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Independence Referendum

Part of the debate – in the Scottish Parliament on 22nd March 2017.

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Photo of Jackie Baillie Jackie Baillie Labour

I am running out of time.

Let us think about what that would do to key sectors of our economy. If anyone needs any further convincing, they need only to look at this morning’s Fraser of Allander economic commentary. The backdrop is that economic growth has been slow. Gross domestic product has risen only 2 per cent in the past decade, and many households are worse off. On Brexit and a second independence referendum, the Fraser of Allander Institute says that

“the current level of such uncertainty is unprecedented. It is also different from normal in that the debates around Brexit and a possible further independence referendum concern the fundamental basis on which the Scottish economy has grown and developed over the last 40 years.”

Do we seriously want to tear apart 40 years of progress?

A second independence referendum will cause huge uncertainty. Businesses tell us so, economists tell us so, investors tell us so. It would be economic vandalism on a huge scale and I implore the Government to please stop posturing and get on with the day job.