Brexit Sparks Second Referendum For Scotland
Unless you’ve been hiding under a rock this year, you know that Britain’s decision to leave the European Union has and will have serious ramifications. On that historic day, the Dow Jones fell 611 points. The Independent reported, “Sterling has dropped through the $1.23 mark after leaked papers suggest leaving the single market could cost UK £66 billion per year in lost taxes.”
Trading within Europe, foreign investing, liberalization and regulation, industrial policy, immigration, international influence and budgets are all areas in which the Brexit decision will impact. As a result, the Scottish Referendum vote to remain in the EU has been called into question. Rumors of a second Scottish Referendum has just been confirmed by leader of the Scottish National Party (SNP) and First Minister of Scotland, Nicola Sturgeon.
Sturgeon stated to the BBC upon the major announcement, “I am determined that Scotland will have the ability to reconsider the question of independence and to do so before the UK leaves the EU – if that is necessary to protect our country’s interests […] So, I can confirm today that the Independence Referendum Bill will be published for consultation next week.”
The first time around, Sturgeon’s desire to leave the EU was thwarted by a strong 55% of the nation’s voters. Perhaps second time’s a charm in once and for all breaking apart the United Kingdom.