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It's Time to Break Up Britain | naked capitalism

Yves here. As much as the UK Government looks determined to drive into the nation into a ditch rather than climb down from its negotiation overreach, and the Tories’ pro-finance, austerity policies have hurt Scotland, Wales, and the hollowed out North, it sadly doesn’t necessarily follow that breaking up Britain would make things better in less than a generation. As Chris Grey has stressed, one of the problems with Brexit is the UK is too small to go it alone in a world of regional trade blocks, particularly since it depends on a lot of imported goods. This problem goes double for an independent Scotland, which would also have to set up all of the elements of a true national government that it currently lacks (start with trade negotiators!). How about health service? Scotland’s NHS contracts for medicines through the UK. How long would it take to get those sorted? And what happens to people who need insulin in the meantime?

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