Scottish independence: Should the CBI be worried about a Yes vote?

Business body the Confederation of British Industry (CBI) said it was concerned about the knock-on effect a Yes vote could have on defence; financial services; energy; food and drink and higher education. The BBC's Marianne Taylor and Jamie Ross examine these five areas to see who has voiced worry and who has expressed hope.

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1. Defence
BAE worker

The Scottish government would remove Trident nuclear weapons from the Clyde and establish a Scottish Defence Force with 15,000 full-time personnel and 5,000 reservists in the event of independence.

The money saved from Trident would be spent on childcare, First Minister Alex Salmond has said.

However, in a paper on defence in an independent Scotland, UK Defence Secretary Phillip Hammond said thousands of jobs would be lost and that defence of the UK would be harmed.

Defence contractors such as BAE and Babcock have also raised concerns about independence.

BAE said the Union "offered greater stability", while Babcock said a "Yes" vote could lead to "risk and uncertainty".

More reading....

BAE Systems: UK offers 'stability'

Babcock raises independence concerns

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2. Financial Services
Lloyds TSB sign

A number financial institutions, including Lloyds, Barclays and Standard Life have raised concerns about independence. They have asked questions about tax and regulatory systems, the currency and EU membership.

The Scottish government's White Paper has proposed cutting corporation tax and to share with the rest of the UK the Bank of England and some financial regulation services.

It also laid out plans to continue using sterling in a currency union with the rest of the UK, a position the UK Chancellor George Osborne and the other main Westminster parties have ruled out.

Governor of the Bank of England Mark Carney said a currency union would require some ceding of sovereignty in the event of an independent Scotland.

Credit ratings agency Standard and Poor's said it could be beneficial to an independent Scotland if the size of its financial sector was reduced.

More reading..

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Banks: Yes vote a 'potential risk'

Carney warning over Scots pound plan

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3. Energy
lightbulbs

Oil and gas is central to the independence debate, with the Scottish and UK governments setting out competing visions for its future.

Both have accepted the recommendations of retired businessman Sir Ian Wood's report on the future of North Sea oil and gas.

Critics of independence claim an independent Scotland would be too reliant on volatile revenues from oil. The Scottish government disagree, saying the two oil funds it plans to create following a "Yes" vote would ensure the economy coped with such volatility and save for future generations.

Elsewhere, pro-Union supporters claim energy bills would rise in an independent Scotland, while the Scottish government says costs for consumers would go down as Scotland's markets for green energy expanded following independence.

More reading....

Rival North Sea oil visions set out

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4. Food and Drink
Scotch whisky

Scotland has a big food and drink industry which is seeing rising exports and an annual turnover of around £12.4bn.

The Scottish government's White Paper said that the UK's proposed EU referendum presents a threat to this growing industry, as it would risk losing the backing of the EU's trade agreements.

Moreover, 18% of Scotland's overseas exports are in food and drink, as opposed to 1.5% for the UK as a whole, so the Scottish government say that an independent Scotland could prioritise the industry.

However, the UK government's paper on business implications of independence says that Scotland's food and drink sector exports £24.5bn of annual exports to the rest of the UK, and independence would risk the continuity of that market.

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5. Higher Education
Students in lecture

In 2011/12, there were 167,365 full-time students in Scottish higher education institutions, with five universities in the world's top 200.

The UK government say that this is only possible through UK funding, stressing that Scotland secures 13.1% of the UK total of research grants, while only accounting for 8% of UK GDP, or 8.4% of the UK population.

However, the Scottish government has criticised the UK government's "increasingly market-driven approach to higher education". It says that in an independent Scotland, Scottish students would continue to get free access to higher education, while continuing to charge students from the rest of the UK.

Academics Together, a pro-Union group, say this would cause a massive funding gap. However, Academics For Yes say a "No" vote risks cuts in the Scottish block grant, and loss of access to EU funding.

More reading....

EU law risk over Scots tuition fees

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Scotland Live

  1.  
    Commonwealth travel - your views 10:02: Via SMS

    Derek in Port Glasgow: Typical, after a fantastic start to the games the negativity starts. My wife and I came to Glasgow on Saturday and had a brilliant day between the merchant city festival and Glasgow Green. The whole place was electric. We came up on the train from Inverclyde with absolutely no problems.

    Paul: Great day at rugby on Saturday, packed trains, as expected, no problem. Massive queue for subway to Ibrox, we were sent to shuttle bus which was empty.

    Anon: Yesterday's park and ride shambles was unacceptable, no matter how organisers try to gloss it over. All these highly paid suits should have known that Sunday would be exceptionally busy. Totally unacceptable that people who paid for rugby tickets should miss the first two matches. Catering and ladies toilets were a disorganised shambles. Yesterday's incompetence ruined the Games for too many.

