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.
Public finance
The Barnett formula
The Barnet formula is used to calculate how much money Scotland receives each year from the UK Treasury. It calculates devolved budgets. It uses the previous year’s budget and adjusts based on increases or decreases in comparable spending per person in England. Parts of the resulting sum are with held for non-devolved expenditure. Other areas of government have only a portion of their expenditure allocated by the formula.
The Accounting Trick that Hides Scotland’s Wealth
GERS has less importance than some believe. The figures are estimates with a number of contested assumptions.
Scotland the Brief
Alternative Published Date
2020
Fast Facts
All you need to know about Scotland's economy, its finances, independence and Brexit.
Category
Nationalism and the politics of austerity: comparing Catalonia, Scotland, and Québec
Date Published
Fast Facts
This analysis of the impact of austerity on nationalism stresses the role of blame as it interacts with political institutions and fiscal pressures.
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Brexit has reinvigorated Scottish nationalism
Date Published
Fast Facts
Scottish independence is a constitutional project, not an economic one. Fixing who governs you takes precedence over an easy life for supermarkets or civil servants.
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The Politics of Scotland’s Public Finances
Alternative Published Date
2020
Fast Facts
The early operation of the 2016 Scottish Fiscal Framework and the divergence of UK and Scottish income tax rates highlights the practical issues of devolved tax policy in the context of UK fiscal centralization.
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Ambiguous no more: Time to de-mystify the Barnett Formula
Alternative Published Date
2020
Fast Facts
The overall effect of the new Barnett funding system is to place Scotland in a vulnerable position, where it is at much greater risk of falling into a cycle of economic decline relative to the rest of the UK.
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The Barnett Formula
Date Published
Fast Facts
The Barnett formula calculates the annual change in the block grant. The formula doesn’t determine the total size of the block grant just the yearly change. For devolved services, the Barnett formula aims to give each country the same pounds-per-person change in funding.
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