Exploration & Production

If the ayes have it

If the yes vote triumphs in the Scottish referendum on Thursday, it will put Scotland on the track to independence If the yes vote triumphs in the Scottish referendum on Thursday, it will put Scotland on the track to independence.
By Catriona Scott 15 September 2014 0 24364
Yes campaigners. The process of separation from the rest of the UK would take at least 18 months. (PA)

Scottish independence is tentatively scheduled for March 2016 in the event of a yes vote in Thursday’s referendum, but this could be delayed. Governments on both sides of the border would have a lot to negotiate regarding the terms of the divorce, with the process taking place over at least the next 18 months and likely to be acrimonious. During this period, the many questions on how Scotland should manage its finances and assets – not least of them oil and gas – would also have...