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Scotland has opted for another conversation on independence - Lorna Slater
(www.edinburghnews.scotsman.com)
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As an American and not understanding UK law does this have a chance? Would Scotland be allowed to join the EU?
Likely yes, it would be a relatively smooth transition into the EU. Scotland was part of the EU for a long time and a big part of the no campaign on the last referendum was that Scotland would risk it's EU membership. Scotland also voted strongly in favour of staying in the EU but was outvoted by England.
That makes me wonder then. If Scotland was to do that and join the EU then what would be done with all Crown assets? Would Scotland then become like rest of the Common Wealth? and only have the Charles as a figurehead?
That's much less clear, that would likely be sorted out after an independence referendum. Crown assets will almost certainly be divided in the same way as all other government property, however that ends up playing out. In my opinion it's more likely than not that the monarchy would still be recognised to some degree. Anecdotally there's far fewer royalists in Scotland than England so there's also a reasonable chance they're scrapped. There's a notable portion on the population who see the monarchy as parasites using taxpayer funds to live lavishly, it's difficult to argue against that.