UK has shot itself in the foot however Scotland votes, says Woodford

Neil Woodford, one of the UK’s best known and best performing fund managers, thinks the UK is set for a period of ‘extraordinary economic and political uncertainty’, whatever the outcome of yesterday’s independence referendum in Scotland. ‘The UK has already crossed a constitutional Rubicon regardless of which way the vote goes’, Woodford writes. A ‘Yes’ vote would obviously bring a prolonged period of instability while the terms of separation were thrashed out, but Woodford argues that even with a ‘No’ vote, the UK would experience increasing fragmentation of governance – ‘effectively the federalisation of the UK’. 'Devo Max' In the...

Neil Woodford, one of the UK’s best known and best performing fund managers, thinks the UK is set for a period of ‘extraordinary economic and political uncertainty’, whatever the outcome of yesterday’s independence referendum in Scotland.

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