CBI president Sir Mike Rake will warn Scottish business leaders tonight that the break-up of the UK could be costly and create significant economic dislocation.
Speaking at the CBI Scotland annual dinner in Glasgow alongside Deputy Prime Minister Nick Clegg, Rake will say the case for independence has not been made and will draw attention to the questions his organisation has issued to Holyrood.
In his first speech as president, he will say that the CBI has an interest in the outcome of the vote as it “will have significant potential impacts on businesses and consumers in Scotland and across the whole of the UK”.
He will say: “The CBI is not convinced of the economic case for independence and has asked some important questions of the Scottish Government. These need to be clearly answered so that the Scottish electorate can make their decision with full knowledge of the potential business and economic implications of independence.”
Rake will use his address to outline some of the key unresolved issues, stating: “The economic implications of independence published by the Treasury raised serious questions around the costs of independence, such as maintaining different cross-border tax, regulatory and legal systems, as well as the significant issue of currency.
“What would be the implications of independence on our unified labour market, integrated infrastructure and our catalogue of well-honed business arrangements, and our position in the European Union?
“That’s why it is so important for the Scottish Government to fully respond and we look forward to the publication this autumn of the independence white paper.”
He will also discuss state of the economic recovery and the UK’s position in Europe.