Lloyds plans move to London if Scotland votes yes

Banking giant Lloyds has said it could move its business to England if Scotland votes for independence, leaving its Bank of Scotland arm to be run as a foreign division.

According to a report from Reuters, the firm will consider moving its registered office from Edinburgh to London. As part of the Group's contingency plans ahead of the independence vote on 18 September, Bank of Scotland would remain in Edinburgh and be run as a foreign division. A spokesperson for Lloyds told Reuters there were contingency plans in place ahead of a yes vote. "In the event of a 'yes' vote in the referendum, there would be no immediate changes or issues which could affect our business or our customers. There will be a period between the referendum and the implementat...