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IFS: Spending cuts or tax increases would be needed to pay for Independence White Paper giveaways

New calculations – based on forecasts from the Office for Budget Responsibility (OBR) – suggest that an independent Scotland would face a budget deficit of 5.5% of GDP (£8.6 billion in today’s terms) in its first year of independence were it to inherit a population share of the UK’s national debt. This would not be sustainable for any prolonged period. Any upside surprise on oil revenues would help, for a while, but as recent experience demonstrates, these revenues can also disappoint.

Strathclyde Commission: Scotland should have full powers over income tax

The Scottish Parliament should be handed full powers over income tax, according to a report commissioned by the Scottish Conservatives.

Bookies may be best bet to predict referendum

Expert suggests 70 per chance of “no” vote

If you want to guess the outcome of the referendum, it might be better to consult the bookies than rely on opinion polls.

That’s the conclusion of a leading academic who has been looking at the best way to forecast the outcome of the 18 September poll.

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