Scottish Indepenedence and The Credit Crunch

Scottish independence. Sounds impressive, doesn’t it? It drives our minds to envisage a place of power and individuality. A new prospect. But how close to reality could this possibly be? Since independence has risen to the agenda, the desire for nationalism has reached fever pitch. For over 300 years Scotland has been part of Great Britain’s triumph, but currently in a time of economic hardship there is an exorbitant urge to break free. More and more people are starting to view autonomy as a panacea for all of Scotland’s economic dilemmas. This is something I dismantle myself from as it is realistically unfounded and unnecessary.

Unity is power: in its concord with the UK, Scotland is a part of a stable, authoritative and influential alliance. If Scotland decides to become independent, it could lose its ranked global presence aside England. As a part of the world’s sixth largest economy, Scotland has a place to speak up and gain recognition. But this recognition and involvement could vanish if Scotland goes it alone, it would be overseen by the larger economies, slowly but surely Scotland would lose its global significance.

The credit crunch. It transpired when Scottish banks hit rock bottom. Banks had no choice but to write off great debts as a result of their imprudent generosities to people who were unable to repay their loans. This left the government no choice but to dip into public money to stabilise their banking crisis, which in turn decreased our budged by billions. So, as our tax money seeped out of our hands a little more vigorously than usual, little did we know that it was not going towards education, housing or improving our healthcare - but in actual fact, it was entirely invested to stabilise our banks. This alon...

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...come independent would racism evolve between England and Scotland? This isolation of the two joined country could perturb good relationships and increase racism between the two. This could savage any strong bonded business links and future opportunities for trade. More importantly, some Scots seem to begrudge a negative attitude towards the English, so would dividing the two not instigate more serious incidents of racism?

The bottom line is, in fact, Scotland is enriched with more power and sophistication as a part of the United Kingdom, and we are lucky to be united as one, but still possess our own identity. This urge to become independent t is a result of Scotland’s fierce nationalistic pride, but in our current economic state, a fantasy like this is not the way forward. More is money, and money is more. But is this enough to pursue a bright future?