Sterling suffered its biggest one-day fall in more than a year and some businesses and consumers in Scotland started moving bank deposits to England amid growing investor concerns over a potential Yes vote in next week’s independence referendum.
George Osborne, UK chancellor, has promised “a plan of action to give more powers to Scotland”, including more control over taxes and job creation, if the country rejects independence on September 18.
But fears over Scotland’s financial sector have increased after a Sunday Times/YouGov poll gave the Yes side a narrow lead, indicating that the 307-year old union was under serious threat.
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