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Sturgeon promises billions in investment for Scottish independence

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The announcements by the Scottish First Minister — who promised to give more details next week — came as Sturgeon wants to hold a new referendum on Scottish independence in the autumn of 2023.

Scottish Prime Minister Nicola Sturgeon announced today that she intends to invest 20 billion pounds ($22 billion) to build an independent Scotland based on renewable energy if the British province leaves the United Kingdom.

Those funds could be invested in the first decade of an independent Scottish state and would be financed by the oil revenues that still exist and by borrowing, the pro-independence prime minister and leader of the Scottish National Party said today (SNP) at her party conference.

“Funds like these can support a major program to decarbonise, reduce energy bills and fight poverty,” he said.

Those funds “could finance thousands of homes, invest in local renewable energy projects and help communities,” Sturgeon added.

These investments “will be the start of sustainable growth”, she argued, pledging to achieve carbon neutrality and never allow hydraulic fracturing in Scotland, at a time when London has just lifted a moratorium on the issue.

The announcements by the Scottish First Minister — who promised to give more details next week — came as Sturgeon wants to hold a new referendum on Scottish independence in the autumn of 2023.

London opposes this, considering that such a vote can only be held once in a generation.

The Scots, who held a referendum on this issue in 2014, voted to remain in the United Kingdom (55%).

However, those in favor of independence believe that Brexit, which Scots opposed by 62%, has changed the situation and they want Scotland to join the European Union as an independent state.

Sturgeon, anticipating a legal showdown with central government, took the lead in appealing to the High Court, which is expected to hear the case from tomorrow, Tuesday, to determine whether Edinburgh can legislate on the issue without London’s consent.

If held, such a referendum would however only be “advisory” in nature and London would have to give its consent to Scottish independence.

Unyielding to London, Sturgeon accused the Conservative government of “exacerbating” the country’s cost of living crisis by cutting taxes on the wealthiest and upsetting markets with vague fiscal announcements.

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