Standard Life could quit independent Scotland

The pensions and savings firm Standard Life has become the first Scottish firm to warn it has put contingency plans in place to relocate parts of its operations to England if an independent Scotland "were to threaten" its business.

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Alexander: 'Risks of independence becoming clearer'

Chief Secretary to the Treasury Danny Alexander has said that the risks of Scottish independence are "becoming ever clearer". He said: "What we've seen today with Standard Life and RBS are the risks of independence becoming ever clearer."

Chief Secretary to the Treasury Danny Alexander. Credit: David Cheskin/PA Wire/Press Association Images

He added: "It’s common-sense that when you have something that works there will be adverse consequences if you rip it apart. The strength and stability of the United Kingdom is the essential underpinning of Scotland’s successful financial services sector over several centuries.

"These businesses are reasonably and fairly setting out the consequences of the SNP’s dangerous, risky, and unclear plans for independence. I doubt they’ll be the last.”

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