BBC News – Scottish independence: New claims on economic outcome

Coins and flagThe UK and Scottish governments are vigorously arguing for their very own projections of the results of independence

Contrasting claims concerning the prices and advantages of Scottish independence are to be put to voters.

The Scottish authorities will argue that independence might result in an economic bonus value £P,000 for every family.

The UK authorities will say that protecting the Union will guarantee a dividend for everybody in Scotland.

The UK Treasury is getting ready to publish its costing of the White Paper plans for independence.

The challenges it has recognized for an unbiased Scotland embrace an ageing inhabitants, declining oil revenues and the potential for larger rates of interest.

The Treasury evaluation can be revealed by Chief Secretary to the Treasury Danny Alexander.

Mr Alexander informed the BBC’s Scotland 2014 programme: “One of the frustrations right here is that the nationalist authorities has not set out any prices in any respect of establishing a brand new state – they appear to imagine it is free.

“Just like they appear to imagine which you can get all of the oil out of the North Sea at no cost, simply as they appear to assume that they will get away with making an attempt to bamboozle individuals to vote for independence on the idea of numbers that merely do not add up – on oil revenues, on arrange prices, on tax and on spending.”

The Scottish authorities has rejected the view that the prices of independence are larger than the advantages.

‘Benefits of wealth’

First Minister Alex Salmond stated: “The actuality is Scotland is likely one of the wealthiest nations on the earth, extra affluent per head than the UK, France and Japan, however we’d like the powers of independence to make sure that that wealth correctly advantages everybody in our society.”

The Scotland Office has stated the paper will present “there’s a vital profit for each Scottish man, lady and youngster as a part of the union”.

The Scottish authorities has claimed that the Treasury calculations relaxation on a misinterpretation of analysis carried out by the London School of Economics (LSE).

LSE educational Patrick Dunleavy posted on his Twitter account: “UK Treasury press launch on #Scotland prices of presidency badly misrepresents LSE analysis.”

Mr Salmond added: “This is a devastating verdict on the Treasury’s figures from one of many authors of the report they’ve been utilizing to base their work on.

“And it completely undermines the whole lot they should say this week concerning the funds of an unbiased Scotland.”

Mr Alexander stated the figures on begin-up prices have been based mostly on analysis by Professor Robert Young from Canada.

UK belongings

The Scotland Office has questioned claims from the Scottish authorities that an unbiased Scotland can be entitled to a share of UK belongings.

A spokesman stated: “John Swinney now appears to have decreased his independence dream to an episode of Cash within the Attic.

“His monetary plan for independence now hinges on how a lot he may have the ability to get for ‘Scotland’s share’ of the UK Embassy in Tokyo or the brand new HMS Queen Elizabeth plane service.

“In personal, Mr Swinney advised his Cabinet colleagues that it might value £600m a yr for an unbiased Scotland to arrange one authorities division to gather tax. He ought to now inform everybody in Scotland what the full invoice for independence can be 12:08 am – Source: bbc.co.uk
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