Tuesday, 29 July 2014

Economic crisis which will hit independent Scotland will 'dwarf' 2008 crash, Treasury minister Danny Alexander warns Daily Mail.

Lib Dem Treasury minister Danny Alexander warned the 2008 economic crash would be 'dwarfed' by the impact of independence


  Lib Dem minister sounds the alarm over impact of Scotland leaving the UK

  Voters will have their say in independence referendum on September 18

  Scotland will lose its £300million-a-year share of the UK's EU, expert claims

  Yes campaign still lagging in the polls with barely 50 days to go 

Scotland will be plunged into a deeper economic crisis than the 2008 crash if it breaks away from the UK, Danny Alexander warned.

The Lib Dem Treasury minister said the devastating financial collapse which took Royal Bank of Scotland to the brink would be 'dwarfed' by the impact of independence.

It came amid claims Scotland will lose its £300million-a-year share of the UK's EU rebate if it votes for separation.

The economic challenge an independent Scotland would face were laid bare with a fresh warning about its £300million-a-year share of the EU rebate.

Professor Carlos Closa of the European University Institute in Florence said Alex Salmond has no right to the UK's hard-won windfall.

The First Minister had claimed the rest of the UK and a newly separate Scotland would share the rebate in the event of independence.

But Professor Closa has become the latest expert to dismiss the idea. 'There is no right to a rebate. It is just something the UK has negotiated,' he said.
Gordon Brown has warned that losing the rebate would cost the Scottish Government £20billion over seven years.


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