Can Scotland afford to be independent?

Question: 

Can Scotland afford to be independent?

Answer: 

Scotland is a country rich in resources, and undoubtedly has what it takes to be a more prosperous and fairer independent country.  Analysis by the Financial Times shows that Scotland is one of the world's twenty wealthiest countries, and could expect to start life with healthier finances than the rest of the UK. 

And it’s not only the Yes campaign that accepts Scotland can more than afford to be independent.

“Supporters of independence will always cite examples of small, independent and thriving economies, such as Finland, Switzerland and Norway. It would be wrong to suggest that Scotland could not be another such successful, independent country” - David Cameron (April 2007)

  • Scotland has generated more tax per head than the rest of the UK for each and every one of the past 33 years, and our public finances are stronger.  Over the past five years, Scotland has generated 9.5% of UK taxes but received just 9.3% of UK spending - a stronger financial position compared to the UK worth £8.3 billion.  Scotland spends a smaller share of its wealth and taxes on welfare and social protection.  
  • We have a wide and diverse range of industries and out of all UK regions and nations, only London and the South East create more wealth (per head) for the economy than Scotland.  That's why the the expert economists on the Fiscal Commission Working Group concluded that, “by international standards, Scotland is a wealthy and productive country”.  Indeed, according to analysis by the Financial Times, an independent Scotland will be one of the top 20 wealthiest nations on the planet - wealthier per head than France, the UK and Italy.   

 

 

So the real issue is, why are our people and families not better off?  And why is it becoming increasingly unequal with the very richest enjoying a disproportionate share of income and wealth?

We believe the reason is that the policies of successive Westminster governments are not the right ones for Scotland.  And with all the main Westminster parties signed up to austerity policies, we need independence urgently, as never before. 

Like other small countries, we need full control of our resources to make the best use of them.

For all these reasons we can expect an independent Scotland to not just survive, but prosper - and make our wealth deliver far more for the people who live here.


  

Topics: 
Economy, Pensions, Public finances, Welfare state