Lloyds Banking Group has said that if voters chose an independent Scotland this year, it will have a "material impact" on its business.

The bank warned that under the European laws, it will be forced to move England as most of its customers are located there. The European laws require major banks to be based where their customers are located.

Lloyds, Britain's biggest bank, "The impact of a Yes vote in favour of Scottish independence is uncertain. The outcome could have a material impact on compliance costs, the tax position, and cost of funding for the Group."

The bank said that it will have a material impact on compliance costs, the tax position, and cost of funding for the group. It said that it will consider the impact of the decision by the voterd in this year's independence.

The people of Scotland will be voting to determine if there would want to create another country by carving out the Scottish territory from the UK. There are indications that the Scottish Liberal Democrats might even tie up with the SNP in 2016 even as they engage in a confrontation over the matter of independence for Scotland.