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World watching as Scottish vote nears

Tuesday, September 16, 2014 - 01:54

A successful push for Scottish independence is a “geopolitical risk” to the global recovery, the OECD has warned, as the think tank revised down its forecasts for UK growth this year. Ivor Bennett reports.

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Westminster hopes it'll sway the undecided. A pledge to give Scotland more powers should they vote no to independence. The promise comes from the leaders of Britain's three main political parties - brought together by former Labour Prime Minister Gordon Brown in a last-ditch attempt to keep the UK together. SOUNDBITE (English) GORDON BROWN, LABOUR MP AND FORMER PRIME MINISTER, SAYING: "The real way to change is not to separate the rest of Scotland from the United Kingdom. But to have a stronger Scottish parliament with the powers that we want it to have on a timetable that is quick and will deliver swiftly to the people of Scotland." Keen to show their mettle, the yes campaign are refusing to take the bait. Deputy first minister Nicola Sturgeon insisting independence is the only way to guarantee more powers. SOUNDBITE (English) NICOLA STURGEON, SCOTTISH DEPUTY FIRST MINISTER, SAYING: "It's meaningless. They're saying we'll deliver more powers if you vote no but they won't tell us hat more powers they're talking about. They don't agree between themselves what more powers should come to Scotland and we're already seeing MPs from south of the border saying they'll block anymore powers for Scotland." It's not just Westminster that's getting nervous. The OECD has warned a yes vote could hit the global recovery. The uncertainty over currency and taxation is also weighing in Germany, where the UK is a key export market. Together with Ukraine, it's sent investor confidence to its lowest level since December 2012. IG's Alastair McCaig. SOUNDBITE (English) ALASTAIR MCCAIG, MARKET ANALYST, IG, SAYING: "Certainly Friday morning could see markets pretty aggressively moving around. Certainly as far as sterling-US dollar is concerned and the generic strength of the pound is concerned, we've seen it being weighed down with fears of a break-up of the union. And I think if Scotland were to vote yes, I think we would likely see another pretty aggressive leg down. " With just two days to go, polls suggest the vote is too close to call. Whatever the outcome though, it seems Britain as we know it will be no more.

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World watching as Scottish vote nears

Tuesday, September 16, 2014 - 01:54