Scotland’s William Wallace moment

Mike Fleming examines the impact of the Scottish rate of income tax on Scottish taxpayers based south of the border

On, or shortly after, 18 September 2014, we'll find out whether the UK, as we know it, will be changed forever. A 'yes' vote in the Scottish independence referendum will see a sizeable chunk of the UK go it alone, with elections scheduled for May 2016, should Scottish First Minister Alex Salmond get his way.

Already, we've had cross-border skirmishes over issues such as Trident and more recently, the SNP's desire to keep the pound and establish a 'sterling zone' - cited by Chancellor George Osborne as a ploy by Scottish nationalists to lessen public anxiety over the independence project. And the debate will only intensify as next September approaches.

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