Weir Echoes RBS by Refusing to Commit to an Independent Scotland
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Weir Group Plc said it couldn’t guarantee keeping its Glasgow headquarters if Scotland becomes independent, following threats by the Royal Bank of Scotland Group Plc and Standard Life Plc to move operations out of the country if it breaks with the U.K.
The engineering company wouldn’t commit to the country “without knowing the answer to simple questions like ‘What will the currency arrangements be?’ ‘What will the tax regime look like?’ ‘Will Scotland remain a member of the EU?’,” Chief Executive Officer Keith Cochrane said in a speech in Glasgow yesterday.