NatWest will move its headquarters out of Scotland soon after 294 many years if the nation gets to be unbiased, chief government Alison Rose has reported.
Ms Rose reported the bailed-out bank would be forced to act due to the fact it is simply just too large for the Scottish overall economy to assist. The loan provider – which last year changed its title from Royal Financial institution of Scotland – holds about £770bn of assets, almost 5 times Scotland’s GDP.
In her 1st substantive remarks on the probable crack-up of the Union since using demand of the bank in 2019, Ms Rose reported: “In the occasion that there was independence for Scotland our equilibrium sheet would be too large for an unbiased Scottish overall economy.
“And so we would move our registered headquarters, in the occasion of independence, to London.”
The warning comes days before Scots go to the