Power Of Scotland is a newspaper about the power industry, given away as a business supplement with The Times. An alert contributor pointed us to an intriguing article in the latest edition from regular Scotsman columnist Peter Jones, which offers a rather more nuanced account of the industry’s view of independence than you might expect.
If you’re pressed for time we’ve pulled out a couple of the more interesting passages.
“Scottish independence doesn’t just put Scottish public finances in a better position, it also puts the UK in a worse place.”
“Would an independent Scotland be advantageous to the industry or not? The key word here is “stability”. Arguably, the UK government blew that card when it hiked supplementary taxes in the March 2011 budget and, despite subsequent concessions, many in the industry still feel angry about it. So there is an argument for saying that the devil we don’t know might be better.”
As the UK government continues to publicly rubbish the oil industry’s prospects with suspiciously gloomy predictions of lower production and prices – which surely can’t do oil company shares any good – it’ll be fascinating to see which way it might jump.