“Relative poverty needs to move down to 18% by 2023-24 to meet this target (and then down to 10% by 2030-31). It goes without saying that there is a long way to go!
How sustainable are Scottish tax and spend policies?
“under current Scottish and UK fiscal policies, if public services in Scotland are to continue to be delivered as they are today, Scottish Government spending over the next 50 years will exceed the estimated funding available by an average of 1.7% each year.”
Scotland needs a new politics – and fresh policy options
As the SNP leadership campaign crawls to the finish post, time for a Big Debate on the political and socio-economic future in Scotland and the UK
What does Hunt’s first Budget mean for Scotland? (Update)
“The £320 million of money coming to Scotland mentioned in the Chancellor’s speech is for 2023-24 and 2024-25, but that’s all we’ve been told. Given that these figures will have been worked out in advance, there is surely no reason why these figures can’t be released in full at the same time as the rest of the Budget documents.”
Taking the border out of politics
David Torrance looks back on the first UK constitutional referendum – the 1973 N Irish border poll. “As Prof James Mitchell has observed, the 1973 referendum ‘suggested that sovereignty rested with the people of Northern Ireland and not Parliament at Westminster’, a suggestion arguably reinforced with respect to Scotland more than 40 years later.”
Prospects for future fiscal devolution?
“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?”
Scotland’s currency options under independence
“The transition to full use of a S£ would take time, with high use of the UK£ within Scotland even once the S£ is established, whether at independence or soon after. In my view, it should start on day 1 of independence.”
Swinney should use his fiscal powers to the full: Update
“But there are also flexibilities that the Deputy First Minister has for the next financial year that were not available to him for this year – the Scottish Government does have tax powers that could be used, if he wishes, to raise more revenue.” FAI sets the scene for Thursday’s Scottish Budget
The left must abandon high tax policies
“The left should opt for an eco-fiscal policy, designed to dismantle rentier capitalism. It should accept that high progressive income tax is out of date. It should make clear that income and consumption taxes are mainly for public services and infrastructure, including transport, defence, housing, schools and other social needs. Beyond that, the aim should be to restructure fiscal policy as a means of common justice.”
Going for growth – or broke?
The new UK Chancellor has set out his radical fiscal plans – and prompted a sterling crisis. The situation is so grave, not least for Scotland, it merits a return from us in the interests of a wider public policy debate. Here we republish commentary from the FAI – and expect to run further contributions this autumn.