Scottish Elections under the microscope

The Scottish National Party (SNP) won a fourth term in power in the recent Scottish election. Despite falling one seat short of absolute majority, with the backing of the Greens, they will be able to form a pro-independence coalition. What does this mean for the Scottish independence referendum and how will it impact investors and the economy?

Welcome to another week of Macro Matters. In this episode our host Stephanie Kelly is joined by Luke Bartholomew, Senior Monetary Economist at Aberdeen Standard Investments. With the results of the recent Scottish elections,  eyes turn to the question of independence and its impact on the UK economy.

Part 1 begins by discussing the pre-election political context in the UK and the key takeaways from Scottish and local English elections.

Part 2 discusses the path and barriers to a Scottish independence referendum and explore what Scottish independence would mean for monetary policy, currency and the Scottish economy.