#UK: `Fight for an `Independent Scotland' will come at a price and that price as always is `Business First '

#AceUKNews says according to the report in the Telegraph the well known insurance company `Standard Life’ is making provisions to quit Edinburgh should Scotland become independent and decamp to London England.

The insurance, savings and pensions giant confirms it is drawing up contingency plans to move operations from its Edinburgh headquarters if there is a Yes vote in September, while RBS also warns independence would damage its business.

Although the firm insisted in its new annual report it was not taking a stance on Scottish independence, it said the planning was necessary to protect customers and shareholders.

It is understood this could involve moving its headquarters from Edinburgh to London.

In a double blow to the Nationalists, RBS used its full-year results to warn that uncertainty over the referendum is already damaging its business and a vote for separation would be “likely to significantly impact the Group’s credit ratings”.

Among the “material issues” Standard Life said was behind its decision were uncertainty over a separate Scotland’s currency, membership of the EU, monetary system, arrangements for financial services regulation and approach to individual taxation.

#ANS2014

#edinburgh, #london, #rbs, #scottish-independence, #standard-life, #telegraph