“It may be that the process of establishing and issuing the bonds is seen as strengthening the Scottish state in advance of a future independent Scotland. But in a constrained fiscal environment, it will be fair to ask whether borrowing in a more expensive way makes sense.”
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Mairi Spowage and Joao Sousa
About Mairi Spowage and Joao Sousa
Mairi is the Director of the Fraser of Allander Institute. Joao is Deputy Director and Senior Knowledge Exchange Fellow at the Fraser of Allander Institute.