Banking
Cash Management

Independent Scots Want to Keep the Pound

Image

An annual survey has revealed that most Scots think an independent Scotland should retain the use of the pound.

According to the Scottish Social Attitudes survey, 68% of Scots would prefer to see an agreement in place with the rest of the UK to keep using sterling. Fourteen percent opted for using a new currency.

The ScotCen Social Research survey also found that the appetite for independence had increased compared to last year’s findings.

A co-director for the survey, Research Consultant John Curtice, said:

"Support for independence has only increased because those who are convinced it would be beneficial for Scotland are more willing to put their cross in the Yes box.”

Financially Worse Off

The report also found that there was more independence uncertainty amongst women living in Scotland.

According to the research, based on opinions captured between May and June of this year, 73% were unsure what it would bring. Sixty-three percent of men were likewise unsure.

The most devastating blow for the ‘Yes’ campaign however came over fears of an independent economy. Last year, 29% thought they would be worse of. This year suggests 39% of people have such worries.

A further 39% did not feel it would affect their personal wealth. Just 10% thought their personal finances would be ‘a little’ or ‘a lot’ better off.

In regards to the overall economy 44% thought an independent Scotland would be less wealthy, a ten point increase from last year.

Very Likely to Vote

The timing of the research means that opinions were taken ahead of the live television debate between Scotland’s First Minister Alex Salmond and the Better Together chief Alistair Darling.

However, they were taken after Chancellor George Osborne and other senior politicians ruled out a pound share agreement.

This year’s report also found that 74% of Scots are preparing to go to the polls on September 18. This is an increase of 13% from 2013’s results. The findings also reported:

• 25% would vote Yes (up from 20%
• 43% would vote No
• 29% were undecided
• 68% wanted a currency union
• 14% backed a new currency
• 6% wanted the euro as Scotland’s new currency

The report also suggested that just 8% of people would support continued use of the pound without a union with the rest of the UK. Four percent said they were undecided.

Share this page:

In this section

Nick Hamilton to Join Oakley

Oakley Capital Management Limited announced that Nick Hamilton, Head of Institutional Business at Colonial First State in Sydney to work in its retail asset management business.

READ MORE →

Pay-Day Loans Masking UK’s Credit Crisis

The growth of the pay-day loan and ‘debt management’ industries could be masking the full extent of the personal debt crisis in the UK, warns top 25 accountancy firm, Wilkins Kennedy LLP.

READ MORE →

Preston Joins Move Your Money

The people of Preston in Lancashire are being urged by their council to join Move your Money in a bid to create a better financial system.

READ MORE →

Main Catalyst Behind People Switching Banks

Penney Frohling, Partner in Financial Services at EY, commenting on the Payments Council's six-month results for the new Current Account Switch Service

READ MORE →

Consumer Credit Firms Must Raise Advertising Standards, Says FCA

Statistics show that one in five adverts from consumer credit firms, for products including payday loans, fell short of the FCA's financial promotion expectations.

READ MORE →

Bank of England Maintains Interest Rates at Record Low

UK interest rates have been held again by the Bank of England. They remain at a record low of 0.5%.

READ MORE →