Leading Scottish firms are acting ahead of the referendum later this year to move operations out of the country into the rest of the UK, according to a survey.
The poll - commissioned by the Daily Mail- of 100 businesses with combined sales of more than £15bn and which employ thousands of staff showed that more than a third would consider quitting Scotland, possibly by moving operations elsewhere in the UK or by moving their legal headquarters south of the border. The damage to Scotland's £102bn economy of such a substantial relocation would be considerable. Major financial firms such as banks RBS and Lloyds are likely to have to move their legal homes - their registered offices - to London following a European Union directive that they must...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
