Public finance in an independent Scotland
A central bank needs t be established to handle the national finances. The administrative structures for public finance will need to be enhanced.
Scottish Government
Managing the work needed to become independent
Preparation is needed even before a referendum. Recruitment, project management, establishment of currency, creation of regulatory institutions, etc, all need to begin as soon as possible. It is projected the work and negotiations on independence will take about three years to complete independence.
Establishing the outlines of independence before a referendum
People need to know what they are voting for in a referendum. The machinery of governing can be worked out during the independence negotiations.
The costs of independence and the work required to set up new governing systems
The estimated costs of setting up an independent government are estimated at £25 billion, of which about £15 billion will be from assets transferred.
A Holyrood you trust or Westminster you do not? Open Minds on Independence #23
Date Published
Fast Facts
How does the Scottish Government score in the Worldwide Governance Indicators?
1: Voice and Accountability - good
2: Political Stability - good. Better than England
Category
Building Scotland’s future now: A new approach to financing public investment
Alternative Published Date
2017?
Fast Facts
Investment has become a dirty word in the era of ‘investment banking’. Investment banking is widely considered to be one of the causes of the 2008 financial crash (Varoufakis, 2015).
Category
A Citizens’ Assembly for the Scottish Parliament
Alternative Published Date
2020?
Fast Facts
How should parliament incorporate the public’s voice?
Category