Latest editorial
Banking analysts predict post-independence crisis for Scotland
SCOTLAND’S overweening banking sector could leave the country “devastated” by a post-independence economic crisis, industry analysts have claimed.
The Scottish government yesterday recoiled at figures from trade publication The Banker warning that an independent Scotland could be critically exposed to a repeat of 2008’s financial meltdown, with banking assets around a dozen times the size of Scotland’s entire GDP.
Britain’s banking sector controls assets worth £5.8 trillion, roughly four times the size of GDP.
Similar stories
DOUG NICHOLLS says the parasitic finance markets must be challenged or another British government could be toppled
Trade unions call for windfall tax hike to fund social energy tariff to public’s energy bills
