Scots Independence Warnings No Scaremongering, Cameron Says

Warnings to Scotland about the consequences of voting for independence are based on reality and are not threats, U.K. Prime Minister David Cameron said.

The British government has said an independent Scotland wouldn’t be able to form a currency union with the rest of the U.K. and wouldn’t be guaranteed its place in the European Union. Scotland holds a referendum on Sept. 18.

“You shouldn’t make a decision about changing your nation without knowing in full what the consequences may be,” Cameron said in a speech to the Scottish Conservative Party conference in Edinburgh today. “The idea that these are empty warnings and political scaremongering is a myth. We owe it to the people of Scotland to take that myth apart.”

Polls show more people want to keep the U.K. intact than break it up, though in most there are enough undecided voters to make it too early to predict the result. The gap over the past six weeks ranged from seven percentage points to 26 points.

Cameron said the nationalists were wrong to dismiss warnings on the currency and the EU as “just a big conspiracy from south of the border.” He cited comments from companies such as BP Plc (BP/), Royal Dutch Shell Plc (RDSA) and fund manager Alliance Trust Plc in favor of Scotland remaining in the U.K.

“These are not political puppets, they are serious, non-partisan figures,” he said.

He urged his Conservative Party, which has just one Scottish member of the U.K. parliament, to help persuade voters to keep the status quo.

“There will be no going back, no second chances,” he said. “We face a monumental battle to keep the U.K. together.” For Related News and Information:

To contact the reporter on this story: Rodney Jefferson in Edinburgh at r.jefferson@bloomberg.net

To contact the editors responsible for this story: Heather Harris at hharris5@bloomberg.net Andrew Atkinson, Alan Crawford

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