Currency Economics of Independence Pensions Scotland's Economy

5 biggest No Campaign Economics Scare Stories Debunked

The people of Scotland are making an important decision on September 18th.  They are making a choice between becoming a self governing independent national democracy just like almost every other nation on earth or a decision to be governed by a distant, disinterested and dysfunctional Westminster government over which they have no control and absolutely minimal influence within.

The campaign has become a battle between those with a Vision for Scotland such as Business for Scotland and other elements of the wide-ranging grassroots Yes campaign and the politically led and the relentless negativity of the No Campaign.

Early on in the campaigning the No camp confessed to a journalist that their internal nickname for themselves was “Project Fear” and the mostly unionist friendly media promotes every scare story as a devastating blow to the YES campaign, even though one after the other they have all been proven wrong.

We have taken the 5 scare stories most used in debates with Business for Scotland speakers and provided all the information people need to make up their minds and see through the scare stories.

You can watch the videos that are embedded in this blog or go to YouTube and click on the links at the end of each video to see another scare story debunked. Watch the ones that interest you but please share them around.

iPhone/iPad click here 

5 biggest No Campaign Economics Scare Stories Debunked 

No Camp Economics Scare Stories Debunked #1 – The Bank Bailouts

No Camp Economics Debunked #2  – Know Who Subsidises Who?

No Camp Economics Debunked #3 – Pensions Secure and Guaranteed

No Camp Economics Debunked #4 – Currency rUK Needs Plan A

No Camp Economics Debunked #5 – The Costs of Independence

There are two sides to every argument and Business for Scotland has just tried to give you the facts as we find them and the arguments as we see them.  If the No campaign had a positive vision for Scotland, or indeed if they could articulate solid benefit to Scotland for being in the Union that isn’t just as likely to be there after independence, they would not need to be so negative. Indeed if they could guarantee more powers rather than just hint at them they might be able to give a reason to vote No but they have left the Scottish people feeling patronised and marginalised by their relentless negativity and often ridiculous scare stories.

Business for Scotland has created a positive Vision for Scotland that you can download here – all we ask is that you compare and contrast.

Join Business for Scotland – Sign the business declaration

About the author

Gordon MacIntyre-Kemp

Gordon MacIntyre-Kemp is the Founder and Chief Executive of Business for Scotland. Before becoming CEO of Business for Scotland he ran a small social media and sales & marketing consultancy.

With a degree in business, marketing and economics, Gordon has worked as an economic development planning professional, and in marketing roles specialising in pricing modelling and promotional evaluation for global companies (including P&G).

Gordon benefits (not suffers) from dyslexia, and is a proponent of the emerging New Economics School. Gordon contributes articles to Business for Scotland, The National and The Huffington Post.


  • I tried view the view content but couldn’t.

    “iPhone/ iPad click here” … There is nothing to ‘click’
    I Cut-n-pasted and got a YouTube introductory video which then asked me to again click on links to the real chapters of relevant information. Guess what? Nothing was ‘clickable.’ It was just pixels I a video still, not live content to link to anything else. I still, after 10 minutes of searching relevant titles in YouTube, cannot find any of this information which you feel is so important.

    My main question now is: how can I trust an independent Scotland to run it’s own affairs, if this heavily subsidised ( I assume) website for the campaign cannot hire competent website coders to show people the information they ‘need’ to see?


    I’d love to be convinced but this kind of nonsense puts me off immediately.

    • Sorry that should have read “…pixels IN a video still,”

      I wonder how I can see the video content?

      Is one of the YES policies ” in an independent Scotland, everyone using Apple products are second class citizens.” ?

      • Over 30,000 people watched the videos in the fort week – not sure why you have a problem seeing or clicking but you can hopefully use this link here to go to the Intro video – at the end of the video click the annotated links (topics) and that will take you to the next video.

    • Over 30,000 people watched the videos in the fort week – not sure why you have a problem seeing or clicking but you can hopefully use this link here to go to the Intro video – at the end of the video click the annotated links (topics) and that will take you to the next video.

  • […] At this time of writing, there remain just 10 days to go until Scotland has its independence referendum and the pro-independence and the anti-independence camps have escalated their war of words across the UK media. To counter some of the fear tactics and scare stories concerning how an independent Scotland will cope and thrive economically, Business For Scotland’s Chief Executive Gordon MacIntyre-Kemp has come out with guns blazing in a series of short videos, all of which can be viewed on Youtube, to explain how Scotland can pay its own way and fulfill its independence dreams. He concentrates on five scare stories that the No Campaign has been drumming up and which various Business For Scotland speakers and campaigners have had to confront the most in meetings and interviews, and demolishes the objections the No Campaign has raised. All the videos in which MacIntyre-Kemp takes apart the scare stories are very brief, running for less than three minutes each. They can be viewed at this Business For Scotland link. […]

  • Can I just ask what an independent Scotland would depend upon as the basis of an economy that among other things would support free education, free healthcare and a Scandinavian-style social welfare net?

    I understand the country would rely on North Sea oil to help underpin the economy but as far as I’m aware, the resource is dwindling rapidly and while people are talking up new finds and estimating that independent Scotland could survive up to a century on these finds (depending on who you talk to or read), global oil prices are usually volatile and could affect economic planning. Is there a plan to move the entire Scottish population and economy to renewable energy or Icelandic geothermal energy, and how would that be financed in a way that doesn’t result in the economy awash with money and plagued by inflation or financial bubbles?

  • The size factor is also important. The No campaign regularly points lout that we are safer with the rest of the UK around us for defence, financial safety etc. In fact, and it should be obvious to anyone with experience of business, small units are more efficient, improve communication and improve strength (as in teams). Conversely larger units are inherently less efficient, are more cumbersome and difficult to maintain over time. In any case, why do they argue that we would be better within a larger body (the UK) when they are actively considering stepping out of the EU themselves?

    • Turning that on its head why do you want to be part of the EU when smaller units operate better? Furthermore, none of the mainstream parties have said they would campaign to leave the EU. Another yes camp myth debunked.

      • Smaller units work even better when they are part of a common market. You don’t need to maintain a failed political union to maintain a successful trading union.

        • I totally agree that you don’t need to maintain a failed political union to maintain a successful trading union. However, if you don’t think the EU is a political union, or aspires to be one, then you really need to look again.

  • Great post. I must admit I find it difficult to understand why there are people out there who are still in denial about the economic opportunities and benefits of independence.
    The media have let Scotlands people down badly in this campaign.

  • The UK government are treating it like a divorcing couple,where the Scots are being told you will never manage without me oh and you can’t have the bank account.’the pound”,and then they make all the promises about what they will give us to improve things? If they offer something chances are we should have already had it before threat of us leaving, Difference hear is we don’t take the goodies on offer and try again only to separate at a later date, we only have this chance to get out of being the downside of a relationship once, don’t mess it up.

  • Two questions I need answered, where would the money come from the start up.
    And what would happen when Scotland said yes,and what would happen to the pound in England,because that would effect us.

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