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Saturday 13 September 2014

Scottish Independence: Business Row Marks Weekend Campaign.

A row over the intervention of business leaders and banks in the Scottish independence debate has intensified on the final weekend
of campaigning.
First Minister Alex Salmond said the Scots would not be "bullied" by oil companies, supermarkets or London.
It comes as chief economist at Deutsche Bank David Folkerts-Landau said voters and politicians had failed to grasp the negative consequences of independence.
Meanwhile, a Guardian/ICM poll put the "No" vote at 51%, with "Yes" on 49%.
On Thursday evening a YouGov opinion poll was published suggesting that the "No" campaign was leading by 52% to 48%, once undecided voters were excluded.
The Yes Scotland campaign claims that over the weekend there will be more than 35,000 volunteers at 473 registered street stalls trying to persuade people to vote for independence.
They say that 2.6 million "Yes" leaflets will be delivered in 48 hours.
Scotland's Deputy First Minister, Nicola Sturgeon, said: "The 'Yes' campaign has been carried along by a flourishing of self-confidence among people in Scotland.
"That momentum is still growing and will soon become unstoppable, as people reject the Downing Street-orchestrated campaign to talk Scotland down.
"Today thousands of Yes supporters from communities across Scotland will be running the biggest campaign day of action Scotland's ever seen."
The bosses of three retail groups have put their names to a letter in the Daily Record, in which they claimed their costs would rise in an independent Scotland and they would have to take "the difficult decision" whether or not to pass those on to consumers.
The letter, signed by the heads of Marks and Spencer, B&Q owner Kingfisher and Timpsons, read: "Within our group there is first-hand experience of trading across national borders - in France, Ireland and across the world.
"Our experience is that it always leads to more red tape and higher costs."
However Tim Martin, the boss of pub chain JD Wetherspoon, said on Friday: "Scotland could do very well on its own".
Police complaint Ahead of the final weekend of the campaign, Mr Salmond has renewed his complaint that the Treasury broke ministerial rules when it confirmed to journalists that the Royal Bank of Scotland (RBS) planned to relocate its registered headquarters from Edinburgh to London in the event of a "Yes" vote.
He has written to Sir Jeremy Heywood, the UK's most senior civil servant, asking "which minister or official authorised the release [of the information about RBS]" and "at what time the information was released".
BBC economics editor Robert Peston said he had been told the Treasury briefed journalists about the plans to potentially move to London before the board of RBS had formally approved the decision.
Our correspondent said that when journalists were emailed on Wednesday evening by the Treasury, to tell them about the relocation plans of RBS and Lloyds, RBS's board "was still meeting" to decide whether to tell shareholders the following morning.
He said sources had told him they did not believe it was a case of market abuse, or the illegal release of price sensitive information, because the UK and US stock markets were shut at the time of the briefing.
Police Scotland have confirmed they have received a complaint from RBS shareholder Peter de Vink, a supporter of independence for Scotland, alleging the UK government leaked market-sensitive information about the bank.
Mr de Vink said Downing Street "has been behaving like a dictator in a banana republic," adding that the UK government's behaviour was "a total affront to democracy".
He said he had written to Scotland's senior prosecutor, the Lord Advocate as well as Police Scotland, the City of London Police and the Financial Conduct Authority.
Source:CNN

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