Scottish independence fervor at it highest level alongside strong euroscepticism

Maryam Cockar Sharecast | 15 Mar, 2017 10:27 | | |

scotlandflag

Support for Scottish independence is at its highest level ever recorded according to a survey, but it also revealed that the majority of Scots hold eurosceptic views.

This poses a problem for First Minister of Scotland Nicola Sturgeon as she sets a deadline for a new independence referendum for spring 2019.

According to Scottish Social Attitudes, two thirds of voters were critical of the European Union, 25% wanted to leave the bloc and 42% wanted to reduce its power.

The survey, which was carried out at the end of last year, also revealed that 46% of Scottish voters wanted independence from the UK - the highest level of support for independence since the survey began in 1999.

Of the 46% who wanted want independence, 21% also want to leave the EU and 41% want the bloc’s power to be reigned in.

In September 2014, Scotland voted against independence by 55.3% to 44.7% and at the time, according to Scottish Social Attitudes, 17% of Scots wanted to leave the EU while 36% thought it was too powerful.

On Monday, Sturgeon tabled a second independence referendum because Westminster is seeking a 'hard' Brexit - leaving the European single market and customs union - which was why a second plebiscite was needed for Scotland.

But the eurosceptic findings pose a problem on her pro-EU views and how the Scottish National Party will frame the independence campaign.

Angus Robertson, the Scottish Nationalist Party's leader in Westminster, told the Guardian on Tuesday that “there may only be days, may only be weeks” for the government to reach a “compromise agreement” for Scotland to be a member of the European single market and to avoid a second independence referendum.

He said: “If that road runs out and if we have to have that referendum, we will be turning our attention to making sure that we are making the case publicly, intellectually and in every other way so people understand the choice of a hard Tory Brexit Britain or a Scotland able to maintain its relations with the rest of Europe.”

More news

27 Mar US close: Stocks end mostly lower amid doubts about Trump agenda

US stocks ended mostly lower on Monday, with the Dow notching its longest losing streak since August 2011 amid growing doubts about President Donald Trump’s ability to push through his economic agenda.

27 Mar Fed's Evans sounds dovish note

A top US central bank official sounded a relatively dovish note on Monday.

27 Mar Bonds: Treasuries start week on a strong note, Bunds underperform

These were the movements in the most closely-followed 10-year sovereign bond yields: US: 2.37% (-4bp)UK: 1.17% (-3bp)Germany: 0.42% (-0bp)France: 0.97% (-1bp)Spain: 2.20% (-3bp)Italy: 2.20% (-3bp)Portugal: 4.08% (-6bp)Greece: 7.26% (-15bp) Japan: 0.06% (-1bp)

27 Mar Europe close: Stocks end lower, but off worst levels

Europe' main indices traded lower on Monday as doubts over US president Donald Trump’s agenda crept in, sending the euro higher, despite an upbeat reading on German business confidence and positive news on the political front in the Eurozone's largest nation.

27 Mar London close: FTSE falls on resources, financials as Trump's ability to deliver scrutinised

Equities in London closed the day much lower with investors selling resources stocks and heading for gold on doubts about whether US President Donald Trump will be able to deliver on his healthcare and fiscal stimulus promises.

27 Mar Directors dealings: Babcock chief, chairman buy on weakness

Babcock's boss and chairman both picked up shares in the company they lead at the start of the week.

27 Mar US open: Dow heading to longest losing run in 6 years on Trump concerns

US stocks opened lower on Monday putting the Dow on track for its longest losing streak since 2011 amid growing doubts about President Donald Trump’s ability to push through his economic agenda.

27 Mar Tuesday preview: Ladbrokes Coral and Wolseley results due

Tuesday's financial calendar sees Ladbrokes Coral and Wolseley among the larger of those reporting results, while headlines may be grabbed by the Scottish Parliament as it votes on whether to support a second independence referendum the day before Theresa May's planned announcement about kicking off the Brexit negotiation process.

27 Mar FTSE 250 movers: Inchcape motors on; miners lose their lustre

A positive note on Inchcape saw shares in the automotive services and retailer lead the risers on the FTSE 250.

27 Mar Exova confirms discussions with potential suitors

Exova Group, noting recent market speculation, confirmed on Monday it received proposals from Element Materials Technology, Jacobs Holding and PAI Partners SAS regarding a possible cash offer for the company.