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IFS REPORT EVIDENCE WE GET THE BEST OF BOTH WORLDS AS PART OF THE UK

IFS REPORT EVIDENCE WE GET THE BEST OF BOTH WORLDS AS PART OF THE UK  

PUBLIC SPENDING OVER £1,200 HIGHER IN SCOTLAND
– INDEPENDENCE = TAX RISES OR CUTS

A new report from the Institute of Fiscal Studies has highlighted that we benefit from the best of both worlds as part of the United Kingdom, Better Together has said today.

The report states that Scotland benefits from public spending of over £1,200 higher in Scotland than the rest of UK.

The study also makes clear that Scotland would need to increase taxes or cut spending significantly if Scotland was to leave the United Kingdom.

The IFS report states that:

“under the OBR’s projections for North Sea revenues, Scotland’s budget deficit may be 2.2% further into the red than that of the UK as a whole in 2017–18. To fill this hole would require a further £3.4 billion of tax rises or spending cuts”.

The report comes as leading economists from the National Institute of Economic and Social Research suggested Scotland would have to pay a higher interest rate than the rest of the UK and would have to make significant increases to taxes or budget cuts.

Responding to the report, leader of the Better Together campaign and former UK Chancellor, Alistair Darling said:

“The IFS is highly respected and this is an authoritative expert report. The nationalists cannot simply dismiss this as they usually do. ”

Alex Salmond is telling us we can spend more, cut taxes to big businesses and still have money left over to put into an oil-fund savings account. Common sense already tells you that this doesn’t add up. This report makes clear that the immediate impact of independence would be big tax rises or big spending cuts.”

“The experts confirm that within the United Kingdom Scotland enjoys public spending that is more than £1,200 higher per person than the UK average. It is this higher spending on public services that underpins the success of our Scottish Parliament. This is evidence that we get the best of both worlds – devolution delivering for Scotland backed up by the financial security of a bigger United Kingdom.”

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Comments

  1. I thought there were two side to a balance sheet.

  2. “IFS” – yes that’s completely impartial. Gets it’s info from OBR which Alistair Darling queried the credibility of. http://www.bbc.co.uk/news/10574097 You cannot make it up 🙂 http://www.businessforscotland.co.uk/ifs-is-out-of-touch-with-the-reality-of-an-independent-scotland/

  3. Difficult to understand how “data” like this can influence people towards no, does this mean they’re happy to live on handouts and be called subsidy junkies by our southern neighbours ?

    Is it not preferable to live within our own means and hold our heads up in the world ?

  4. allan Sayers says:

    you just miss out the fact that Scotland puts in more in tax revenue than it gets back. Vote Yes …get rid of useless nuclear weapons and spend the money on health and education. no to food banks, no to better together because it is not better. I live in england and the NHS is being privatised..

  5. Colin young says:

    Oh dear looks like a YES vote i will be placing……………

  6. Dougie Blackwood says:

    Pity it’s only half the story. Yes Scotland receives more per head but pays in much more per head from the same report.

  7. Hugh Lacey says:

    Two small issues with this post.. First of all..the iFS is funded by Westminster so can hardly be called completely impartial . And the OBR was created by George Osborne in 2010 and they have not got a projection correct yet.

  8. Christos Antoniadis says:

    I Vote NO to independence’s of Scotland

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