The owner of the Shetland island of Papa Stour (renamed by it’s owner, Forvik) has declared its independence of the British government and the EU.
A lot of Shetland Islanders believe that the legal status of the Shetlands is that of Crown Dependency as they have never formally been incorporated into the UK. The islands were given to King James III as a guarantee for a marriage dowry by King Christian of Denmark and Norway and were affirmed as a Crown Dependency on a couple of occassions.
Shetland Islanders – and the owner of Forvik, Stuart Hill, particularly – believe this is still the official status of the Shetlands and so Hill has declared independence from the British government and Federal Europe and staked a claim to the seabed and waters in a 200 mile radius around Forvik. Most North Sea oil and gas would, in the event that Shetland became independent, be in Shetlands waters. A large chunk of the rest would be in English waters if an English government asserted our rights to the territorial waters that the British government gave to Scotland under the Continental Shelf Act.
The calculators will be running hot at the Treasury today.