By J.C.
IN THE final weeks of the Scottish referendum campaign, it became a cliché to say that the political tremors emitted by a No vote would be almost as violent as those from a Yes vote. This was an exaggeration. If Yes had prevailed, it would probably have been the end of David Cameron’s leadership. Sterling would have plunged. A 307-year-old union would have crumpled. Britain’s global swagger—such as it is—would have been at an end.
