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This week, we are highlighting the contributions of our fellows to Scotland's Decision: 16 Questions to think about for the referendum on 18 September.  Today’s topic is prospects for business and competition.

The book is available as a free download.

Our experts look at two questions under this heading:

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Scotland has limited lender of last resort options in an informal currency union

If an independent Scotland chooses an informal currency union (called ‘dollarization’ or 'sterlingization') as Plan B, its financial institutions cannot be sure they will have access to emergency liquidity in the next financial crisis. This is likely to have important consequences for Scotland’s financial sector, and therefore its capacity to export financial services, its new balance of payments and general economic prosperity.   

This week, we are highlighting the contributions of our fellows to Scotland's Decision: 16 Questions to think about for the referendum on 18 September.  Today’s topic is the economy. The book is available as a free download.

Our experts look at three questions on the economy:

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Since the publication of our report Work, employment, skills and training: where next for Scotland? at the end of April, debate on these issues has been hotting up, not just in Scotland, but elsewhere in the UK.  By requiring the government to produce a comprehensive outline of policies to be adopted by an independent Scotland, the referendum debate has provided a platform for the emergence of what is, by UK standards, a radical new vision for employment relations north of the border.  It is

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CIPFA asks tough questions on a future balance sheet for Scotland

The Chartered Institute of Public Finance and Accountancy (CIFPA) Scotland has today released a substantial report The Scottish Referendum: Scotland’s future in the balance which addresses tough questions around the future financing of an independent Scotland.

The report for the first time considers what a balance sheet for the current devolved Scottish public sector might look like and examines in detail the questions around Scotland’s current financial position and the future financial sustainability of Scotland.

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  • 22nd January 2019

    The UK is increasingly polarised by Brexit identities and they seem to have become stronger than party identities, a new academic report finds. Only one in 16 people did not have a Brexit identity, while more than one in five said they had no party identity. Sir John Curtice’s latest analysis of public opinion on a further referendum finds there has been no decisive shift in favour of another referendum. The report, Brexit and public opinion 2019, by The UK in a Changing Europe, provides an authoritative, comprehensive and up-to-date guide to public opinion on each of the key issues around Brexit. CCC Fellow, Dr Coree Brown Swan contributed a chapter on "the SNP, Brexit and the politics of independence"

  • 22nd January 2019

    In the papers accompanying the draft Environment (Principles and Governance) Bill published at the end of 2018, the UK Government says that it is “exploring opportunities to co-design the final proposals with the devolved administrations.” There are clear benefits in having strong co-operation and collaboration across the UK in the oversight of our environmental law and performance. Yet the challenge of finding a way forward in terms of working together is substantial since each part of the UK is in a different position at present. Given where things stand today, it may be better to accept that a good resolution is not possible immediately and to revisit the issue at a later stage - so long as there is a strong commitment to return and not allow interim arrangements to become fixed. Colin Reid, Professor of Environmental Law at the University of Dundee examines the issues.

  • 17th January 2019

    Richard Parry assesses a memorable day in UK parliamentary history as the Commons splits 432-202 on 15 January 2019 against the Government's recommended Brexit route. It was the most dramatic night at Westminster since the Labour government’s defeat on a confidence motion in 1979.

  • 17th January 2019

    What is the Irish government’s Brexit wish-list? The suggestion that Irish unity, as opposed to safeguarding political and economic stability, is the foremost concern of the Irish government is to misunderstand and misrepresent the motivations of this key Brexit stakeholder, writes Mary C. Murphy (University College Cork).

  • 17th January 2019

    Brexit is in trouble but not because of the Irish backstop, argues the CCC's Michael Keating.

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