THE City of London is home to many useful and responsible financial institutions. But this respectable facade also conceals a host of less savoury financial enterprises which exist and prosper in a malign and symbiotic relationship with Westminster – neither could survive without the other.
With a few notable exceptions, it is a relationship which is understood, shared, and fostered by the conservative establishment in Scotland. So, when pro-independence politicians asked the Great & The Good for advice on matters financial, they were told to use sterling and to follow the familiar convention. This piece is the warning which should accompany all such financial advice.
