“Are current fiscal powers optimal for managing day-to-day and longer-term risks? And do the devolved administrations have the right tools to manage the financial risks they are likely to face now and in the future?”
GERS and a’ that: Scotland’s fiscal position
“These arguments are entirely legitimate, and ‘fairness’ is something we each may have an opinion on, but to criticise the entire GERS exercise for the simple fact that they are based upon ‘estimation’ is clearly wrong.”