The Scottish independence debate hots up

Up until now, it has looked as though the pro union movement was never really going to get off the ground in Scotland. But that seems to be changing, says Merryn Somerset Webb.

If you don't live in Scotland, you might not have noticed the beginning of the fight back against Alex Salmond's plans for Scottish independence.

On Saturday, the Times kicked things off with a cover that claimed that independence would threaten university research cash. The UK hands out £3bn every year to universities for various types of scientific research, and there is no reason, says Professor Louise Richardson, the Principal of St Andrews University, to assume that Scotland would be able to "buy in" to that after independence, something that could be "catastrophic" for the universities.

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Merryn Somerset Webb
Former editor in chief, MoneyWeek