Scottish Businesses Face Many Questions After 'No Vote

The transcript discusses the market's relief following a no vote on Scottish independence, highlighting the positive impact on share prices, particularly in the banking sector with RBS and Lloyds. Concerns about regulation, currency, and taxation are addressed, alongside the implications of devolution. The impact on industrial and transport companies is noted, with share prices rising due to reduced uncertainty. Future considerations include potential regulatory and taxation changes, with a call for careful handling to maintain economic stability.

What was a major concern for banks like RBS and Lloyds regarding Scottish independence?

• The rise in interest rates

• The potential need to move their headquarters

• The increase in employee salaries

• The decrease in customer base

How did the 'no' vote on Scottish independence initially affect share prices?

• Share prices were unaffected

• Share prices remained stable

• Share prices fell significantly

• Share prices rose

What is a potential future challenge for RBS and Lloyds despite the current relief?

• Higher interest rates

• Ring fencing around Scottish elements of their business

• Increased competition from new banks

• A decrease in customer trust

Which sector is likely to face challenges due to currency changes?

• Technology sector

• Industrial companies

• Healthcare sector

• Retail sector

What concern did distillers like Diageo express regarding the devolution of power?

• Lack of skilled labor

• Decreased demand for their products

• Higher regulation and taxation

• Increased competition from international brands