Scottish independence: two nonsense assumptions

The Scottish independence debate has thrown up a couple of consensus assumptions that could do with more challenging, says Merryn Somerset Webb.

August is festival time in Scotland. For weeks, no evening has been allowed to pass without an outing to a comedy show, and no weekend without a self-improving visit to a book festival.

So I found myself last weekend at the generally excellent Beyond Borders festival at Traquair House. I sat through a variety of talks that I am pretty sure improved me, one way or another. Then came the independence debate ("Time to decide"), which I am absolutely certain did not.

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Merryn Somerset Webb

Merryn Somerset Webb started her career in Tokyo at public broadcaster NHK before becoming a Japanese equity broker at what was then Warburgs. She went on to work at SBC and UBS without moving from her desk in Kamiyacho (it was the age of mergers).

After five years in Japan she returned to work in the UK at Paribas. This soon became BNP Paribas. Again, no desk move was required. On leaving the City, Merryn helped The Week magazine with its City pages before becoming the launch editor of MoneyWeek in 2000 and taking on columns first in the Sunday Times and then in 2009 in the Financial Times

Twenty years on, MoneyWeek is the best-selling financial magazine in the UK. Merryn was its Editor in Chief until 2022. She is now a senior columnist at Bloomberg and host of the Merryn Talks Money podcast -  but still writes for Moneyweek monthly. 

Merryn is also is a non executive director of two investment trusts – BlackRock Throgmorton, and the Murray Income Investment Trust.