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Old 21-08-2020, 19:33   #3168
Pierre
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Join Date: Dec 2003
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Re: Will Scotland Leave the UK?

It’s difficult to find an objective article on the Potential Scottish Economy post independence.

This is the closest I’ve found to a fact based objective assessment.

https://www.ifs.org.uk/publications/13287

It’s a couple years old, certainly COVID won’t have improved things.

Quote:
This year’s figures continue to paint a relatively weak fiscal picture that is likely to persist unless there is a strong rebound in oil revenues or a substantial increase in Scottish economic growth. Relying on the former would be a particular gamble, which is why the Growth Commission’s emphasis on boosting productivity growth is so important.
As I said they can.could go it alone, but it could take a generation or more to make a success of it, if they can make a success of it.

Their public spending would have to reduce considerably unless they increase economic growth and taxes considerably- which would appear challenging in the short to medium term
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