This is not to refight the referendum campaign.

What it faces is the likelihood of another bruising referendum campaign and the prospect of a general election within the next two years.

It was the political circus that neither side in the Scottish independence referendum campaign wanted to roll into town.

Throughout the referendum campaign, the leaders of universities either did not know or chose to ignore these facts.

The big investment banks warned throughout last year's referendum campaign that anything short of the status quo would see them forced to ship jobs from London.