Experienced Investor
‘Decade of economic decline’ predicted for independent Scotland
An independent Scotland would result in its economy struggling for at least ten years, a poll of leading fund managers has said.
The Telegraph reports just 3% of those polled believed Scotland would have a stronger economy one year on from a split. The poll of more than 200 fund managers came out strongly in favour of keeping the union together.
However, should Scotland vote ‘yes’ many said it would eventually benefit the rest of the UK. Some 58% thought the UK economy would be stronger in ten years without Scotland, the report added.
Nick Lewis, head of trading at Capital Spreads who commissioned the poll, said: “City investors believe that the UK would be ‘Better Apart’ from Scotland, which will give food for thought. Fund managers have cast their votes already and are coming out strongly against Scottish independence.”
About a third of fund managers surveyed thought the UK economy would suffer if Scotland became independent.
Voting in the historic referendum has started. Voters will answer ‘yes or ‘no’ to the referendum question: “Should Scotland be an independent country?”
