‘Exposing Scotland to risk’ – Some reflections on the devolved fiscal settlement
By Alasdair Galloway Once Scotland took powers over income tax a settlement with the UK became necessary for several practical reasons However leaving boring practicalities to one side, this arrangement offers political opportunities to Westminster. For one thing it puts the risk entirely on to Scotland because if the Scottish economy operates less well than the UK average, the income tax allowed for in calculating the block grant will be greater than what is actually raised by the Scottish Government. If, on the other hand, Scotland does outperform the UK average, then there will be a windfall for the Scottish … Continue reading ‘Exposing Scotland to risk’ – Some reflections on the devolved fiscal settlement
