Quote:
Originally Posted by nomadking
When you're running a deficit the size of Scotland's, borrowing is more difficult and much more expensive. Certain EU countries LOST market access to borrowing, eg Greece, Ireland. So every other country in the world CANNOT borrow freely.  |
Again this is based on UK Government apportioning tax receipts to Scotland in a manner that cannot genuinely be done due to the complexities of some taxes. VAT being one of the biggest challenges.