Independence Vote: A View From The Boardroom
Updated: 12:32pm UK, Friday 22 August 2014
A range of businesses and business leaders have spoken out ahead of next month's Scottish independence vote:
:: Financial services giant Aegon would consider relocation if Scotland votes for independence.
:: Sir George Mathewson, former chairman of Royal Bank Of Scotland, is the honorary vice president of Yes Scotland. He has said: "For Scotland's financial sector, this is an opportunity, not a threat."
:: Royal Bank of Scotland has said Scottish independence could have an "material adverse effect".
:: Martin Gilbert, chief executive of Europe's biggest fund manager Aberdeen Asset Management, has no plans to move the company's HQ if Scotland backs independence.
:: Engineering firm, Weir Group, has said a "yes" vote carries "substantial risks".
:: Drinks-maker Diageo, which controls 40% of Scotch whisky production, has said: "We can't pick up and leave Scotland. We're there to stay."
:: Harriet Green, CEO of Thomas Cook, has said: "There are two political uncertainties that are most unsettling for business. The first is the Scottish referendum and the second is the European referendum. Both create massive uncertainty".
:: Ralph Topping, the former boss of bookmaker William Hill, has said: "There is nothing about sharing a currency that will restrict an independent Scotland's ability to attract jobs and investment with a competitive tax regime".
:: Oil and gas tycoon Sir Ian Wood, former head of Wood Group, has warned there are only 15 years of reserves left before its decline starts, wreaking major damage on the Scottish economy. He argued: "The case is heavily-weighted towards Scotland remaining in the UK."
:: Lord Wolfson, the chief executive of Next which has around 40 stores in Scotland, has said independence would make little difference to how the company manages its operations in Scotland.
:: Ian Douglas Lowe, chairman of the Edinburgh-based property investment holding and development company Caledonian Trust, has said that the economic prospects for an independent Scotland "are not favourable".
:: Dan Macdonald, CEO of property developers Macdonald Estates, has described talk of currency breakaway as scaremongering. He said: "I don't think George Osborne, or the whole of commerce that exists within the UK today, can afford to do anything else but retain a common currency."
:: Billionaire businessman Sir Tom Hunter says he is "undecided" but says business will "just get on with it".
:: Jim Ratcliffe, chairman of petrochemical giant Ineos which employs 1,300 people in Grangemouth, has said independence will not make a difference to the future of the Grangemouth site. "It will survive in both scenarios", he said.
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