Independence for a Price

Today, citizens from Scotland voted to decide whether or not they wanted to be a part of the United Kingdom or separate and become their own governed nation. After being controlled by England for more than 300 years Scottish citizens are now given the chance to split from the UK. If the citizens vote and the referendum is successful Scotland will be separated from England in 2016. As votes are being tallied it is fairly tied, but with the "no" vote slightly in the lead, as half of the population seem to disagree with one another. 

Personally, if I was a citizen of Scotland I would have to vote "no" for many reasons but most 
importantly because of the economic downside of the separation. Compared to Britain's $2.5 trillion 
economy it seems as though Scotland will be on the downside of the "yes" vote with a merely $250
billion economy. The "yes" vote has caused many speculators to believe that Scotland's economy
will be weaker if it leaves England. Not only that but the headquarters of many major banks in the
UK will also plan to split if the referendum passes and the headquarters will most likely move to
London where the money will most likely be. UK public spending may also detach itself from 
Scotland as the country is projected to lose over £65 billion after a "yes" vote. Another reason voting "no" would be a wise decision is because the oil revenue, which many Scottish citizens believe will be able to support them, is also projected to drop this year and next. Scotland will not only be constantly losing money if the majority of the vote is "yes" but they will also be losing their currency and will have to switch to using the euro, which is would be a horrible choice as the euro is beginning to fail many countries, or create a brand new currency, but with the economy being horrible everywhere it would seem as though creating a new and strong currency would become rather difficult. Unless Britain let's them use the pound or if they use it without Britain's consent it would be very hard to accustom to another currency.

I believe that if Scotland removes itself from the United Kingdom that it will not go as well as they would have wanted it to go. Although voting "no" would force citizens of Scotland to continue under Britain's reign, it would be wise to build up the economy before voting for separation so then it would be much easier for citizens live on without having to worry about an economic downfall in their country. If the majority of the vote doesn't go to "yes" vote hopefully through this close encounter Britain will be more lenient to Scottish needs because although Scotland would have been worse off with the separation Britain and the UK would also have downsides of a separated UK, mostly with England losing most of the revenue of the oil refineries, losing a home for their nuclear weapons, and not to mention having to create a whole new flag which would also void many flags and merchandise bearing the UK flag, Hopefully, citizen's of Scotland vote "no" for the benefit of Scotland and the rest of the United Kingdom.

Sources:
http://rt.com/business/188720-economy-scotland-yes-vote/