Real concerns from business about independence highlight importance of UK single market

Commenting on a briefing note to investors from Dutch banking groupWillie RennieWillie Rennie ING, which warned that independence risks damaging economic growth in Scotland and the rest of the UK, Scottish Liberal Democrat leader Willie Rennie MSP said:

“This is a real company which employs people across Scotland highlighting its concerns about the implications of independence for Scotland’s economy. ING and its employees benefit from Scotland being within the UK single market, with Scotland selling more products and services to the rest of the UK than it does to the rest of the world combined.

“The nationalist’s independence plans will need to address the concerns of businesses and staff across the UK who value and benefit from a strong Scotland operating within the UK partnership of nations. Scotland stands with a lot to lose in any negotiations and the SNP must set out whether an independent Scotland would see higher taxes, greater borrowing or cuts to public spending in order to facilitate the SNP’s growing independence spending commitments.”