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Supreme Court To Rule On IndyRef2 Powers On 23 Nov

SCOTLAND

The UK Supreme Court will deliver its judgement at 0945GMT on Wednesday 23 November regarding the issue of whether the Scottish gov't has the powers to call a unilateral second independence referendum.

  • The Scottish gov't, with the Scottish Independence Reference Bill, argues that any referendum would be advisory and have no legal impact on the Union with the rest of the UK, and that therefore it is under the purview of the devolved gov't to decide on if and when it should take place.
  • The UK gov't on the other hand argued that the bill relates to 'reserved matters' that come under the competences of the UK gov't in Westminster and not the Scottish gov't in Holyrood.
  • The most recent opinion polling on Scottish independence (Ipsos MORI, 13-19 Oct) showed 50% of respondents in favour of an independent Scotland compared to 43% opposed. Should be noted that this poll was conducted around the peak of public opprobrium towards then-PM Liz Truss and her ill-received mini budget.
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Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange BulletsPolitical Market News

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