Economy

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David Eiser asks how much difference do economic arguments make to people’s attitudes and voting intentions? 

Whether the issue was currency choice, the affordability of future policy proposals, or the policy options available to a small, open economy in a globalised world, economic arguments were at the heart of Scotland’s referendum debate. 

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The devolution of income tax has received considerable attention in the discussion surrounding the Smith Commission. In the fourth of the extracts from our recent e-book, Dr Angus Armstrong argues that devolving taxation without borrowing powers will leave nobody happy.
 
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The Smith Commission seems set to include some welfare devolution in the Heads of Agreement to be announced on Thursday. But what does welfare devolution mean in practice? Professor Nicola McEwen argues that there are a variety of models of welfare devolution, each with different implications for the ability of the Scottish Parliament to redesign welfare and meet social and economic needs.

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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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“Flaw” in Barnett formula protects Scotland and Northern Ireland from hundreds of millions of cuts

At present, the devolved governments in Scotland, Wales and Northern Ireland get most of their money in the form of a block grant from the UK Treasury. How this grant changes from year-to-year is largely determined by the Barnett formula – which aims at providing the same pounds-per-person change in funding for the devolved governments as is the case in England.

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Latest blogs

  • 16th November 2018

    What has been presented as an endgame is really just the beginning of the process and what is being described as the 'transition' or 'implementation' period, says Michael Keating, is really the time in which the real negotiation of what Brexit means will take place.

  • 15th November 2018

    With the politics of the process changing almost by the minute, Richard Parry assesses the ‘stable text’ of the Brexit agreement.

  • 15th November 2018

    As the DUP position shifts and Threatens Theresa May's working majority, Jonathan Evershed assesses the scope and limits of Unionist resistance to the Brexit backstop.

  • 15th November 2018

    Professor Michael Kenny and Jack Sheldon discuss a new report from the Centre on Constitutional Change and the Bennett Institute offering a comprehensive analysis of the weaknesses that bedevil the machinery for relations between the UK government and the devolved governments in Scotland, Wales and Northern Ireland. Over the coming weeks, we will highlight some of the findings and recommendations.

  • 13th November 2018

    Experts from the Universities of Edinburgh and Cambridge have called for far-reaching reforms to the UK’s system of intergovernmental relations (IGR). The report, Reforming Intergovernmental Relations in the United Kingdom, provides the framework for a new system of intergovernmental machinery built around principles of respect, transparency and accountability.

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