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6 July, 2025
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  • OP/ED

    Azerbaijan dismisses claims of involvement in Israel-Iran conflict

    Elite Purges: Internal Conflict or External Design?

    Trump’s Threat of U.S. Intervention in Iran Exposes Roots of Critics’ Fears

    Crisis-Born, Purpose-Seeking: Can the EPC Define Europe’s Strategic Future?

    Serbia’s Request to the ICJ Turned Resolution 1244 into a Closed Chapter and Kosovo’s Independence into an Internationally Recognized Reality

    Unpredictable world

    Promoting Arab Culture and Language in the Framework of Cultural Diversity and Dialogue.

    ‘A Tragic Circus’: Albanian PD Figures Lash Out After LaCivita-Backed Campaign Collapses

    Erosion of Liberal Democracy in Europe Complicates Canada’s Search for Like-Minded Allies

  • Interview

    Exclusive: “Even After Tito – Tito”/ Ambassador Zlatko Kramarić on Authoritarian Legacies and Democracy’s Future in the Balkans

    The Conclusion of the Diplomatic Mission / Ambassador Dancho Markovski: Strengthening Albania-North Macedonia Relations for a Shared European Future

    A Century of Diplomatic Relations Between Albania and Russia: Exclusive Interview with the Russian Ambassador to Albania, H.E. Alexey Zaytsev

    Exclusive/ The chairman of the Freedom Party, Ilir Meta: “The will of the citizens will triumph in Albania, as it did in North Macedonia”

    Exclusive/ The Russian Ambassador to Albania Mr. Mikhail Afanasiev: Russia only aims to end that war started by the West in Ukraine

    Exclusive/ Skopje’s top diplomat to Tirana, Dancho Markovski: OSCE Chairmanship a Project of National Importance for North Macedonia

    Exclusive interview of Croatian Ambassador Zlatko Kramaric: ‘There is progress in Croatian-Albanian relations, but it is still not enough’  

    The first anniversary of the appointment as Archbishop at the head of the Catholic Church/ Mons. Arjan Dodaj: Only God can be the author of our walk!

    Azerbaijan’s Ambassador Anar Huseynov: President Aliyev’s visit to Albania opened a new page in our relations through the specific accords reached

  • Realpolitik

    Summit G 6+1! The historic Summit and Trump show! Zelensky loses 0:2! Winners and losers of the 12 day war!

    Chancellor Merz passed “the exam”! Political stupidity! 5 per cent or study Russian! The Firing East!      

    A top phone call as disappointment! Exit from Brexit! Germany at the helm! End this political shame up!

    That’s it! The quartet of hope! Shame on Kosovo! The Summit of a Community without Identity!

    Only praises and prolises for Meloni! Facts versus untruths! Immediate ceasefire and genuine peace, no deal for new occupation! Back after 60 years !

    US nuclear tariff bomb!! Europa fires back! NATO ok, but with or without Article 5? Kallas urges reforms!

    Europe riarmed! Germany’s epochal shift! Spoiled soup! EU Commissioner Kos demands reforms!

    Europe tightens the ranks! The Euro-Atlantic Alliance in danger! USA-1945!! A true Peace, not new occupation!

    WASHINGTON, DC - JANUARY 20: President Donald Trump signs executive orders in the Oval Office on January 20, 2025 in Washington, DC.  Trump takes office for his second term as the 47th president of the United States. (Photo by Anna Moneymaker/Getty Images)

    The law of force over the force of law! Multilateral diplomacy is the victim! Euro-Atlantism in danger! Munchen split the West!

  • Current Events

    Why Iran with Nukes is a Danger – Just Look at Cuba in 1962

    When bridges divide more than rivers…

    Skopje Growth Plan Summit: Western Balkans Six Urged to Accelerate Reforms

    Summit G 6+1! The historic Summit and Trump show! Zelensky loses 0:2! Winners and losers of the 12 day war!

    The NATO Summit in 2027 will be held in Tirana.

    Exclusive: “Even After Tito – Tito”/ Ambassador Zlatko Kramarić on Authoritarian Legacies and Democracy’s Future in the Balkans

    Geneva meeting begins in bid to halt escalating Israel-Iran conflict

    From Donetsk to Northern Kosovo: Geopolitical Games with the Kosovo Precedent

    G7 leaders fail to reach ambitious joint agreements on key issues after Trump’s exit

  • Top News

    The NATO Summit in 2027 will be held in Tirana.

