According to Nomura this risk is not fully priced in and there are big question marks regarding the future of the City of London and the outcome
of an independence referendum in Scotland.
Basically, their hatred of the SNP, Nicola Sturgeon and the idea
of another independence referendum has trumped their historic hatred for the «effing Tories».
Any attempt to regulate the holding
of independence referendums after 2014 would, if the Sewel Convention were adhered to, require the support of both the Scottish and Westminster Parliaments.
So the prospect
of another independence referendum and the potential for more tunes must excite him?
First, there should be a constraint of the frequency
of independence referendums.
But the referendum battle over the future of the UK concerns Scotland - based voters alone, and the outcome
of the independence referendum is likely to be determined by the current 10 or 15 per cent of the «don't know» Scottish electors, mostly in Scotland's central belt.
It is also worth mentioning that Labour started to lose Scotland to the SNP in the New Labour era and not only in the aftermath
of the independence referendum.
Wikipedia has assembled a significant list
of independence referenda and you'll note this trend generally borne out.
All this year the media have slowly been turning their gaze northwards to Scotland, ahead
of the independence referendum vote on September 18th.
Several hundred supporters gathered outside BBC headquarters in Glasgow yesterday to protest against alleged bias in its coverage
of the independence referendum.
But she played down talk
of another independence referendum after falling short by two seats of an overall majority
In the aftermath
of the independence referendum, SNP membership soared to around 130,000; many of the new recruits wanted a second vote on the constitution sooner rather than later.
While this research is specifically about the impact
of the Independence Referendum on the British party system, and more generally part of a narrative to be published next year in the British Election Study book (to be published by Oxford University Press) about the role of political events and shocks in explaining electoral change, it is interesting to speculate about possible lessons for the EU referendum.
However, whereas the previous effects of the West Lothian Question remained either theoretical or obscure, the outcome of the 2015 general election is likely to result in four circumstances that will maximise West Lothian's practical effects and visibility and are all consequences
of the independence referendum.
As well as having huge implications for the British party system, the legacy
of the Independence Referendum (narrowly won by the unionist side) may offer some pointers to what might happen should the U.K. narrowly vote to remain in the European Union.
But tactics did not change: instead of emphasising Labour's positive «for the many, not the few» message, the party fell back on ever more bitter denunciations
of another independence referendum.
Nicola Sturgeon says she is «deeply disappointed» by the result
of the independence referendum after the BBC forecast a No vote.
Deputy leader of the SNP Nicola Sturgeon has said she is «deeply disappointed» by the result
of the independence referendum after the BBC forecast a No vote.
The Scottish National Party is «perfectly happy» with their campaign to encourage people to vote «yes» ahead
of the independence referendum next year.
A caveat applies that the Supreme Court of Canada separately considered the constitutional and the international aspects of secession whereas the democratic aspects
of independence referendums were expressly based on Canadian constitutional law.
Since then he has led a legal team through a raft of major deals, such as the transfer of Crown Estate to the Scottish Government in the wake
of the independence referendum and a demerger that involved a complex statutory transfer scheme.
Rod MacLeod, partner at Tods Murray, says: «Whether we like it or not, the legacy
of the independence referendum will cast a long shadow on the constitutional and economic future of the UK for some time to come, as promises made in the final weeks of the campaign on enhanced devolved powers for Scotland covering finance, welfare and taxation, now have to be delivered.
Not exact matches
Last October, Catalonia's leaders defied the Spanish government by holding an
independence referendum; 90 %
of Catalans voted sí (although only 42 %
of registered voters went to the polls).
Hundreds
of thousands
of people took to the streets in Catalonia Sunday to call for unity, voicing their opposition to last week's non-binding and
referendum on
independence on October 1 that was declared illegal by the Spanish government and constitutional court.
Thousands
of demonstrators gather during a Pro-Unity march in response to last Sundays disputed
referendum on Catalan
independence and to support the unity
of Spain on October 8, 2017 in Barcelona, Spain.
According to Catalonian authorities, 90 percent
of people voted in favor
of independence on Sunday, but the national government said the
referendum was illegal.
The move is believed to be part
of joint drills planned by the Iranian and the Iraqi government armed forces in retaliation for an
independence referendum held a week ago by Iraq's Kurds.
