Business as Usual as Scotland Votes No to Independence

- Leadership - Sep 19, 2014

In one of the UK’s most eagerly awaited polls ever to be conducted, the people of Scotland voted to stay in union with the rest of Great Britain and Northern Ireland.

The Better Together campaign triumphed by a margin of 10 percent, with 55 percent of voters balloting No compared to 45 percent Yes.

The 84.5 percent turnout is unprecedented in an era where political apathy has seen such numbers plummet to around the 60 percent mark for UK general elections.  

Key commercial areas such as Edinburgh and Aberdeen voted strongly in favour of union, with roughly 60 percent of voters rejecting independence.

A number of big and small companies may be breathing a collective sigh of relief after the likes of BP and Royal Bank of Scotland made public their reservations about an independent Scotland, the former questioning the realism of oil reserve predictions for the North Sea made by yes campaigners.

Small and medium enterprises had also expressed concerns according to surveys carried out across the UK.

Despite not achieving its ultimate end goal, the Scottish National Party will press Westminster to honour the pledges made during the campaign which involve devolving more powers to Scotland, a move which is expected to cost the Treasury significant sums of money. 

European Commission President Jose Manuel Barroso commented in a statement: "I welcome the decision of the Scottish people to maintain the unity of the United Kingdom. This outcome is good for the united, open and stronger Europe that the European Commission stands for.

The European Commission welcomes the fact that during the debate over the past years, the Scottish Government and the Scottish people have repeatedly reaffirmed their European commitment.

The European Commission will continue to engage in a constructive dialogue with the Scottish Government, in areas under its responsibility, that are important to Scotland's future, including jobs and growth, energy, climate change and the environment, and smarter regulation."

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