Comment: Effect of Yes vote on city is unknown

2
Have your say

As the independence referendum campaign heads into the final straight, the same obsessions continue to dominate the mainstream debate.

The relentless focus on questions about the pound, oil, pensions, and so on, is perfectly understandable, as the way these things are affected by Thursday’s result will have a huge impact on our lives.

This newspaper has taken a slightly different tack in order to help us all better comprehend the many and varied implications of the choice facing us. We have focused on the likely impact on life in the Capital, including on the city’s major employers.

This week, as some of our biggest financial institutions lined up to announce contingency plans for moving their headquarters to London, we brought you the facts and contrasting views from First Minister Alex Salmond and Better Together leader Alistair Darling.

We also presented two alternative visions of the future of the city from No supporter John McLellan and, in today’s paper, nationalist James Mackenzie.

Any readers still weighing up how to cast their vote will at least be better informed about the issues facing Edinburgh.

The truth is that the effects of a Yes vote on the the Capital, like the rest of the country, are unknown – and will inevitably remain so until long after September 18.

There is no way of knowing how the markets will react to Scottish independence or the impact on business confidence and the cost of borrowing. And we do not know who would govern an independent Scotland.

The vision we are hearing comes from the SNP – perfectly reasonably as they run the Scottish Government – but the first elections after a Yes vote might produce a government with very different ideas. We will only discover those answers in the event of a Yes vote on Thursday.