     
  2.  
    More buses promised 09:55:

    Glasgow 2014 organisers have promised more shuttle buses to avoid the delays that marred the first day of athletics at Hampden Park.

    Queues outside Hampden

    Hundreds of spectators waiting at park and ride centres missed the start of proceedings on Sunday afternoon.

    And there was further frustration as large queues formed at the turnstiles and streets around the stadium.

    The athletics continues at Hampden today.

     
  3.  
    Front pages 09:51:

    Glasgow 2014 continues to dominate the front pages of Scotland's newspapers.

    Scotland's front pages

    The Daily Record leads with a picture of 13-year-old Erraid Davies, who is the Commonwealth Games' youngest ever medallist, and the headline: "Too pool for school".

    Meanwhile, the Scottish Sun leads with judo guru Billy Cusack leading Scotland to Commonwealth Games glory just minutes after hearing his father had died.

    The Scottish Daily Mail leads with a full-page picture of the yesterday's men's marathon on the streets of Glasgow and talks of the city's "Super Sunday".

    See all the front pages here.

     
  4.  
    Commonwealth travel - your views 09:35: Via SMS

    Doug from Ayr: I am due to be at athletics on Friday evening and chose to book the park and ride at Silverburn which were advised to do. As they say it is not rocket science. They know how many people are booked so they must be able to work out how many buses are needed.

    Anon: They've had years to organise this. Totally inept.

    Anon: Park and ride at Eurocentral this morning. Absolutely perfect. Straight on.

    John in Glasgow: The transport getting to various places is a shambles. No one knows how to get anywhere, empty buses are shocking. We will get pointless apologies and nothing will change. Great sport, rubbish organisation.

    Peter in Glasgow: Great time at Velodrome yesterday and no problem with trains. Hampden tonight, so I hope the park & ride is sorted.

     
  5.  
    Best moments so far? 09:14:

    Ross Murdoch's victory in the pool? Euan Burton's judo gold? Royal Marine Chris Sherrington's salute to the crowd?

    Ross Murdoch

    BBC Scotland's reporters share some of their favourite moments of the Games so far. What are yours?

    Send us your comments and pictures using #ScotlandLive, by email or by text on 80295.

     
  6.  
    Man charged over pensioner attack 09:06:

    A 23-year old man has been charged with the attempted murder and sexual assault of an 85 year-old-woman in Edinburgh.

    Morningside attack site

    The attack happened in Morningside on 11 July.

    The man is due to appear at Edinburgh Sheriff Court later.

     
  7.  
    Proud parents 09:04:

    "I just managed to stop crying but it was difficult, it was amazing, absolutely amazing. That's the only word to describe it."

    Those are the words of David Davies, father of 13-year-old Scots sensation Erraid, who won a bronze medal in the para-sport 100m breaststroke last night.

    Erraid Davies with parents

    Erraid's coach Lorraine Gifford told BBC Radio Scotland she predicts big things for the teenager, including a trip to the Paralympics in Brazil in 2016.

    Watch Erraid's parents speak to BBC Scotland's Lisa Summers and give their reaction to her success.

     
  8.  
    Do the Rumgay 08:54: Graham Fraser BBC Scotland

    We have seen the 'Mobot' and the 'Lightning Bolt'. Now it is time for the 'Rumgay'.

    The Scottish table tennis star, in a match against Canada, celebrated with a 'wedgie'.

    Rumgay celebration

    He has now challenged Bolt to a celebration face off.

    The fastest man on earth may accept. The again, after seeing the picture above, he may put on those gold shoes of his and run to the nearest airport.

     
  9.  
    Morning Call 08:34: BBC Radio Scotland

    It was a massive weekend for Glasgow with an estimated 700,000 visitors to the city for the Commonwealth Games. While this has seen a big boost for the hospitality sector, it hasn't all gone smoothly, with travel delays starting to bite.

    Presenter Cathy Macdonald asks: how are you coping with the Commonwealth Games?

    Also, with women's boxing taking its place at the Games for the first time, we'll be talking to Olympic champion Nicola Adams's mum. How would you feel if your daughter wanted to be a boxer?

    Call 0500 92 95 00, text 80295 or email morningcallscotland@bbc.co.uk.

     
  10.  
    08:20: Via Twitter BBC Scotland Travel Latest

    Games - heavy exit slip cos of the volume of Games traffic on M8 Westbound at J19 Anderston

     
  11.  
    Today at the Games 08:19:

    Scottish highlights today include two-time Paralympic silver medallist Libby Clegg racing in the T12 100m at the athletics in Hampden.

    Libby Clegg

    Elsewhere, Alex Marshall and Paul Foster could win gold for Scotland in the lawn bowls pairs. Their match against Malaysia will begin at 12:45.

