As they read Martin Hannan’s forensic dismantling of the British establishment’s duplicity and mendacity, younger readers may need to be reminded that there was a time when this sort of revelation cause shock and consternation. As British Nationalist efforts to preserve their precious Union have grown ever more shrill and desperate, we’ve become rather blasé about their perfidy. Another day! Another British Nationalist lie.
But one part of Martin Hannan’s analysis grabbed the attention of even a weary veteran of the constitutional struggle such as myself.
The key point they [Knight Frank] made was that UK funds increased their investment by 58% in 2018, rising from £487 million to £771m – a huge increase of 255% on the 2016 figure of £217m.
This is, indeed, a huge increase. Massive enough, one would have thought, to tickle journalistic curiosity. What prompted such a significant change? What happened to change investors’ attitude to Scotland? What did they find out that suddenly made property in Scotland seem like a much better investment than previously? What factor could be significant enough to explain such a dramatic shift?
Two possible explanations immediately come to mind. Perhaps, in the wake of the EU referendum and the British government’s contemptuous disregard for Scotland’s Remain vote, institutional investors decided that it was now inevitable that Scotland would restore its independence. Maybe they figured that property – particularly commercial property – in a small, EU member state with a prime location and excellent resources, was too good a bet to miss whatever their former prejudices.
Or perhaps these investors were given some kind of assurance that the constitutional issue would be finally resolved in a very different way. Perhaps they were given cause to believe that Scotland was about to be put firmly back in its box. Perhaps their analysis led them to the same conclusion being reached by increasing numbers in the Yes movement – that he British state was planning to ‘deal with’ the Scottish problem in a very British way.
Maybe these investors also saw the signs that the British political elite intended to use the opportunity provided by Brexit to lock Scotland into the Union; re-impose direct rule from London; and disable democratic dissent by ‘suspending’ the Scottish Parliament.
The first of these seems unlikely; not least because of the way acceptance of Scotland’s independence conflicts with the evidently very strong market prejudice which had deterred investment in Scotland. It would require a change of attitude such is not commonly associated with persons or institutions governed by prejudice.
The second of our candidate explanation, by contrast, requires only a change in information such as aligns perfectly with the old prejudices. If investment was deterred by the threat of Scotland’s people exercising their democratic right of self-determination, investors would be greatly reassured to know that the democratic institutions required for this were about to be dismantled.
All speculation, of course. But surely the dictates of precaution demand that we we see in this exceptionally rapid 255% increase in property investment yet another warning of the British state’s malign intentions towards Scotland. And, recognising the threat to our democracy, surely we should take immediate steps to #DissolveTheUnion.
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6 thoughts on “A warning sign?”
“The key point they [Knight Frank] made was that UK funds increased their investment by 58% in 2018, rising from £487 million to £771m – a huge increase of 255% on the 2016 figure of £217m.”
I’m an optimist and focusing on the sentence which followed the above:
“But overseas investors were the most prolific purchasers in Scotland, accounting for £920m (36.8%) of the overall figure.”
I hope it means the overseas investors expect Scotland to become independent shortly.
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Sorry, I should have provided the source for the foreign investment figure. It was reported on Insider.co.uk, 25 January 2019, in an article referring to Knight Frank’s report.
Your article has saddened me greatly. Be the pessimist or realist I am. Every bone in my body knows hollyrood will be gone soon. The new QE2 building is there for a reason. There is a cabal leading the snp to god knows where but it ain’t independence. They have sat back & done nothing. These are career politicians only interested in power for the benefits it brings them. I never thought I’d see the day were snp/con/lab/lib were all cut from the same cloth. UK state parties the lot of them. Independence my arse. It’s all been a con.
I too have been bitterly disappointed by the SNP leadership to date.
There is some of the opinion, we have to wait ’till Brexit happens, and we are forced out of EU. Then they invoke the Independence Mandate.
I disagree with that.
We have to stand up to London here and now.
I would hope the First Minister has something planned, we don’t know of as yet.Certainly, in her speeches of late,she hints at something, but we need a lot more than just hints, and hopeful speeches. Time is running out, and we really shouldn’t be waiting to end of October.
If SNP don’t deal with the thing by then, and leave it further on, there will be a backlash, and they themselves must know that, by now.
We will have to await the next few months to see.
My heart would be broken if my faith in Nicola was destroyed. She was handed the torch of freedom by a humble Alex. She must set the heather on fire or hand on the torch.
I wouldn’t put it past the London Regime to try suspend the Edinburgh Parliament….. But, just let them try!