to be like any other normal European country, a fiscally autonomous Scotland would have to significantly increase taxes and/or severely cut public spending - this is the simple truth that much of the SNP’s rhetoric around GERS seems designed to obscure these-islands.co.uk/publications/i…
And, in reality, the raising of taxes is a complete non-starter, because talented people and service-based businesses that aren't tied to the land can up and leave.
agreed - i find it hard to avoid the conclusion that drastic cuts to public spending would be the inevitable consequence of either full fiscal autonomy or independence
The majority of the Scottish Nationalists are unaware of the nature of the contemporary Scottish economy and do not understand how much of it cannot be held captive.
It would get worse for Scotland without a trade deal with England, which England doesn’t need, and a ban on a Scotland-EU trade route via England, not to mention a share of the UK state debt, currently around £300bn.
That is of course the right wing argument for independence. They say Scotland needs to shake off the excess state spending and stop suffocating the private sector. Would take a very long time and involve a lot of hardship. Not something SNP will ever agree with
As the leaders of a putative independent Scotland would likely be economically illiterate, I believe they would raise taxes rather than cut spending, leading to a massive brain drain across Hadrians Wall.
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