Saturday, 2 August 2014

Standard Life could leave independent Scotland – threatening 5,000 jobs, Daily Express



Labour leader Johann Lamont accused the First Minister of “denial, deception and delusion” after Standard Life confirmed it may flee south of the Border in the event of a Yes vote.

The financial giant, which employs about 5,000 people in Scotland, said it was drawing up contingency plans amid doubts over a breakaway country’s currency and EU membership.

The Edinburgh-based pensions, savings and insurance firm also raised concerns about future financial services regulation and taxation.


And, in another setback for the SNP, RBS used its full-year results to warn that uncertainty over the referendum is already damaging business. The state-owned bank also claimed a vote for independence would “significantly impact the group’s credit ratings” which could be passed on to mortgage and loan customers.

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