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Scottish independence would mean harsh consequences for U.K., economist says

SNP leader Alex Salmond visits Brownings bakery in Kilmarnock, Scotland, on Wednesday, where he was presented with 'Aye' branded cakes in support of the independence campaign. The British pound slipped sharply after an opinion poll on Tuesday revealed a jump in the number of people advocating severance of the country's 307-year union with the U.K. | AP

Reuters

Sep 4, 2014

LONDON –

A Scottish vote for independence from the United Kingdom this month could have serious consequences for the Scottish and U.K. economies, Goldman Sachs said in a research note on Wednesday.

Goldman Sachs economist Kevin Daly said that while the Wall Street bank still felt the most likely outcome was for Scotland to vote to stay in the United Kingdom, a surprise victory for the "Yes" campaign to break away would have a drastic impact.

"Opinion polls suggest that the gap between the 'Yes' and the 'No' camps has narrowed but that a 'Yes' vote in favour of independence remains unlikely," Daly wrote in the note.

Scottish independence would mean harsh consequences for U.K., economist says

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