Scotland vote jolts the markets

The rapid advance of the Yes campaign in the last few days has unsettled investors.

The markets have ignored the impending Scottish referendum for most of this year. But in the past few days the rapid advance of the Yes camp has induced a panic attack in markets to match the one at Westminster.

As the three party leaders flew up to Scotland, it emerged that asset managers, investors and pension savers were moving billions out of Scotland. Pensions and insurance giant Standard Life said it was planning to move much of its business to England in the event of a Yes.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.