Votes are already in, showing a win for the opposition to Scotland’s secession from the U.K. Despite the win, there are still some effects that are surfacing immediately after the polls closed due to the slim margin of the win; 55% in favor of NO; 45% in support of independence. The fact that the margin on this vote was so slim has proven to scare the spectators who have been watching this decision. The complications of a “yes” vote on Scottish independence expand to far beyond just the United Kingdom. Talk of independence between Scotland and the U.K. is being carefully watched by the rest of Europe, wherein regions of different countries are expressing the same push for independence. Ramifications of such a precedent of exodus will flow into…show more content… are affecting the validity and sustainability of Scotland’s public debt. Its ability to take on debt and grow its infrastructure are immediately being doubted worldwide by the banks whom issue the nations credit rating. There are many Economists who hold an extremely doubtful position on how economically viable Scotland can be on its own. With Scotland’s public spending and it’s decline in North Sea Oil revenue, Scotland’s financial sustainability would be severely halted if it were to become independent. Economically, an independent Scotland would destroy the financial sustainability of both Scotland and the U.K as a whole. With the secession of Scotland, as written in The Daily Sabah, the U.K would lose more than half of its tax revenues, with an estimated 300 billion pounds in the last 40 years. Along with this, an increasing debate about whether or not Scotland would be able to keep the pound has the Scottish government worried. If Scotland were to become independent, the Scottish government would want to keep the pound as part of a formal currency union with the U.K, but all three main political parties at Westminster have said an independent Scotland would not be allowed to continue to use sterling. Currency for an independent Scotland would raise a multitude of debates and continue to stall its financial responsibilities. To be a part of the globalized economy, remaining with the union would be Scotland’s greatest chance for