The Spanish team joined a country - wide strike on Tuesday to protest against «the serious events which took place during the day
of the Catalan
referendum on
independence.»
It is among at least 4,000 signatories
of the National Agreement on the Right to Decide and the
Referendum Agreement, a group comprising
of political parties and civil society organisations in favour
of the
independence vote.
Prior to Pishevar's tweetstorm, organization Yes California
Independence Campaign started laying groundwork in hopes
of putting a
referendum on the ballot in 2019.
That includes another possible
independence referendum in Scotland, slated hypothetically for sometime between the fall
of 2018 and spring
of 2019, should Scottish first minister Nicola Sturgeon have her way.
Catalonian lawmakers have officially agreed to hold an
independence referendum that could separate the region, which includes Barcelona, from the rest
of Spain.
Deputees
of Junts Pel Sí and CUP applaud during the debate to prove the
Independence Referendum Law in Barcelona
of Catalonia's Parliament in Barcelona, Spain on September 6, 2017.
A grand coalition
of the PP and second placed Socialist Party (PSOE) is Rajoy's other possibility, and Ciudadanos leader Albert Rivera has also indicated some interest in this to stymie Podemos, due to the two new parties opposing views on a Catalan
independence referendum.
On Monday, WTI closed at US$ 52.22 a barrel, up by 3 percent, while Brent crude settled at US$ 59.02 — its highest since July 2015 — on the back
of growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies
of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an
independence referendum in the Kurdistan autonomous region in Iraq.
The Fed's policy review was one
of the most anticipated events
of the week, the other being the
referendum on Scotland's
independence.
There were two principal drivers behind oil prices» performance: the growing optimism that the OPEC production cut deal is finally having a palpable effect on global supplies
of crude oil, and the equally growing worry that the Middle East could be in for more tensions — this time between the Kurdish nation and the countries it inhabits, following an
independence referendum in the Kurdistan autonomous region in Iraq.
LONDON — Two
of the biggest investors in Scotland on Wednesday warned
of the consequences
of a «Yes» vote for
independence there amid opinion polls showing next week's
referendum has become too close to call.
A Brexit would mean the UK being temporarily out
of the Single Market and would revive Scotland's
independence claim with a probable
referendum organized without delay.
Mounting tension in Iraq following the Kurdish
independence referendum is impacting oil production and exports; the ballot included three provinces
of Iraqi Kurdistan and the oil - rich Kirkuk region.
«Before Brexit, there was Grexit and the European sovereign debt crisis, Scotland's
independence referendum, and the U.S. legislative gridlock over its debt ceiling in 2011, which threatened to, out
of whole cloth, create a default in the global benchmark risk - free asset,» Zezas adds.
Before Brexit, there was Grexit and the European sovereign debt crisis, Scotland's
independence referendum, and the U.S. legislative gridlock over its debt ceiling in 2011, which threatened to, out
of whole cloth, create a default in the global benchmark risk - free asset.
Scottish leader floats notion
of second
independence vote Scottish first minister Nicola Sturgeon says late 2018 could be the best time for a second
referendum on
independence from the United Kingdom.
How European markets might react to the possibility
of «Brexit,» which is shorthand for «British exit from the European Union,» both in the run - up to the UK election and its aftermath, remains unclear, although given that UK assets suffered as the result
of the
referendum on Scottish
independence became less predictable such volatility could conceivably reoccur.
The Church
of Scotland says it does not support any side in the Scottish
Independence Referendum despite a number
of churches and ministers coming out in support
of Yes.
As the final day
of campaigning continues in Scotland ahead
of Thursday's
referendum on
independence, a Catholic MSP says a yes vote comes with too many risks.
The leader
of the SNP group on Inverclyde Council has dismissed the offer
of new powers for the Scottish Parliament if the «no» vote carries at the
independence referendum.
The forthcoming
independence referendum is a hot topic north
of the border with strong views frequently encountered.
It was a shock, therefore, when the SNP secured a clear overall majority in the 2011 Scottish general election, and it was not long before it agreed with London on a determinative
referendum on the issue
of complete
independence.
A Church
of Scotland clergyman has said Christians who vote no in the Scottish
independence referendum are not «living by [Christian] principles».