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Yes vote will push up prices: Asda

By Catriona Webster

Asda has warned that prices would go up if Scotland votes in favour of independence.

Chief executive Andy Clarke said the company would have to "reflect its cost" to operate north of the border after a Yes vote.

His comments followed those of the John Lewis Partnership chairman Sir Charlie Mayfield, who said that shoppers would be likely to face higher prices at the cash registers post-independence.

Mr Clarke said he would be "ducking his responsibility" if he did not offer an "honest assessment" of what independence could mean for his company.

He added: "If we were no longer to operate in one state with one market and – broadly – one set of rules, our business model would inevitably become more complex. We would have to reflect our cost to operate here."

Sir Charlie said John Lewis had no intention of reducing its presence north of the border, but he also cautioned that companies were unlikely to continue sharing the burden of higher operating costs in Scotland across all UK customers in the event of the break up of the union.

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