Ex-Sainsbury's boss in Scotland 'Yes' vote warning

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The former boss of Sainsbury's supermarket has issued a strong warning about the costs for retailers of doing business in an independent Scotland.

Justin King told the BBC that supermarket prices will rise, retailers will put investment on hold, and that Scottish food producers could be hit. The John Lewis group and Asda have also said their prices may rise due to the increased cost of trading in Scotland. However, pro-independence supporters have condemned the "scaremongering". King, who was one of UK's most successful retailers, said supermarkets currently spread the cost of doing business across the UK. "But it is more expensive to do business in Scotland today. Business rates are higher, distribution costs are higher. ...

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