Herald letter – GERS (No £)

YOUR correspondents (Letters, August 24) are quite right to point out the detrimental effects of the referendum vote to leave the EU.

At the same time, it is even more important to imagine the catastrophic outcome if Scotland had voted in September, 2014 to leave both the UK and the EU in March this year.

Likewise, we can foresee that if the First Minister is misguided enough to secure a further independence referendum, business confidence in Scotland will go through the floor as the prospect of still more instability and the loss of fiscal transfers (as shown in the latest GERS figures) loomed.

It would be better if Nicola Sturgeon dropped the idea right now; to do otherwise displays a boneheaded dogmatism which flies in the face of the available evidence.

Peter A Russell,


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