Fiscal Policy

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The Scottish Government's new capacity to borrow is a vital, if little-discussed, power. However, says Angus Armstrong, the details of how this will work may have been dodged by the Smith Commission but cannot long be avoided by the Scottish Government and HM Treasury. 
 
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Current discussions over the Scotland Bill have seen the Chancellor and SNP Westminster leader Angus Robertson at loggerheads over the role of borrowing in national life. Gemma Tetlow of the Institute for Fiscal Studies discusses the approach of the two governments and their likely implications for taxation. 

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David Comerford discusses the latest IFS analysis of Scottish Government finances under so-called full fiscal autonomy. How did the SNP respond to these figures?

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The SNP's positioning itself as the anti-austerity party has resonated with parts of the electorate. However, explains David Eiser, analysis of their spending commitments by the IFS suggests that that's not quite how things would work in practice.

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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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