An independent Scotland would jeopardize pensions and raise costs for companies, Chief Secretary to the Treasury Danny Alexander will say today as he reiterates the U.K. won’t agree to a currency union.
Spain’s bond rally shows no signs of abating, even after a report showing the government’s struggle to reorder public finances continues to threaten a recovery in the euro region’s fourth-largest economy.
Standard Life Plc, the life insurer founded in Scotland in 1825, said it’s preparing to shift business elsewhere should voters opt for independence from the U.K. and risks around the currency and regulation increase.
Aggreko Plc Chief Executive Officer Rupert Soames warned of the financial cost to companies should Scotland leave the U.K. and lose the pound, while other business leaders said they would cope with any currency.
Anglo Irish Bank Corp.’s loans to 16 clients to buy shares in the lender as former billionaire Sean Quinn’s family unwound a derivatives position were a “last roll of the dice,” the bank’s one-time chief financial officer said at a Dublin trial.