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Tuesday, September 16, 2014

The True Costs of Independence

As the consequences of a "yes" vote finally dawn, Britain’s banks have been laying plans lest there be a run on the banks' ATMs in Scotland on Friday after a "Yes" vote.

As such they have, according to the Independent, been moving millions of banknotes to Scotland.
Sources at major banks said they had been issuing clear instructions to their Scottish branches to reassure customers there was no reason to panic.

Aside from bank runs, and losses of corporate headquarters another cost (that has yet to be openly factored in/discussed) is the rebranding of Britain. The loss of the Union Jack will be more than just the flag flying above public buildings, but also its removal from all products currently sporting the image.

Add into that the duplication of bureaucracy and paperwork caused by a divorce of a 300 year old marriage, and you have some very large costs indeed.

I wonder if people really have woken up to the costs of this divorce?

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