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Lords criticises UK and Scottish Governments

The Lords Economic Affairs Committee has criticised the UK and Scottish Governments for failing to be open with Scottish voters about the economic impact of a ‘Yes’ vote to Scottish independence in the 2014 referendum.

“We took evidence from both Governments, other key politicians, a wide range of businessmen, and business organisations, academics and other economic experts. Our Report is based on their evidence.

"Nearly all of them shared our concerns."

"We hope that our report provides a road map for all the key issues – single market, division of assets and liabilities, North Sea oil, currency, taxation and debt, international issues including membership of the EU and defence."

– Lord MacGregor, Chairman, House of Lords Economic Affairs Committee