Fears over independent Scotland have ‘little basis’

A leading economist has said there is "little basis" for "fear-mongering" over the economy of an independent Scotland.

Joseph Stiglitz countered the view of fellow Nobel prize-winning economist Paul Krugman, who recently warned that Scotland would face “huge risks” going it alone and told Scots to “be very afraid”.

Mr Stiglitz said that while there would be risks in the event of a Yes vote, the risks of Scotland remaining in the union and the UK leaving the EU would be “significantly greater”.