A “yes” vote in Scotland’s referendum will trigger a property market crash?

Dr Alf's Blog

The Bank of England in Threadneedle Street, Lo... The Bank of England in Threadneedle Street, London. Deutsch: Sitz der Bank von England in der Londoner Threadneedle Street. (Photo credit: Wikipedia)

Scottish voters need to consider that a  “yes” vote in Scotland’s referendum may well trigger a property market crash!

Scotland is not economically viable without the UK and a crisis will quick follow:

  • Major businesses will leave Scotland or charge higher prices
  • Smart Scots will vote with their feet and head for the UK, Australia, Canada or the US, or other countries if they have language skills
  • Scottish banks will be immediately under pressure and dependent upon the mercy of the Bank of England, so borrowing for individuals and businesses will be rationed
  • Stock markets and Sterling will probably crash after a “yes” vote – the money is already leaving the UK in panic – look at the evidence!

Without economic confidence, uncertain jobs and a shortage of…

View original post 268 more words

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About Standard Climate

Interested in all things about the Planet.
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