating services
United Kingdom > UK
Scotland
Russia
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Summary:[...]the Bank of England has admitted that it has underestimated the impact of a weaker pound on import prices. GIVEN that 70 per cent of Scottish trade takes place within our shores, companies that have interests on both sides of the border, or rely on cross border trade, would be especially hit in equity and bond markets. [...]an independence-induced recession in Scotland would hit stock markets in London and Edinburgh with painfully inevitable consequences for investment and confidence.