Cameron Warns Of 'Great Unknown' Of Devolution

Written By Unknown on Jumat, 29 Agustus 2014 | 11.46

David Cameron has highlighted the "great advantages" to businesses and consumers of Scotland remaining part of the United Kingdom.

Addressing Scottish business leaders at a dinner in Glasgow, the PM highlighted the "better opportunities and choice" for consumers and "more secure jobs" for employees as he urged voters not to break away from the UK.

As he made the business case for Scotland remaining part of the United Kingdom, the PM hailed the benefits of an interconnected economy as one of "opportunity".

"Scotland does twice as much trade with the rest of the UK than with the rest of the world put together," said Mr Cameron. "Trade that helps to support one million Scottish jobs.

"Look at iconic Scottish drink Irn-Bru. It isn't just made in Lanarkshire - it is made down in Milton Keynes as well. That is what an interconnected economy looks like."

The PM also hit out at Scotland's First Minister Alex Salmond who has warned that an independent Scotland would not accept its share of UK debt if a deal could not be agreed on a currency union with the rest of the UK.

"Yet again, the choice is clear," said Mr Cameron. "Stay together, and retain that certainty of a single currency for a United Kingdom - one of our greatest advantages, or take a leap into the great unknown with the man without a plan for Scotland's currency."

Mr Cameron also warned that if Scotland broke away from the UK, Scottish taxpayers would see their spending on pensions increase by £1.4bn to cover the contribution made by taxpayers south of the border.

Scotland benefited from the "clout of the UK Government", he argued, as he highlighted the UK's position as a "top-six economy with one of the biggest diplomatic networks in the world".

The Prime Minister said: "Our scale is a great, great advantage for Scottish businesses - helping you to walk taller and shout louder.

"But it is something we will only sustain if Scotland chooses these great advantages over the great unknown."

Sky's Business Editor Ed Conway said: "He was trying to use the language of the businessmen who were here at the dinner tonight.

"He talked about certainty and the fact there has been a lot of questions over Alex Salmond's policies for the currency.

"He talked about solidarity; the notion there would be common purpose between Scotland and the rest of the UK, and they can share cheaper borrowing costs and take advantage of cheaper pensions.

"He also addressed the notion that between the two nations, they can punch above their weight around the western world with exports outside of Great Britain."

There are just three weeks to go until the Scottish independence referendum.

An open letter signed by 130 business leaders in Scotland has declared that the case for leaving the UK "has not been made".

In response, the Herald newspaper published a letter signed by 200 bosses and entrepreneurs - including Stagecoach chairman Sir Brian Souter and Clyde Blowers engineering tycoon Jim McColl - backing independence.

Scottish First Minister Alex Salmond has challenged Mr Cameron to use his visit to explain what extra powers would come to Scotland if a No vote is successful.

"As we approach September 18, people and business leaders are waking up to the opportunities of independence," he said.

"With full control over economic powers, we have the opportunity to tailor economic policy to our needs, which means a jobs policy that puts the interests of Scotland first."


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