• I take your point, but then how many of these newly minted countries had a financial services sector the same size as Scotlands - which for reference would be 1,254% of Scottish GDP, versus that of the whole UK which is 494% of GDP?

    This is relevant because it looks highly likely that the Scottish banks will not have access to the BoE, so if they need to be bailed out again then it'll be up to the Scottish Government- who it could be suggested would be unable to find that money.

    Of course, they could borrow it from Russia on the same terms as the Ukrainians have, maybe.

    But as the Coppola article suggests, these banks would be insane if they stayed- they would likely flee and re-incorporate in the UK, moving the Scottish economy from one driven by the financial services sector to an economy suddenly largely without one.

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