Scottish Independence Referendum

Parsons (2012) mentions that pro-independence contend for their autonomy, owing to the breakdown of UK regime, politics and a whole society. Conversely, Cameron claims that Scotland would encounter difficulties and uncertainty if it is separated from the United Kingdom, and it would be deprived from any advantages and favorable circumstances that it would gain from joining the UK. The aim of this essay is to discuss both sides of the views both against and in favour of the Scottish independence referendum.

There has been complicated history between Scotland and England. Scotland was united with England in order to encourage its economy. Recently, however, there are two opposing sides of the independence referendum including “Yes Scotland”
Scottish voters have customarily been left wing, and they generally vote for Labour Party. In contrast, people in England typically choose Conservative Party, which is recently governing the country. In case that Scotland could successfully separate from the UK, people in Scotland will eventually have a government that they satisfy. In 2008, the country encountered with financial crisis as the UK government introduced the austerity policies, which cut the government spending on public service works and state benefits. These policies create severely impact on poor Scottish families (Vale, 2014). Lesley Riddoch, a community activist, says, “We are not going to get the social democracy we want within the UK” (Brooks et al., 2014). Likewise, Brooks et al. (2014) states that there is an anticipation of sovereign Scotland to enhance its democratic system to be more impartial and advanced as well as enable to tackle its most crucial issue namely, youth indigence, adult’s health problems and care for people who are
It involves several elements such as interest rates, borrowing expenses as well as pension fund. George Osborne has informed that Scotland would not be able to use the pound as its currency, supported by Labour and the Liberal Democrats Party (Morse, 2014). For this reason, separating Scotland has to choose which currency it would adopt. It might use the euro or generate its own currency or use sterling without financial union (Murray, 2014). In the UK government paper on Currency and Monetary Policy, the entire economy of the UK including Scotland, is appropriately positioned in the present UK settlements. Although an independent Scotland would still apply a sterling currency, an appraisal would be changed if Scotland becomes self-governing. As a result of financial independence, the monetary policy of the Bank of England would be less suitable to Scottish economic positions (Currie & Black, 2014). Paul Krugman says, “Sharing a currency without sharing a budget can turn recession into depression”. The economist claims that Scotland needs to establish its own currency as well as its own central bank, however it is not easy to do so (O’Brein,