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View Full Version : Spending cuts or tax increases would be needed to pay for Independence White Paper gi



NewsBot
06-Jun-14, 16:30
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:

Spending cuts or tax increases would be needed to pay for Independence White Paper giveaways




New calculations - based on forecasts from the Office for Budget Responsibility (OBR) - suggest that an independent Scotland would face a budget deficit of 5.5% of GDP (8.6 billion in today's terms) in its first year of independence were it to inherit a population share of the UK's national debt. This would not be sustainable for any prolonged period. [Read Full Article (http://www.caithness-business.co.uk/article.php?id=5002)]

dozy
06-Jun-14, 18:48
Maybe after Independence all the English OAPs will return to England ,this should save the Scotland Government 7.2 billion