The Spectator

An independent Scotland would now be bankrupt

This time two years ago, the United Kingdom stood on the brink of dissolution. The referendum on Scottish independence hung in the balance and momentum was with the nationalists. The optimism and energy of Alex Salmond’s campaign stood in admirable contrast to the shrill hysteria of Project Fear, the name given to a unionist campaign that churned out ever-less-credible warnings about what would happen after separation.

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