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18/11/2013
Scotland Would Face Tougher Fiscal Challenge Than The UK - IFS
An independent Scotland would require a significant cut in spending or increase in taxes, over and above that already announced by the UK government, in order to put their long-term public finances onto a sustainable footing, according to the Institute for Fiscal Studies (IFS).
The scale of this fiscal tightening is likely to be greater than that required for the UK as a whole.
These are the main findings of new IFS research, funded by the Economic and Social Research Council (ESRC). The research uses a model of the UK's and Scotland's long-run public finances to project levels of public revenues and spending over the next 50 years, taking into account projected changes in the size and demographic structure of the population, in order to examine the long-term public finance challenge that would face the UK and Scotland.
(CD/IT)
The scale of this fiscal tightening is likely to be greater than that required for the UK as a whole.
These are the main findings of new IFS research, funded by the Economic and Social Research Council (ESRC). The research uses a model of the UK's and Scotland's long-run public finances to project levels of public revenues and spending over the next 50 years, taking into account projected changes in the size and demographic structure of the population, in order to examine the long-term public finance challenge that would face the UK and Scotland.
(CD/IT)
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Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
