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HSBC warning over Scotland yes vote

Scotland's economy would be in a "parlous state" if it becomes independent in next month's referendum, the chair of HSBC claims.

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Scotland's economy 'will be in parlous state' if Yes vote

Scotland's economy would be in a "parlous state" if it becomes independent in next month's referendum, the chair of HSBC Scotland claims.

HSBC chairman Douglas Flint. Credit: PA

Douglas Flint, who describes himself as an exiled Scot, warned that sterling currency was an "anchor of stability" for Scotland.

Writing in the Daily Telegraph, he said: "At the extreme, uncertainty over Scotland's currency arrangements could prompt capital flight from the country, leaving its financial system in a parlous state."

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