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Since the publication of our report Work, employment, skills and training: where next for Scotland? at the end of April, debate on these issues has been hotting up, not just in Scotland, but elsewhere in the UK.  By requiring the government to produce a comprehensive outline of policies to be adopted by an independent Scotland, the referendum debate has provided a platform for the emergence of what is, by UK standards, a radical new vision for employment relations north of the border.  It is

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CIPFA asks tough questions on a future balance sheet for Scotland

The Chartered Institute of Public Finance and Accountancy (CIFPA) Scotland has today released a substantial report The Scottish Referendum: Scotland’s future in the balance which addresses tough questions around the future financing of an independent Scotland.

The report for the first time considers what a balance sheet for the current devolved Scottish public sector might look like and examines in detail the questions around Scotland’s current financial position and the future financial sustainability of Scotland.

Scotland Institute publishes report on Scotland's share of the UK's debt

The Scotland Institute has issued a report authored by Jonathan Price titled Debt and Destiny: An assessment of an independent Scotland’s fair share of the United Kingdom’s national debt and the impact it could have on Scotland’s future.

The report attempts to address the lack of discussion around Scotland's share of the UK's debt in the event of independence. The institute's chairman Dr Azeem Ibrahim notes in a blog on Scots Politics that:

What set-up costs would an independent Scotland face? The debate continues.

The work of LSE'S Professor Patrick Dunleavy was cited in a HM Treasury report on the set-up costs of an independent Scotland. In a blog for LSE British Politics and Policy, Professor Dunleavy challenged the use of his work, focused on the cost of setting up or substantially revamping a Whitehall department, saying:

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Reindustrialising Scotland for the 21st Century: A Sustainable Industrial Strategy for a Modern, Independent Nation

The Scottish Government set out in Scotland’s Future and Building Security and Creating Opportunity: Economic Policy Opportunities in an Independent Scotland how the full economic policy levers of independence could be used to create a more successful and fairer economy.

This paper builds on a key theme set out in both reports - the objective of rebalancing and reindustrialising the Scottish economy.

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