As America's July 4 celebrations get underway, it might not be long before Scotland has its very own independence day. Scots will vote on whether the region should quit the U.K. in just 75 days, but British lawmaker George Galloway warned that breaking away would result in a "race to the bottom".
Maverick politician Galloway, an MP with the extreme-left Respect Party, told CNBC that the prospects for working people would be reduced in both Scotland and England if the countries split.
"There will be a race to the bottom. Cutting costs, taxes, expenditure and regulation. And that's not in the interest of workers," he said. "It seems to me a great pity to tear it asunder in the interests of no one that I can see except the petty nationalist politicians."
But Galloway, who is himself a Scot, said he was optimistic the No campaign would win a "resounding victory".
An average of nine polls conducted last month put the No vote at 42 percent, and the Yes vote at 30 percent. Some 28 percent of those polled said they were undecided.
Despite opposing political ideologies, Galloway's sentiments were shared by British Prime Minister David Cameron, a Conservative, who argued the economic reasons for maintaining the union were clear.