Former UK Bank Chief Dismisses “Scaremongering” Claims Over Scottish Independence

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The former Chairman and Chief Executive of one of the UK’s biggest banks, the Royal Bank of Scotland, Sir George Mathewson has dismissed as “scaremongering” claims made by pro-UK politicians that Scottish independence will have a negative impact on the financial markets.

EDINBURGH, September 9 (RIA Novosti) – The former Chairman and Chief Executive of one of the UK’s biggest banks, the Royal Bank of Scotland, Sir George Mathewson has dismissed as “scaremongering” claims made by pro-UK politicians that Scottish independence will have a negative impact on the financial markets.

“The No Campaign's scaremongering is derisory, damaging and desperate… This is a time for common sense to replace the politicking of Westminster politicians,” Matheson said in a statement issued Tuesday.

“Scotland choosing to determine its own future is a very sound proposition not just for people here but for the wider British economy and the financial markets,” Sir George added.

Scots will go to the polls on September 18, and will be asked one question only, “Should Scotland become an independent country?”

There is an increased concern at Westminster that Scots voters are likely to back independence that could end the 307-year-old union between Scotland and England, as the most recent YouGov opinion poll showed for the first time that the majority of Scots would say "Yes" during the voting.

If the majority of Scots vote for independence during the upcoming referendum, then on March 24, 2016 Scotland will secede from the United Kingdom.

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