A key aim of the Smith Commission was to improve accountability and make Scotland’s politicians responsible for the money that they spent. Unfortunately rather than helping to deliver this aim, the current proposals for VAT assignment risk undermining that principle.
Inequality in Scotland is on the rise. “It seems likely that more radical changes, such as significant redistribution of income, labour market reforms and major investment in deprived areas, would be needed to bring Scottish inequality close to Nordic levels.”
‘ It is difficult to escape the conclusion that the effects of a chaotic Brexit would be much worse for poorer Scots, who spend more of their income on goods that will attract higher tariffs post-Brexit.’
To mark the tenth anniversary of the financial crisis, Sceptical Scot’s new series focuses on home-made follies; the extraordinary mistakes made by two once revered and typically prudent Scottish institutions: the Bank of Scotland and the Royal Bank of Scotland.
Home-grown innovation: Scotland’s first vertical farm is applying for Tay City Deal funding to turn an exciting local project into a global resource to feed – and change – the world in new ways.
Where will the money come from? Who invests in Scotland’s chance to be a world-leader in ‘vertical farming’. Key questions add to the urgency and excitement in the huge potential growing inside a small shed on the edge of Dundee.
‘The UK Government needs to take more ownership for the perceived troubles of the Scottish deficit because it is clearly responsible for many of the revenue and spending decisions that have got us to where we are…’
‘It is important to remember that GERS takes the current constitutional settlement as given. If the very purpose of independence is to take different choices about the type of economy and society that we live in, then a set of accounts based upon the current constitutional settlement and policy priorities will tell us little about the long-term finances of an independent Scotland.’
‘Two years on from the referendum outcome, simply kicking the can down the road – or sleep walking into a no-deal outcome – is simply no longer a credible economic strategy to adopt:’ FAI on the risks to the Scottish economic recovery
‘I don’t mean to paint the NHS picture as rosy but, in reality, publicly funded healthcare is more efficient and more equ’itable. The UK is heading for a total health bill of £200bn per annum, but even that is actually great value for money.