Scotland's Choices: The Referendum and What Happens Afterwards

Scotland's Choices: The Referendum and What Happens Afterwards

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Scotland faces its biggest choice since the 1707 union that made the United Kingdom - should Scotland be an independent country? The Yes and No campaigns are well under way but with the vote looming closer the information available to the public is still limited. What will happen after the referendum? What are the international implications? What about the UK's nuclear deterrant, currently housed in Scotland? What happens if the vote is 'No'? Is it even clear what independence will mean? What about the oil? What will the currency be? What will happen to the Old Age Pension pot if the UK splits? Scotland's Choices, now fully revised for the critical last few months before the referendum, does just that. Written by one former civil servant, one academic and one think-tanker - one a resident Scot, one a Scot living in England and one an Englishman - the authors clearly explain the issues you may not have considered and detail how each of the options would be put into place after the referendum.Holtham recognised that the scheme effectively allowed a lower but not a higher rate of corporation tax in Wales. ... They also suggested reducing the grant paid by a smaller amount, so as to increase the Scottish budget overall; the UK ... Of course this already applies to people moving inside the European Union, and these challenges can be overcome, but ... the Scotland Act 2012, for the UK government to take responsibility for the fiscal effect of any changes it made to the tax base.

Title:Scotland's Choices: The Referendum and What Happens Afterwards
Author: Iain McLean, Jim Gallagher, Guy Lodge
Publisher:Edinburgh University Press - 2014-05-01

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