SCOTLAND: ‘ Queen of Scotland Joins the Debate Over Saving the Oil, Finance and Pensions for England ‘

#AceWorldNews – SCOTLAND – September 15 – The Queen finally broke her silence on the issue of Scottish independence yesterday, telling a member of the public that she hoped “people will think very carefully about the future” when they headed to the polls later this week.

' Queen of Scotland Supports England '

‘ Queen of Scotland Supports England ‘

The monarch’s words – which were interpreted by some as offering encouragement to Unionists without leaving her open to accusations of political meddling – came as the long campaign entered its final week, with tensions high and tempers increasingly frayed.

Her interjection into the debate came as the debate over the economic case for independence continues to rage.

A report published on Monday by a leading think-tank suggests that the Yes campaign has underestimated the financial risks of separation, which it said lay in oil, finance and pensions.

The Centre for Policy Studies predicted that a mixture of falling North Sea oil revenues, the departure of a large proportion of the financial services sector and the rising cost of public sector pensions would leave Scotland with £13.8 billion less in 2015/16 than official estimates suggest.

But a spokesman for Scottish Finance Secretary John Swinney said the report was “stuffed full of basic factual errors” and pointed out that the think-tank had been co-founded by Margaret Thatcher.

“The only part of this report that is accurate is the importance of Scotland’s oil to the strength of the pound – which is exactly why the UK Government will agree to a currency union with Scotland,” he added. “This simply underlines Scotland’s economic strength.”

In Glasgow, thousands of angry Yes supporters waving saltires mounted a protest outside the BBC’s Scottish headquarters, accusing it of being biased in favour of retaining the Union.

Alistair Darling, the leader of the Better Together campaign, said he had been shocked by the aggressive behaviour of some nationalists, which he claimed had been “orchestrated” and “centrally controlled”.

David Cameron will be hoping to avoid a hostile reception when he returns to Scotland today in a last gasp-attempt to persuade Scots to preserve the Union.

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#UK : `Cameron and Salmon argue out the Pro’s and Con’s of Benefits to their Economies’

#AceNewsServices says UK‘s North Sea oil industry at stake in vote for Scottish independence

NorthSea Oil PlatformBritain’s lucrative North Sea oil and gas industry, estimated to be worth up to £200 billion in potential benefits, may be in peril should Scotland vote for independence, David Cameron has warned, campaigning against independence ahead of the referendum.

On Monday, the prime minister is due to hold his first ever Cabinet meeting in Scotland, at Europe’s oil and gas hub, Aberdeen. It is only the third time since 1921 that the UK Cabinet will have met in Scotland, with the previous meeting being in 2009 when Gordon Brown took his ministers to Glasgow.

However, this time around, the UK and Scottish cabinets will hold separate meetings, with the First Minister of Scotland, Alex Salmond, discussing independence in the Aberdeenshire town of Portlethen. He said on Monday that opinion polls showed the race for independence is tight, according to Reuters.

“For the past 300 years, Britain has led the way in finding new sources of energy. It is the strength of the UK’s broad-based economy which can make the difference and ensure we can invest in our energy for the long-term future.”

“I promise we will continue to use the UK’s broad shoulders to invest in this vital industry, so we can attract businesses, create jobs, develop new skills in our young people and ensure we can compete in the global race,” Mr Cameron added on Sunday.

In the light of the meeting in the north-east of Scotland, the British prime minister said his Cabinet would focus on how the government can “maximize the benefit of North Sea oil and gas to the UK economy for decades into the future, giving a vital boost to local communities and families across Scotland.”

Scottish Finance Minister John Swinney said, however, that the North Sea has“suffered from poor stewardship from the UK Government to date” and that “fiscal instability has been a significant factor in under performance in the North Sea.”

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