"As with Brexit, too, some economic arguments against leaving are exaggerated"by Frances Cairncross / April 7, 2017 / Leave a comment
Published in May 2017 issue of Prospect Magazine
Economics was pretty much invented in Scotland, and over the years, the economics profession has had more than its share of Scots. However, as the Brexit referendum shows, most people don’t vote on the basis of economics in contests involving national pride. Just as with Brexit, it is hard to make an economic case for separation: Scotland’s links with the rest of the UK are even more substantial than the UK’s links with the rest of the European Union. Ironically, even though Brexit now looks set to precipitate a fresh Scottish referendum, some of the strongest reasons for voting to remain in the EU (as a majority of Scots did) also apply in the case against Scottish independence.