    NATO allies agree to allocate 5% of GDP to defense by 2035

    Reza Pahlavi: “This Is Our Berlin Wall Moment” — Exiled Prince Calls for Global Support as Iran Nears Regime Collapse

    Where does Donald Trump stand on the Israel-Iran conflict?

    Russia Proposes Second Round of Ukraine Peace Talks in Istanbul on June 2

    International leaders congratulate Prime Minister Rama after his victory in the parliamentary elections, securing a fourth term.

    Albania’s parliamentary elections competitive and well run but lacked level playing field, international observers say

    Top Ukrainian delegation arrives in Paris for talks with Western officials

    Marta Kos: Albania Making Rapid Progress Toward EU Integration

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  • Home
  • OP/ED

    Azerbaijan dismisses claims of involvement in Israel-Iran conflict

    Elite Purges: Internal Conflict or External Design?

    Trump’s Threat of U.S. Intervention in Iran Exposes Roots of Critics’ Fears

    Crisis-Born, Purpose-Seeking: Can the EPC Define Europe’s Strategic Future?

    Serbia’s Request to the ICJ Turned Resolution 1244 into a Closed Chapter and Kosovo’s Independence into an Internationally Recognized Reality

    Unpredictable world

    Promoting Arab Culture and Language in the Framework of Cultural Diversity and Dialogue.

    ‘A Tragic Circus’: Albanian PD Figures Lash Out After LaCivita-Backed Campaign Collapses

    Erosion of Liberal Democracy in Europe Complicates Canada’s Search for Like-Minded Allies

  • Interview

    Exclusive: “Even After Tito – Tito”/ Ambassador Zlatko Kramarić on Authoritarian Legacies and Democracy’s Future in the Balkans

    The Conclusion of the Diplomatic Mission / Ambassador Dancho Markovski: Strengthening Albania-North Macedonia Relations for a Shared European Future

    A Century of Diplomatic Relations Between Albania and Russia: Exclusive Interview with the Russian Ambassador to Albania, H.E. Alexey Zaytsev

    Exclusive/ The chairman of the Freedom Party, Ilir Meta: “The will of the citizens will triumph in Albania, as it did in North Macedonia”

    Exclusive/ The Russian Ambassador to Albania Mr. Mikhail Afanasiev: Russia only aims to end that war started by the West in Ukraine

    Exclusive/ Skopje’s top diplomat to Tirana, Dancho Markovski: OSCE Chairmanship a Project of National Importance for North Macedonia

    Exclusive interview of Croatian Ambassador Zlatko Kramaric: ‘There is progress in Croatian-Albanian relations, but it is still not enough’  

    The first anniversary of the appointment as Archbishop at the head of the Catholic Church/ Mons. Arjan Dodaj: Only God can be the author of our walk!

    Azerbaijan’s Ambassador Anar Huseynov: President Aliyev’s visit to Albania opened a new page in our relations through the specific accords reached

  • Realpolitik

    Summit G 6+1! The historic Summit and Trump show! Zelensky loses 0:2! Winners and losers of the 12 day war!

    Chancellor Merz passed “the exam”! Political stupidity! 5 per cent or study Russian! The Firing East!      

    A top phone call as disappointment! Exit from Brexit! Germany at the helm! End this political shame up!

    That’s it! The quartet of hope! Shame on Kosovo! The Summit of a Community without Identity!

    Only praises and prolises for Meloni! Facts versus untruths! Immediate ceasefire and genuine peace, no deal for new occupation! Back after 60 years !

    US nuclear tariff bomb!! Europa fires back! NATO ok, but with or without Article 5? Kallas urges reforms!

    Europe riarmed! Germany’s epochal shift! Spoiled soup! EU Commissioner Kos demands reforms!

    Europe tightens the ranks! The Euro-Atlantic Alliance in danger! USA-1945!! A true Peace, not new occupation!

    WASHINGTON, DC - JANUARY 20: President Donald Trump signs executive orders in the Oval Office on January 20, 2025 in Washington, DC.  Trump takes office for his second term as the 47th president of the United States. (Photo by Anna Moneymaker/Getty Images)

    The law of force over the force of law! Multilateral diplomacy is the victim! Euro-Atlantism in danger! Munchen split the West!

