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Lesson of the Day: The Political Class Always Wins


With 26 of Scotland's 32 local authorities declared, the Better Together camp backed by Prime Minister David Cameron and the main U.K. parties had garnered 54 percent of the vote, while the "yes" campaign led by Scottish National Party leader Alex Salmond had 46 percent.

"It does look like we have secured a 'no' vote," Chief Secretary to the Treasury Danny Alexander, a Liberal Democrat and the most senior Scot in the U.K. government, told Sky News as the first results trickled in. "But a 'no' vote is also for change, it's our responsibility to get on with that."

Via email, Steen Jakobsen, chief economist at Saxo Bank writes ...

We have Quebec like situation in Scotland now – The independence talk is gone for now but the next item on the agenda politically is UK referendum next year where the independence and anti-EU vote will continue to play a role. 2017 is the big year, if the promised EU votes takes place……

EU did not do themselves any favors by ruling Scotland out of EU even before the election results was known. Scots, like danes, don't take outside pressure easy especially from something like the EU.

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