The objection to a separate English parliament rests on economic imbalance within the United Kingdom. In this interpretation, London and the Southeast receive much of the final financial return but depend on production and other activity elsewhere. Dividing political authority by region therefore raises difficult questions about allocating value through connected supply chains. Scottish oil and gas and refining elsewhere in Britain provide an example of the difficulty of deciding where that value should be counted.
Notable Point · 2:35:15-2:42:10
Devolution and Britain's interconnected economy
An argument against dividing Britain's interconnected economy into political regions asks how to allocate value created across regional boundaries.