, Columnist
Where Is the Economic Case for Scottish Independence?
There’s uncertainty of what self-rule would look like, and how it would be paid for.
Making a case.
Photographer:Andy Buchanan/AFP
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Getting a touch ahead of events, the New York Times noted last week that the recent electoral victories of the Scottish National Party could lead to “the biggest blow to a British prime minister since Lord North lost the colonies in America.”
The markets took a different view. In Monday morning’s trading, after the election results were clear, sterling rose against the dollar and the euro — a vote of confidence in a U.K. economy that is bouncing back quickly thanks to a successful vaccine rollout.