‘ I would advise any Scottish government to aim broadly to balance the budget. At present, without support from Westminster, Scotland would be running a large deficit. If the proponents of independence want to increase their economic credibility, now is the time to start setting out how that deficit could be closed’.
About Nick Macpherson
Baron Macpherson of Earl’s Court served as Permanent Secretary to the UK Treasury from 2005 to 2016, serving under three Chancellors and managing the department through the financial crisis which began in 2007. He joined the House of Lords in October 2016.