Business for Scotland comments on rehashed IFS report on Scotland
Gordon MacIntyre-Kemp (04/06/2014)Today’s Institute of Fiscal Studies report on the fiscal implications of Scottish independence fails to take into account the impact of independence on Scotland’s economy. As with many Westminster centric think tanks they lack ambition for and an in depth understanding of Scotland’s economy.
The report understates the central purpose of Scottish independence – that bespoke business and economic policies for Scotland implemented and managed from Scotland will grow Scotland’s economy, while reducing the costs of Westminster.
The IFS claim that on a projection of current decisions - the majority of which are determined at Westminster - Scotland would face sizeable fiscal challenges. However, an independent Scotland would make different and better decisions because the policies that make London and the South East wealthier are the same ones that make Scotland poorer, slow our economic growth and increase the costs of government.
- This is a rehash of last year’s report which identified that Scotland pays far more tax per person than the UK average and is therefore is in a strong economic position.
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