THE SNP’s claim that the state pension would be paid at the same rate under independence as within the Union has been directly challenged by one of Scotland’s leading thinktanks.
An article published today by the Fraser of Allander Institute says past National Insurance contributions by Scottish workers cannot be taken as a guarantee of future entitlement.https://www.heraldscotland.com/politics/19901791.fraser-allander-institute-challenges-snp-claims-independence-state-pension/
The Herald headlines the above apparent undermining of Scotland’s pension prospects after independence with an opportunistic, techy, but unworldly, piece by the FoAI.
Here’s their thesis:
Yes, true, but what about those elephants in the negotiating room?
Is there any possibility at all that the UK would renege on the pension rights of those who have paid in for decades before independence? Leaving aside the contradiction of doing so only for Scotland and with those in Ireland, Spain or wherever, still drawing UK pensions, here are some big economic elephants that might influence the outcome.
- £200 billion of debt that we technically need not pay.
- Access to the 77 million tonnes of oil-equivalent gas, 82% of all UK production in Scottish waters and not dependent on Russia.
- Access to more than 25GWh of electricity, surplus to demand in Scotland, enough for every home in England and not dependent on France.
- Access to a nearby source of high quality food exports.
- Access to a massive supply of water as global warming desertifies the south-east every summer.
I’ve no doubt missed others.
To be fair, I haven’t read the full FoAI report. Correct me if they have considered the above.