I would not lose any sleep if the Scots voted to repeal the 1707 act. Independence need not end the United Kingdom: Scotland and England shared a monarch before 1707, as Britain and Canada do today. Separation need be no more radical than the partial autonomy of a dozen European countries from their neighbours. Borders were not sealed or passports cancelled under the Government of Ireland Act 1920. If eastern Europe can handle partition, so can Britain.
The phased withdrawal of the subvention would be traumatic, but it would do Scotland nothing but good to learn that public money does not grow on English trees. If economic history teaches anything, it is that huge inflows of aid rot an economy, while "unearned" wealth, as from oil, is usually wasted. The phased end of the subsidy would be thoroughly good for Scotland, not bad.
Partition is the new politics, despite being the hobgoblin of centralism. It is through partition that Ireland is booming, Slovakia reviving and the Baltic states prospering. The British government is in favour of it for everyone else, even forcing it on the former Yugoslavia and Iraq/Kurdistan. This year it welcomed Montenegro to Europe's community. By what hypocrisy do Westminster grandees ridicule Scotland's ambition?
Big federal states were fine when governments were small and unobtrusive. Today's governments are elephantine and unresponsive to local sentiment. That is why Spain, France and Italy have all opted for constitutional devolution in the past two decades, fending off separatist pressure. Anti-federalism is why European public opinion revolted against Brussels last year, and why there is no more talk of a Scandinavian union. As for size being crucial to viability, this is corporatist rubbish. If Denmark is viable, why not Scotland?
All such considerations must anyway bow before self-determination. If the Scots want to repeal the 1707 act (as some Britons want to repeal the European Union's treaties), the British cannot deny it. The story of the past quarter-century is that states enjoy no legitimacy without the consent of their territorial minorities. Britain went to war for this principle in Kosovo.
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