    Wales will play Scotland's women in the hockey at 16:00, while Commonwealth champion swimmer Hannah Miley is in action again in the pool in the 800m freestyle alongside Camilla Hattersley.

    The men's 100m sprint qualifying continues at Hampden, with the likes of the Jamaicans Nickel Ashmeade, Jason Livermore and Kemar Bailey-Cole taking on English hopes Adam Gemili, Richard Kilty and Harry Aikines-Aryeetey.

    Meanwhile, Olympic champion Nicola Adams will begin her challenge in the boxing ring.

    Remember, you can keep across all the action on the BBC. Watch on TV from 09:00, online and listen on the radio.

     
  12.  
    Your first time? 08:11: Marianne Taylor BBC Scotland news

    I had an absolutely fantastic time at the team Badminton at the Emirates last night, where England beat India in an electrifying best of five matches across singles, doubles and mixed doubles.

    Badminton at the Emirates Arena

    I'd never seen live elite badminton before - it was fast, furious and hugely competitive. Which sports have you seen for the first time and what was the experience like?

    Tweet us your thoughts and pictures to #ScotlandLive, email them here or text us on 80295.

     
  13.  
    Eyes on the prize 08:00:

    Team Scotland remain just one gold away from their best-ever Commonwealth Games total and are edging closer to matching their overall best for all medals.

    After Sunday's successes, Scotland have 30 medals following four days of events.

    Scotland's judo team collected 14 medals in Glasgow

    Our best-ever total was 33 medals in Edinburgh, in 1986, a Games boycotted by many African, Caribbean and Asian nations.

     
  14.  
    Good Morning Scotland 07:54: BBC Radio Scotland

    Gary Robertson is live on air bringing you the latest national and international news and analysis.

    Listen live to Good Morning Scotland here.

     
  15.  
    Games travel 07:40: BBC Scotland Travel Latest

    The athletics started yesterday at Hampden, so Mount Florida station, Battlefield and the immediate area around the stadium is going to be very, very busy for the next six days.

    The first session starts at 10:00 with doors opening two hours before, so plan your journey carefully and make sure you leave plenty of time.

    Following yesterday's park and ride problems, organisers say they're putting more resources into the system from today.

    At the Barry Buddon Shooting Centre in Carnoustie, public transport and roads are expected to be particularly busy today and tomorrow. The centre is about a 40-minute walk from Carnoustie railway station.

    Generally speaking, if you are catching a train this morning, services towards Central station from Ardrossan, Largs, Paisley Canal, East Kilbride, Neilston, Newton, Motherwell, Lanark and Larkhall are all expected to be exceptionally busy.

    Peak services to Queen Street station from Stirling, Perth, Cumbernauld, Falkirk and Edinburgh via Airdrie are expected to be the same.

     
  16.  
    Yesterday at the Games 07:33: Graham Fraser BBC Scotland

    It was another great day at the Commonwealth Games for Scotland yesterday.

    The undoubted highlight was the success of Erraid Davies, the 13-year-old swimmer from the Shetland Islands.

     Erraid Davies

    Erraid, the youngest competitor at Glasgow 2014 and Team Scotland''s youngest ever competitor, won a bronze medal in the SB9 100m breaststroke. and her smile melted many a Scottish heart.

    Chris Pritchard proposes to girlfriend in the velodrome

    While we are all feeling a bit soft, how about the moment Scottish cyclist Chris Pritchard proposed to his partner Amanda Ball in the stands of the Sir Chris Hoy Velodrome after racing in the keirin?

    In all, there was two silver medals and three bronze for Scots. There was a second silver of the Games for Aileen McGlynn and Louise Haston in the para-sport tandem time trial. McGlynn also became engaged after her triumph.

    Katie Archibald took bronze in the women's cycling 25k points race in the velodrome, while in the pool Scotland took silver in the 4x200m freestyle relay and Hannah Miley won bronze in the 200m individual medley.

     
  17.  
    Today's weather 07:17: Christopher Blanchett BBC Weather presenter

    It'll be a misty start in places with some patches of low cloud. This should burn off quite quickly to leave a dry morning with bright spells. Through the day it stays dry with bright or sunny spells and light winds.

    The best of the sunshine is likely to be around the coastline with cloud building at times inland. Afternoon highs around 20C to 21C, with a few spots climbing to around 23C in west central Scotland and the south.

     
  18.  
    Latest updates
  19.  
    Welcome 06:59: Marianne Taylor BBC Scotland news

    Good morning and welcome to BBC Scotland Live. We'll be here until 23:00 bringing you all the latest news, sport, weather and travel from throughout the country.

    It's Day five of the action at Glasgow 2014 and there are 27 medals to to be won - we'll have all the latest Team Scotland news as it happens.

    Send us your comments and pictures using #ScotlandLive, by email or by text on 80295.

     

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