Scotland's Vote Settles Nothing

The independence campaign has set forces in motion that will push Scotland and England further apart.
Staying together -- but not really.

U.K. Prime Minister David Cameron is a happy man right now. If he'd lost the union through sheer carelessness, which looked possible last week, history would have been unforgiving. Had the Scots voted for independence, the poor man would have ranked for all time, beyond hope of redemption, below Neville Chamberlain in the gallery of Great British Failures. Congratulations, sir: Your reputation is damaged but retrievable.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.