Britons who book a package holiday that includes a flight are protected under the ATOL scheme, which is overseen by the Civil Aviation Authority (CAA). If your holiday company fails before you’re due to travel, you’ll be refunded. If it goes into administration while you’re on holiday, the CAA will arrange for you to be flown home free of charge. Presumably, an independent Scotland would need to establish its own holiday protection scheme. A new scheme may not be as cost effective as ATOL (on each booking received, travel firms pay just £2.50 per person in the CAA’s bailout fund), and any extra costs would be passed onto holidaymakers.