In the early years of devolution, the fiscal powers of the devolved institutions were strictly limited. Since then, increased tax, spending, and borrowing powers have given both the Scottish and Welsh Parliaments substantial control over elements of the income tax system along with a series of fully devolved taxes. Holyrood is also responsible for nearly £4 billion of social … [Read more...] about Prospects for future fiscal devolution?
GERS and a’ that: Scotland’s fiscal position
There has been a lot of debate in recent days about the statistics covering Scotland’s fiscal position i.e. Government Expenditure and Revenue Scotland (GERS).Some of this has focussed upon how GERS is produced and who produces it – this blog attempts to clear some of that up.An important disclaimer!Before we begin, a disclaimer.My first job as a civil servant … [Read more...] about GERS and a’ that: Scotland’s fiscal position