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An independent Scotland would have a banking system too big to save in a crisis and may lack the resources to compensate depositors, the Treasury said in a study into the economic implications of a U.K. breakup.
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An independent Scotland would have a banking system too big to save in the event of a crisis and may lack enough resources to compensate depositors, the U.K. Treasury said, in a study into the economic implications of the nation breaking away from the rest of the country.
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U.K. Treasury ministers said that Scotland would need to establish its own financial regulator if it voted for independence in 2014.
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Relocating Britain’s nuclear missiles from Scotland in the event of the country winning independence could take “a generation,” said Malcolm Rifkind, chairman of the U.K. Parliament’s Intelligence and Security Committee.
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Following is a list of terrorist attacks before the general elections scheduled for May 11. At least 121 people have been killed and 496 injured since violence began last month.
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Pakistan began counting votes from its landmark parliamentary election after polls were extended for an hour to enable long lines of people to take part.
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Following is a list of terrorist attacks before the general elections scheduled for May 11. At least 114 people have been killed and 470 injured since violence began last month.
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Following is a list of terrorist attacks before the general elections scheduled for May 11. At least 89 people have been killed and 418 injured since violence began last month.
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Mighty River Power Ltd. rose 4.8 percent on the debut of New Zealand’s biggest initial public offering, rewarding investors and supporting Prime Minister John Key’s asset sales program.
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A majority of Scottish voters want the U.K.’s Trident nuclear missiles replaced when they are decommissioned, according to a poll published today.
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