There are 4 possible outcomes, as I see it.
- A huge win for No
- A tiny win for No
- A huge win for Yes
- A tiny win for Yes
Let's take each one. One isn't going to happen. It was Westminster's intention at the outset - to put the question to bed for a generation but they hadn't counted on people power or the charisma of hope.We're neck and neck in the polls and people are beyond scunnered. If they've decided they've got the balls, few will bottle in after the last week's threats and panicked empty promises.
Three is also unlikely. It could have happened but every newspaper (except the Sunday Herald) has printed exaggerated accounts of Armageddon for two years now, lying through their teeth about our wonderful peaceful, intellectual renaissance, branding us Cybernats from hell, so three is not going to happen.
So two and four are most likely.
Four will cause a wee market wobble. If Yes wins say 51/49 markets won't be happy but there's no going back so once the negotiating teams are established, things will stabilize.
That leaves two. Say No win 51/49. Nothing will be put to bed. Those who voted no because of the offer of powers will quickly become angry when they are voted down by backbenchers - remember the Libdem pledge on tuition fees? I voted for that one - ha! Those who believed the newspapers will also feel robbed. The tiny percentage of people who just voted no because of fear will quickly become disenchanted and start to look into joining the Independence movement, which will not be going away. Too many of us have invested too much in this and will feel cheated. That will lead to claims for a new referendum, next year, in ten years, in twenty. (Look at the history of Quebec). Over and over again. It will not be put to bed with a 51/49 win for No so the markets will wobble and keep wobbling. Some companies will pull out of Scotland and the UK while they have the chance so they aren't mired in the instability for decades.
So basically, pragmatically the only bearable outcome from this is actually number four. Think of that if you're on the fence.