The people of Scotland have spoken. As that sound echoes, here’s what I think its rejection of independence means…
The SNP are strengthened:
45% of the Scottish electorate voted Yes. That’s a far higher figure than many of us would have predicted even a few weeks ago. Yes Scotland’s campaigning, driven by the SNP, has proved far superior to Better Together’s, driven by Labour. If the Nationalists resist the temptation to turn in on themselves they can expect to reap the electoral rewards of their grassroots activity next May. The Scots, by decisively rejecting independence, have lost their negotiating leverage: I expect them to turn to the SNP as an insurance policy against being forgotten about by Westminster. That poses a big threat to Labour, but also to the Lib Dems — after all, one-fifth of our MPs sit for Scottish seats.
The Tories are weakened…
Did Cameron panic or was it one of those things that seemed a good idea at the time? I’m referring to the ‘vow’ he co-signed with Nick Clegg and Ed Miliband, published in the Daily Record, promising more powers for Scotland and the safeguarding of the Barnett Formula financial settlement for Scotland. This opens up a whole Pandora’s Box of constitutional questions which are likely to dominate debate at least until Christmas. That part of it won’t bother Cameron: the irresistible logic of devo-max for Scotland is de facto home rule also for England – in other words, English votes deciding English laws – which, given the Tories’ strength in England, boosts their prospects of remaining in power, at least in the short-term. However, the promise to retain the Barnett Formula is another matter altogether. It offers an obvious opportunity to Nigel Farage to exploit: “It’s right that Scotland should have more powers,” he’ll say, “but it’s also right that there’s a fair financial settlement for the English, too. Public money should be allocated according to need.” And the worst of it is he’s 100% right on this, and he’ll now be the lone voice among the four main party leaders able to make that compelling case to the voters in the lead-up to the next general election. The Tories (as well as the Lib Dems and Labour) have placed ourselves on the wrong side of this issue.