How would Scottish Independence affect business?

26 June 2012

On Tuesday 26 June the House of Lords Economic Affairs Committee will quiz the Institute of Directors and the Confederation of British Industry about how business and industry might be affected by Scottish independence.


At 3.35pm, Tuesday 26 June, Committee Room 1, Palace of Westminster

  • Simon Walker, Director General, Institute of Directors
  • John Cridland, Director General, Confederation of British Industry

As part of the Committee’s inquiry into the potential economic impact of an independent Scotland, the Committee will ask Simon Walker (Director General at the Institute of Directors) and John Cridland (Director General at the CBI) about subjects ranging from currency to immigration to regulation. The consequences of Scottish independence on business throughout the UK and specifically the north of England and border regions is the subject of much uncertainty, and witnesses will face questions about how investment flows might be affected, whether there are differences in innovation between Scotland and the rest of the UK, and whether an independent Scotland would remain in the EU.

Specifically, the Committee will ask:

  • Would independence lead to migration of companies?
  • How do the economic structure and business environment differ between Scotland and the rest of the UK?
  • Would any business sectors be particularly affected by Scottish independence?
  • How might the introduction of different corporate and personal tax rates in Scotland affect business and industry in the wider UK?

Further Information

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