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.
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.
David Bell giving evidence on the Scottish Government’s Draft Budget 2015-16
Paul Cairney analyses 'the vow' made by party leaders on greater devolution and the maintenance of the Barnett formula and asks what impact this will have on the rest of the UK,
Over the past few months, analysts from some of the world’s leading financial institutions have been offering their analysis on what might happen following a ‘yes’ outcome in the September 18th referendum on independence in Scotland. The financial services industry in Scotland, and their umbrella group Scottish Financial Enterprise (SFE), has been paying close attention to the reports.