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In reply to the discussion: RBS will leave Scotland if voters back independence [View all]Adrahil
(13,340 posts)Most of those banks do the majority of their business in the south, and more importantly they do their business in the Pound Sterling.
And relocation doesn't mean they would renounce their Scottish business interests. But an independent Scotland would be facing a lot of uncertainty? Could they remain in the EU? What will they use as a currency? What kind of cross-boarder arrangements could be made with England? What will be the country's financial base in the coming years.
It's not that these things challenges can't be met, but with an iffy economy, where would you rather be? In a more or less secure financial environment, or in an environment fraught with uncertainty?
As for Texas.... I'm not saying if it would be a good thing, or a bad thing. But I do think a seceding Texas would see a lot of capital flight.