Economic case against Scottish independence ‘even more stark’ than in 2014, says Douglas Ross – Edinburgh Evening News

Mr Ross commented while on the campaign trail in Moray, and ahead of his visit to Edinburgh on Monday – in the run-up to the Holyrood election on May 6.

Analysis from the Financial Times published today has determined that a major deterioration in Scotland’s fiscal position since the independence referendum in 2014 suggests it will face a persistent deficit of nearly 10 per cent of gross domestic product (GDP) if it leaves the UK by the middle of this decade.

The newspaper added that the nation has seen its budget deficit widened by lower-than-expected tax revenues, Brexit and the coronavirus crisis – and reducing its GDP deficit from about 10 per cent to a “manageable” 3 per cent would require raising taxes or slashing public spending annually by the equivalent of £1,765 per person in the period after exiting the UK.

close

Sign up to receive our weekly newsletter and join the fightback against Scottish Nationalism.