That’s the headlines from the media. I’m no banking or high finance expert, so let’s think about this.
1. Any company that did not have a contingency plan in the event of a “yes” vote would not be a company worth investing in. And as these banks operate in many countries, re-jigging their headquarters and sorting out the legal paperworks is sensible.*
2. The threat of shifting to London sounds like they plan to close all the offices in Scotland and move south. Really? Shift the jobs to an expensive London? Why increase their running costs so pointlessly?
3. If they did, then other companies and banks would move in for the custom here in Scotland. Remember how much wealth we have here, and it’s not just the oil.
4. Removing these casino banks from Scotland would mean we could return to old style banking, where we don’t live beyond our means.
These co-ordinated scare stories are coming out now because they have woken up to the real risk that we could vote ‘Yes’ in Scotland after all. An independent Scotland would cut off the cash cow that feeds the establishment, their cronies, and the land-owning English Lairds (PS I’m English, before you raise the ant-English point). After all, if Scotland was so poor, why the sudden rush to frighten us to vote ‘no’?
The BT bunch would have us convinced that Scotland would be the only country in the world that couldn’t work out a currency, manage our money, look after our own resources. Nonsense. It won’t be plain sailing, but it will, in the end, be for the benefit of Scotland, and the rest of the UK when they realise what is happening.
*Except the UK government seems not to have any plans in place – who would trust a government that can’t plan ahead, even ‘just in case’?