Richmond Events’ Business Panel Report – the Scottish referendum

The latest Richmond Events's business panel report on the Scottish referendum is now available. Please read on for headline findings and to download the full report.

Headline findings include:-
  • The vast majority of the panel doesn’t see a yes vote as having any affect on their business. However, of those that do, 27% of them see a yes vote as having an adverse effect, whereas only 2% believe it will improve their business.
  • If there were to be a yes vote, a quarter of the panel say they would reduce operations in Scotland, whilst only 2% say they’d increase them.
  • Over two thirds of the panel’s organisations have employees in Scotland. Of these, the largest proportion don’t see a yes vote affecting their employment numbers, whilst a further 22% are currently undecided and will wait and see.
  • Currency - The majority of the panel feel the Chancellor will back up his threat and remove the pound as the Scottish currency, whilst only ¼ feel it will remain if Scotland becomes independent.
  • 38% agree with denying Scotland the pound if they vote yes, whilst a further 41% would deny it if they refused to assume an equitable share of national debt.
  • 66% of the panel feel an independent Scotland would make little or no difference in terms of re-negotiating our relationship with the EU.
  • Even if Britain fails to substantially re-negotiate the terms of its membership, the majority of the panel would choose to remain part of the EU - 59%, rather than to leave - 31%.
  • Finally, it seems that much of the above may be somewhat irrelevant. At the time of writing, Betfair has the odds of a no vote at 10/1 ON and it seems the panel agrees, with the vast majority feeling Scotland will vote to stay within the UK.
  • Whilst 13% are unsure and 13% don’t really care only 3% feel the yes campaign will be successful. Look away now, Mr Salmond.
You can download the full report here - http://revents.info/l/59g

For further information, please contact David Clark.

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