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Banking analysts predict post-independence crisis for Scotland
SCOTLAND’S overweening banking sector could leave the country “devastated” by a post-independence economic crisis, industry analysts have claimed.
The Scottish government yesterday recoiled at figures from trade publication The Banker warning that an independent Scotland could be critically exposed to a repeat of 2008’s financial meltdown, with banking assets around a dozen times the size of Scotland’s entire GDP.
Britain’s banking sector controls assets worth £5.8 trillion, roughly four times the size of GDP.
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