The economic implications of Scottish independence

16 July 2012

The House of Lords Economic Affairs Committee will take further evidence tomorrow on the potential economic impact of Scottish independence, when it questions the British American Security Information Council and Professor Iain McLean.

The Committee will ask the witnesses about how assets including defence assets would be allocated, following written evidence from Professor McLean about possible changes in the SNP’s attitude to membership of NATO, and about the potential difficulties in finding an alternative site for a UK nuclear submarine base.

Witnesses will also be asked about issues such as banking and currency, tax policies and how governance structures across the UK might be affected by Scottish independence.

The evidence session will start at 3.35pm, Tuesday 17 July in Committee Room 1 of the House of Lords. The evidence session will be broadcast live at