  • Current Events

    Why Iran with Nukes is a Danger – Just Look at Cuba in 1962

    When bridges divide more than rivers…

    Skopje Growth Plan Summit: Western Balkans Six Urged to Accelerate Reforms

    Summit G 6+1! The historic Summit and Trump show! Zelensky loses 0:2! Winners and losers of the 12 day war!

    The NATO Summit in 2027 will be held in Tirana.

    Exclusive: “Even After Tito – Tito”/ Ambassador Zlatko Kramarić on Authoritarian Legacies and Democracy’s Future in the Balkans

    Geneva meeting begins in bid to halt escalating Israel-Iran conflict

    From Donetsk to Northern Kosovo: Geopolitical Games with the Kosovo Precedent

    G7 leaders fail to reach ambitious joint agreements on key issues after Trump’s exit

  • Top News

    The NATO Summit in 2027 will be held in Tirana.

    NATO allies agree to allocate 5% of GDP to defense by 2035

    Reza Pahlavi: “This Is Our Berlin Wall Moment” — Exiled Prince Calls for Global Support as Iran Nears Regime Collapse

    Where does Donald Trump stand on the Israel-Iran conflict?

    Russia Proposes Second Round of Ukraine Peace Talks in Istanbul on June 2

    International leaders congratulate Prime Minister Rama after his victory in the parliamentary elections, securing a fourth term.

    Albania’s parliamentary elections competitive and well run but lacked level playing field, international observers say

    Top Ukrainian delegation arrives in Paris for talks with Western officials

    Marta Kos: Albania Making Rapid Progress Toward EU Integration

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Home ENGLISH

Independence Comes at High Cost: Leaving UK Will Be More Damaging For Scotland Than Brexit, Says LSE

3 February, 2021
in ENGLISH, In Focus
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The news comes five days after British Prime Minister Boris Johnson said the issue of independence is “irrelevant” to most people in Scotland. The Scottish National Party (SNP), which has the largest number of seats in the Scottish parliament, said the PM was in “panic” mode as support for unified Britain continues to decline.

Leaving the United Kingdom will be more damaging for Scotland than Brexit, says the London School of Economics Centre for Economic Performance. According to its modelling, the incomes of Scots will plunge as much as 8.7 percent, while trade between Edinburgh and the rest of Britain would increase by almost a third. Saying bye to the union would result in changes to investments, the Scottish government’s spending capacity, and Edinburgh would also have to adopt its own currency.

According to the forecast, independence and subsequent EU membership will boost trade friction between the two states. Researchers note that such an option would only make sense if “independence is sufficiently trade-destroying that the rest of the UK becomes a less important trade partner for Scotland than the EU”, hence Edinburgh’s medium-run priority “should be keeping border costs with the rest of the UK as low as possible”, the modelling revealed.

“Ultimately the only viable policy option would probably be a separate free floating currency, underpinned by significant foreign exchange reserves”, said David Owen, European economist at Jefferies, who conducted a separate analysis.

Bloomberg estimated that Brexit cost the UK economy a whopping $273 billion.

One of the authors of  the LSE study, Hanwei Huang, said the economic impact of Brexit would only become clear after 10 to 15 years, but the economic impact of Scotland’s independence will take even longer to calculate. He noted that independece will leave Scotland “considerably poorer than staying in the United Kingdom”.

A Once-in-a-Generation Opportunity

In 2014, Scotland held a referendum on its independence from the United Kingdom and 55 percent of voters said they wanted to remain part of Britain. The SNP labelled the vote a “once-in-a-generation” opportunity. But two years later Britain had to make a decision on its membership in the European Union and although the country as a whole chose to withdraw from the bloc, 62 percent of Scots voted to remain in the EU. This prompted the SNP to push for a second referendum, often referred to as Indyref2. The party has argued that the country needs another say on independence because circumstances have changed due to Brexit.

Downing Street, however, remains adamant. Prime Minister Boris Johnson has so far refused to allow Edinburgh to hold a second referendum emphasising that Scotland’s leaders themselves described it as a “once-in-a-generation” opportunity. Johnson argued that another referendum should not be held for 40 years.

“We don’t actually know what the referendum would set out to achieve. We don’t know what the point of it would be – what happens to the army, what happens to the Crown, what happens to the pound, what happens to the Foreign Office. Nobody will tell us what it’s all meant to be about”, the prime minister said last week during a visit to Edinburgh./sputniknews

Tags: Britainindipendencescotlanduk

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