At the time, the 2014 referendum was seen as a “once-in-a-generation opportunity” to settle the question: “Should Scotland be an independent country?”. The No-vote won by 55% to 45%. However, with one week until the 2021 Scottish Parliament election next Thursday, 6 May, the debate around a second referendum is firmly back on the political agenda.
Yesterday, our policy team hosted a video webinar to assess the politics and some key potential impacts for business and investors. Our experts were joined by James McBride, Partner at Forefront Advisors (the public affairs division of Hanbury Strategy), who assessed the political outlook for a second referendum and Scottish independence.
Our experts also looked at the international law implications of Scottish independence as well as some of the key implications for trade, the energy sector and financial services. They also considered the issues associated with Scotland (re-)joining the EU and its choice of currency.
The webinar is available on demand here.
We have produced the following materials, also available on our new Scottish Independence hub, considering key issues relevant to business and investors:
- Routes and obstacles to a second Scottish independence referendum
- International law implications
- EU membership: Process and implications
- Consequences for trade
- Currency: Choices, issues and implications
- Implications for financial services
- Implications for Great Britain’s single energy market, renewables and net zero
- Implications for the North Sea oil and gas sector
- Contracts and other obligations
- Employment and pension law implications