Get your money out of Britain: Global banks warn investors ‘Yes’ vote would be ‘cataclysmic’ for UK economy

Tuesday, September 9, 2014
By Paul Martin

Value of the pound could plunge by 15% in the event of a ‘Yes’ vote
Japan’s top bank Nomura advises investors to brace for sterling collapse
Separation of union after over 300 years would be a ‘cataclysmic shock’
Jitters saw the pound fall to a 10-month low against the dollar yesterday
Shares in major Scottish businesses also tanked amid a surge for ‘Yes’
Sterling continued to fall today as second poll puts referendum on knife edge

By Tom McTague
9 September 2014

nternational investors have been warned to pull their cash out of Britain to protect themselves against the ‘cataclysmic’ impact of Scottish independence.

Japan’s biggest bank, Nomura, warned sterling could plunge by 15 per cent in the event of a ‘Yes’ vote – amid warnings over a ‘run on UK assets’ threatening savings and pensions of ordinary families.

It came as it emerged David Cameron has pleaded with business chiefs to publicly warn against Scottish independence.

The Prime Minister asked company bosses at a Downing Street drinks event last night to ‘highlight the dangers of a Scottish exit in any way we can’.

The Rest…HERE

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