Though Scotland's businesses can relax for now after the decisive 'No' victory in the independence referendum, the Scottish Chambers of Commerce said negotiations over further devolved tax and spend powers that were promised by Westminster will need to be monitored closely.

Speaking to IBTimes TV in the immediate aftermath of the referendum results, in which 55% of voters rejected Scottish independence, SCC's head of policy research Garry Clark said the negotiation period as well as the general election in 2015, the Scottish election in 2016 and the European Union referendum in 2017 present more uncertain hurdles for the business community.