Peter McGregor's blog

Talk of Scotland adopting a Scandinavian economic model usually comes with no mention of the bill but, suggests recent research, the impact of higher taxes is more complicated than it might at first appear. 
 
The Scottish Government holds up the Scandinavian economic model as one this country might emulate.
 
The focus is typically on the good news of more and better public services, with little comment on higher levels of taxation to pay for them.
 
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Much of the debate since the referendum has focussed on which additional powers are likely to be devolved from Westminster to Holyrood. Rather less attention has been paid to the likely impact on the Scottish economy of devolving any of the powers that have been suggested. At the time of writing, the details of the Smith proposals are not known but we can safely assume that he is unlikely to support either the most modest or the most-far-reaching of those put forward by the participating parties.

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Peter McGregor discusses tax powers for Scotland in the event of a no vote.

A “no” vote  in the forthcoming referendum on Scottish Independence would immediately lay to rest one of the most controversial issues that has characterised the economic debate so far, namely the currency issue.  Scotland would remain in a monetary union with the rest-of –the UK (RUK), which implies that the Scottish Parliament will have no greater influence on UK monetary policy than it does currently.

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The final report of the Labour Party’s Devolution Commission, published yesterday, contains two main proposals on taxation. Firstly, that the Scottish Parliament’s powers over income taxation should be enhanced with the ability to: vary income tax rates by up to 15p in the pound, compared to the 10p that would be implemented in 2016 as a consequence of the Scotland Act 2012; make the Scottish income tax system more progressive (but not less) by allowing upward variation (only) in the higher rates of tax relative to the basic rate.

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by Patrizio Lecca, Peter McGregor and Kim Swales, Fraser of Allander Institute, Department of Economics and Strathclyde International Public Policy Institute, University of Strathclyde and Centre for Constitutional Change

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Talk of Scotland adopting a Scandinavian economic model usually comes with no mention of the bill but, suggests recent research, the impact of higher taxes is more complicated than it might at first appear.    The Scottish Government holds up the Scandinavian economic model as one this country might... Read more
Post type: Blog entry
The Referendum on Scottish independence held on the 18th September, 2014, resulted in a significant majority vote (55% as against 45%) in favour of “no”. Accordingly, Scotland will remain a member of the U.K. for the foreseeable future. However, further changes in the Scottish fiscal system are i... Read more
Post type: Publication
Much of the debate since the referendum has focussed on which additional powers are likely to be devolved from Westminster to Holyrood. Rather less attention has been paid to the likely impact on the Scottish economy of devolving any of the powers that have been suggested. At the time of writing, th... Read more
Post type: Blog entry
Peter McGregor discusses tax powers for Scotland in the event of a no vote. A “no” vote  in the forthcoming referendum on Scottish Independence would immediately lay to rest one of the most controversial issues that has characterised the economic debate so far, namely the currency issue.  Scotland w... Read more
Post type: Blog entry
The final report of the Labour Party’s Devolution Commission, published yesterday, contains two main proposals on taxation. Firstly, that the Scottish Parliament’s powers over income taxation should be enhanced with the ability to: vary income tax rates by up to 15p in the pound, compared to the 10p... Read more
Post type: Blog entry
by Patrizio Lecca, Peter McGregor and Kim Swales, Fraser of Allander Institute, Department of Economics and Strathclyde International Public Policy Institute, University of Strathclyde and Centre for Constitutional Change In tone the White Paper appears to mark a move in the direction of the Scandin... Read more
Post type: Blog entry

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