Scotland votes as City predicts 'decade of decline'
18 Sep 2014
63% of leading institutional directors believe Scotland’s economy will suffer for 10 years following a separation from the rest of Britain, as Scottish voters attend the polls.
The findings were published by The Telegraph from a survey conducted by spread-betting firm Capital Spreads, who canvassed over 200 fund managers in Britain. Only 3% believe that Scotland’s economy would be stronger if they achieved independence.
Of those surveyed, 58% believe that without Scotland the UK economy would be stronger in 10 years, growing slowly more optimistic. Head of trading at Capital Spreads, Nick Lewis, 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’.
One third of fund managers believe the UK economy will turn out weaker following Scottish independence.
Meanwhile, Alex Salmond, Scotland’s First Minister, wrote: ‘Despite Westminster’s efforts, we’ve seen a flourishing of national self-confidence.
‘It’s this revival in Scottish confidence that tells me we’ll make a great success of an Independent Scotland’.