|
IFS warns Scottish deficit has become three times greater than UK's
A fresh economic forecast released to coincide with the day Scotland was to become independent has warned the country’s deficit has deepened, projected to be more than three times greater than the UK.
The Institute for Fiscal Studies figures were released as Nicola Sturgeon launched the first phase of the Scottish National party’s campaign for the Holyrood election in May, urging her party’s 129 candidates to fight harder than ever to secure a second successive majority government.
If Scotland had declared independence on 24 March – the day chosen by then SNP leader Alex Salmond before he lost the 2014 referendum campaign, its population would be facing an overall deficit of £2,850 per head in the 2016/17 financial year compared with £850 per head across the UK, the IFS said.
Scotland's revenues are lagging too far behind its expenditure.
Scotland will need to have another referendum. Win it. Complete the separation from the UK. Go through the EU application. Timescale?
I'd also add the votes for remaining in the EU that Scotland gave were based on people believing it would be as part of the UK. I don't think it will all translate directly. Many will have wanted to be part of a UK that was in the EU. |
|