>> Scotland taking its first formal steps towards a second referendum for independence.>> For the UK government to stand in the way of Scotland even having a choice would be, in my view, wrong, unfair and utterly unsustainable.>>
>> Here here.>> First minister Nicola Sturgeon pushing for another vote on breaking from the United Kingdom, to be held late next year or early 2019.
Three years ago, the economic case for independence centered on oil. Reuters correspondent in Edinburgh, Elisabeth O'Leary, says this time around, in order to avoid that criticism, oil is being taken out of the public accounts altogether.>> So, the point now is to establish what would be the main basis of the economy if oil is taken away from it, and that will be one of the key tenets of the argument in the next campaign if and when it comes.
>> Without oil, their suggestion's Scotland's economy could be based on renewable energy. There's also other areas which could be boosted, particularly if trade agreements are sorted out.>> Food and drink, big financial services sector, insurance, law, all of those things. Services, mainly, is the kind of strength. So the idea would be that you kind of take the weight off the oil part of the economy and you boost those other areas.
And how do you do that most efficiently? Well, theoretically, if you have an independent Scotland, you can do all of those things.>> British Prime Minister Teresa May would have to sign off on any binding referendum, but she said now is not the time. The Scottish Parliament is expected to vote on Wednesday.
The current balance of power means Sturgeon is almost certain to win the Chamber's backing to formally ask London the permission to press ahead.