More than 130 Scottish business leaders have a signed a letter in favour of the Union. Photo: Getty
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Scottish business leaders call for No vote

More than 130 businesses have signed a letter in the Scotsman newspaper calling on Scotland to vote against independence.

Following a plea to Scotland from a list of 200 or so celebrities to vote No in an open letter to its population early this month, over 130 businesses have signed a letter saying the business case for Scottish independence “has not been made”.

The business leaders who signed the letter, which has been published in the Scotsman, head many signature, symbolically Scottish, industries in the country: Harris Tweed Hebrides, Glenkeir Whiskies Limited, The Scotch Whisky Association, University of St Andrews, Cairn Energy, Edrington (which owns the whisky brand the Famous Grouse) and Edinburgh University Press.

The signatories on the letter come from a wide range of industries, including food, drink, energy, banking, engineering, mining and technology. The heads of HSBC, Baxters Food Group and BHP Billiton, a big mining company, have put their names to the letter, which argues that, with the Scottish economy growing, it would be better for Scotland for it to remain in the Union.

Here is the text of the letter:

THE BUSINESS CASE FOR INDEPENDENCE HAS NOT BEEN MADE

The outcome of the referendum on 18 September will affect our generation and the generations to come. Much is at stake. Our economic ties inside the United Kingdom are very close and support almost one million Scottish jobs. The rest of the UK is Scotland's biggest market by far. As job creators, we have looked carefully at the arguments made by both sides of the debate. Our conclusion is that the business case for independence has not been made. Uncertainty surrounds a number of vital issues including currency, regulation, tax, pensions, EU membership and support for our exports around the world; and uncertainty is bad for business. Today Scotland’s economy is growing. We are attracting record investment and the employment rate is high. We should be proud that Scotland is a great place to build businesses and create jobs – success that has been achieved as an integral part of the United Kingdom. The United Kingdom gives business the strong platform we must have to invest in jobs and industry. By all continuing to work together, we can keep Scotland flourishing.

When I went to interview the shadow Scotland secretary Margaret Curran back in June in Glasgow for Total Politics magazine, it became clear during a trip around her constituency that business leaders were struggling even with the uncertainty caused by the build-up to the independence referendum.

We met the head of a local book distributor, which is essentially the trading arm of Publishing Scotland (the trade association for Scottish publishers). He told us:

“On the face of it, we think that a £10 book will be a £10 book if you buy it in England, but a £12 book if you buy it in Scotland… Oh, dear God, separation is an absolute nightmare. It’s not the move to independence itself, per se, that’s going to drive them [customers] away, it’s the uncertainty as we move towards that. It’s the threat of it.”

This is just one example of how not only independence itself, but also the prospect of it, is something the Yes campaign should consider when coming to the effect of the debate on business. The 130 businesses intervening today will certainly speak to both big and small businesses in Scotland, as well as to a number of people to whom they provide a service, particularly as many of them are heritage brands.

Anoosh Chakelian is deputy web editor at the New Statesman.

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Sadiq Khan is probably London's new mayor - what will happen in a Tooting by-election?

There will be a by-election in the new mayor's south London seat.

At the time of writing, Sadiq Khan appears to have a fairly comfortable lead over Zac Goldsmith in the London mayoral election. Which means (at least) two (quite) interesting things are likely to happen: 1) Sadiq Khan is going to be mayor, and 2) there is going to be a by-election in Tooting.

Unlike the two parliamentary by-elections in Ogmore and Sheffield that Labour won at a canter last night, the south London seat of Tooting is a genuine marginal. The Conservatives have had designs on the seat since at least 2010, when the infamous ‘Tatler Tory’, Mark Clarke, was the party’s candidate. Last May, Khan narrowly increased his majority over the Tories, winning by almost 3,000 votes with a majority of 5.3 per cent. With high house prices pushing London professionals further out towards the suburbs, the seat is gentrifying, making Conservatives more positive about the prospect of taking the seat off Labour. No government has won a by-election from an opposition party since the Conservative Angela Rumbold won Mitcham and Morden from a Labour-SDP defector in June 1982. In a nice parallel, that seat borders Tooting.

Of course, the notion of a Tooting by-election will not come as a shock to local Conservatives, however much hope they invested in a Goldsmith mayoral victory. Unusually, the party’s candidate from the general election, Dan Watkins, an entrepreneur who has lived in the area for 15 years, has continued to campaign in the seat since his defeat, styling himself as the party’s “parliamentary spokesman for Tooting”. It would be a big surprise if Watkins is not re-anointed as the candidate for the by-election.

What of the Labour side? For some months, those on the party’s centre-left have worried with varying degrees of sincerity that Ken Livingstone may see the by-election as a route back into Parliament. Having spent the past two weeks muttering conspiratorially about the relationship between early 20th-Century German Jews and Adolf Hitler before having his Labour membership suspended, that possibility no longer exists.

Other names talked about include: Rex Osborn, leader of the Labour group on Wandsworth Council; Simon Hogg, who is Osborn’s deputy; Rosena Allin-Khan, an emergency medicine doctor who also deputises for Osborn; Will Martindale, who was Labour’s defeated candidate in Battersea last year; and Jayne Lim, who was shortlisted earlier in the year for the Sheffield Brightside selection and used to practise as a doctor at St George’s hospital in Tooting.

One thing that any new Labour MP would have to contend with is the boundary review reporting in 2018, which will reduce the number of London constituencies by 5. This means that a new Tooting MP could quickly find themselves pitched in a selection fight for a new constituency with their neighbours Siobhan McDonagh, who currently holds Mitcham and Morden, and/or Chuka Umunna, who is the MP for Streatham. 

According to the Sunday Times, Labour is planning to hold the by-election as quickly as possible, perhaps even before the EU referendum on June 23rd.

It's also worth noting that, as my colleague Anoosh Chakelian reported in March, George Galloway plans to stand as well.

Henry Zeffman writes about politics and is the winner of the Anthony Howard Award 2015.