Fox has this, but, there are many, many stories on this on the internet.
Scotland’s decision to remain part of the United Kingdom in an historic referendum Friday gave British markets a brief lift, as fears of an independent Scotland causing economic havoc waned.
After an unprecedented voter turnout of just under 85 percent, 55.3 percent were against independence to 44.7 percent in favor. The decision prevented a rupture of a 307-year union with England, Wales and Northern Ireland.
Investors breathed a sigh of relief that the vote didn’t spark economic woes, including questions over what currency an independent Scotland would use and how the U.K.’s 1.3 trillion pounds ($2.1 trillion) debt would be divided. The FTSE 100 index of leading British shares ended up 0.3 percent at 6,837.92 but had been higher earlier in the session.
Uncertainty over the pound was likely a key element in the No campaign’s victory. The Yes campaign had hoped it would still use the pound through a currency union with what’s left of the U.K. but the main British political parties insisted that wasn’t going to happen. There were also fears that a Yes vote may have triggered a bank run.
“It might not have been financial meltdown territory, but the markets almost certainly would have been in turmoil if the Scots had voted yes,” said Dennis de Jong, managing director at UFX.com.
Prime Minister David Cameron promised new powers for Scotland in the wake of the vote, but also warned that millions of voices in England must also be heard, calling for a “balanced settlement” that would deliver more power to the United Kingdom.
“Like millions of other people, I am delighted,” Cameron said in a speech outside 10 Downing Street on Friday morning. “It would have broken my heart to see our United Kingdom come to an end.”
The result sparked the resignation of Scotland’s pro-independence leader, Alex Salmond, who said Friday that he is resigning as first minister and leader of his Scottish National political party.
Salmond, 59, told reporters at a news conference that he was proud of the campaign and the record turnout for Thursday’s vote.
“For Scotland the campaign is not over and the dream will never die,” he said.
Queen Elizabeth II was expected to give a statement Friday afternoon, Sky News reported.
“The people of Scotland have spoken,” Alistair Darling, leader of the “Better Together” campaign said early Friday after the result was confirmed. “We have chosen unity over division.”
I don’t really have much to say about this. It isn’t my business, though, I was acutely interested. I am divided about the results. I’m happy for the UK, but, I’m a bit sorry for the ones who wished to be independent, but, are not.
Still, this is a question which has vexed me for many years. Clearly, there are many in Scotland who wish to be separated from the rest of the UK. However, they will not be. In this manner, democracy has thwarted their freedom. But, their country and countrymen have opted to remain.
I wish the Scots, and the rest of the UK well. I pray this will mark a new chapter in the long history of the countries, and that peace and prosperity for all parties will follow this decision.
That said, when people make decisions based upon fear, it’s often the wrong decision.