Magazine article Public Finance

Scots 'Would Lose' with Fiscal Autonomy

Magazine article Public Finance

Scots 'Would Lose' with Fiscal Autonomy

Article excerpt

Scotland would lose many of the benefits of economic and financial integration with the rest of the UK if the Holyrood Parliament had powers to raise and spend its own taxes, the authors of a report for an influential think-tank have warned.

In an analysis carried out for the Fraser of AJlander Institute at Strathclyde University, Brian Ashcroft, Alex Christie and Kim Swales seek to expose the 'flaws and myths' of fiscal autonomy for Scotland.

They argue in their report, published this week, that such a reform in taxation would lead to an unstable economy, lower public expenditure and tax increases.

'In adopting fiscal autonomy, Scotland would lose many of the benefits of economic and fiscal integration with the rest of the UK for little or no gain, compared with even the present system of financing Scottish devolution,' the authors conclude.

As the report explains, fiscal autonomy would result in the Scottish Parliament being fully responsible for raising and spending its tax revenues. Part of these revenues, an amount agreed to cover Scotland's share of centrally provided functions such as defence and foreign affairs, would go to Westminster. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.