In 1972, the Scottish National party launched a campaign poster featuring a photograph of a forlorn old lady beneath the slogan: “It’s her oil”. Four decades and 3.5bn tonnes of North Sea crude oil production later, Scotland is preparing for a vote next year on whether it should become independent for the first time since 1707. The SNP’s case is about more than oil – but it is central. Those after analysis that goes beyond tendentious snaps of women in their dotage should read Gavin McCrone’s guide to the economics of the referendum. Read more
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.