Why retailers may have to backpedal if Scotland votes Yes
By Ian Humphris
Bosses at a number of prominent UK retailers, including Marks & Spencer, B&Q, Asda and the John Lewis Partnership have weighed in on the Scottish referendum taking place this Thursday.
All of them have warned of prices rising in an independent Scotland, due to the increased costs of cross-border trading, and thus have either explicitly or indirectly advised consumers to vote No.
There’s no doubt that a Yes vote would have an impact on the UK/Scottish retail sector. Currency and taxation uncertainty, import levies and new distribution and network agreements are all likely to hit the bottom line of already embattled Read full story ›
Source: The Drum




