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Independent Scotland debate

Independent Scotland debate | ESRC press coverage | Scoop.it
Politicians and academics have gathered in Glasgow to discuss what would happen if Scotland Votes 'No' in September.
ESRC's insight:

News coverage of the Future of the UK and Scotland's 'ifno' event which was held on Saturday 26th April 2014, featuring Dr Nicola McEwen, of the University of Edinburgh and ESRC Fellow, runs from 00:00- 02:00. The Future of the UK and Scotland programme is funded by the ESRC.


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Independent Scotland would face immediate £23bn debt – thinktank

Independent Scotland would face immediate £23bn debt – thinktank | ESRC press coverage | Scoop.it

An independent Scotland would face an immediate debt repayment of £23bn to the UK Treasury, equivalent to more than a third of its entire spending, an economics thinktank has warned.

The National Institute for Economics and Social Research (NIESR) said the new Scottish government would have to borrow that £23bn sum in its first year of independence, at interest rates up to 1.65% higher than the UK Treasury's rates, in addition to billions more needed to meet its budget shortfall on day-to-day spending.

ESRC's insight:

The NIESR's calculations, are part of an official programme of academic research on independence funded by the Economic and Social Research Council.

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