According to the analysts of J.P. Morgan, one of the biggest banks in the USA and the entire world, Scotland will hold a referendum to quit the United Kingdom and get complete independence. By 2019, the local authorities will have introduced their own national currencies to replace the British Pound. This is what The Daily Telegraph reports with reference to Michael Barr, who is the the leading expert at J.P, Morgan.
In particular, Mr. Barr says that the successor to David Cameron will complete the procedure of quitting the European Union as the Prime Minister of Great Britain. This Brexit is going to be based on the Treaty of Lisbon. The expert expects the procedure to be completed in late 2016.
At the same time, he says that Scotland is going to hold its own referendum in the near future to let the people of Scotland decide whether they want to stay a part of the United Kingdom or quit the union and gain complete independence. If they decide to leave, Scotland will have to introduce its own national currency.
For those of you who don’t know, 62% of Scottish voters were against the Brexit while the overall results happened to be on their opponents’ side. When the referendum results were revealed, the EU authorities urged the British colleagues to start putting the Brexit plan into practice instantly. However, the Brexit plan is not an instant process. It is definitely going to take some time to be completed. Experts say that this is not going to happen until 2019.
At the same time, First Minister of Scotland Nicola Sturgeon commented on the referendum results by saying that Scotland wants to stay a part of the European Union and is going to hold another referendum aimed at quitting the United Kingdom instead. For those of you who don’t now, Scotland already held such a referendum in 2014. Back then, people decided to stay a part of Great Britain.
