Will Scotland Leave UK and Become a New Country?

Will Scotland Leave UK and Become a New Country?

LONDON — The speeches have been made, the analysis papers written and debated, and both sides have stumped their hearts out. Now it’s time for Scotland to decide.

Voters Thursday will choose whether Scotland continues its union with England that has endured more than 300 years or forge into full independence, becoming the 31st country formed since World War II.

On his final visit to Scotland before the historic referendum, British Prime Minister David Cameron addressed supporters of his Conservative Party in Aberdeen, the epicenter of Scotland’s $36 billion oil industry.

“Independence would not be a trial separation,” Cameron said there this week, his voice at times full of emotion. “It would be a painful divorce.”

Cameron could go down in history as presiding over the loss of one-third of the United Kingdom’s land mass, 8% of its population, about 10% of its tax revenue and an incalculable amount of cultural and intellectual capital.

“I speak for millions of people across England, Wales and Northern Ireland, and many in Scotland, too, who would be utterly heartbroken by the breakup of our United Kingdom,” he said.

In the book How the Scots Invented the Modern World, the American author and historian Arthur Herman wrote about the disproportionate role played by tiny Scotland — population 5.3 million — in shaping the modern era, from markets to politics to science. With the vote three days away, polling shows the balloting is too close to call.

Queen Elizabeth, President Obama, Pope Francis, the Bank of England, the European Union and even Harry Potter author J.K. Rowling have urged caution against seceding from England, Wales and Northern Ireland. On Monday, the Organization for Economic Cooperation and Development cited Scotland’s potential independence as one of a number of geopolitical risks that may affect global growth.  Read More: http://www.usatoday.com/story/news/world/2014/09/16/scotland-independence-campaign-final-stretch/15705717/

 

Why would the Bank of England, the equivalent of the USA Federal Reserve, be against it?    Central Banks are private banks that are given a monopoly on manufacturing money by the government.  A rather appealing business, morals aside.  This is a threat to the size of the monopoly, for the Bank of England.

 

For more info: http://en.wikipedia.org/wiki/Scottish_independence

 

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