Fiscal Policy

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Funding deal can end threat of the “Barnett Squeeze”

The UK Government and the Welsh Government are currently discussing the future of a ‘funding floor’ for Wales, designed to protect the relative level of government spending per head in Wales. A new report by researchers from Cardiff University’s Wales Governance Centre and the Institute for Fiscal Studies assesses three options for the floor, and considers how such a floor might interact with the Welsh block grant after taxes are devolved to Wales from April 2018.

A landmark new report by the Wales Governance Centre (WGC) at the University of Cardiff, Government Expenditure and Revenue Wales 2016, gives the clearest picture yet of the state of welsh public finances. Guto Ifan and Ed Poole at the WGC, explain that the report shows that public sector expenditure for Wales exceeded public sector revenues by £14.7 billion in 2014-15.
 
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The suggestion that an increase in the additional rate would lead to a mass migration of wealthy Scots has been widely - and rightly - criticised, says David Eiser. However, the likelihood of widespread tax avoidance by higher earners is a very real one. 
 
The SNP has been taking a lot of criticism for its failure to support a rise in the Additional Rate to 50p. 
 
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Does Nicola Sturgeon’s refusal to increase the Additional Rate of Income Tax to 50p unless it is increased in the rest of the UK undermine the case for tax devolution? David Eiser argues that there were always going to be constraints on the exercise of devolved powers and incumbent governments have to decide how these relate to the wider policy context.
 
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Scotland's fiscal framework: Assessing the agreement

The Smith Commission Agreement, published on 27 November 2014, set out proposals for substantial fiscal devolution to the Scottish Parliament. The Scotland Bill – due to receive Royal Assent shortly – will enshrine these powers in law.

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Latest blogs

  • 17th September 2018

    The upcoming New Caledonian independence referendum on the 4th of November 2018 is the outcome of a 30 years-long process of gradual decolonisation. Dr Alexandra Remond examines the prospects.

  • 14th September 2018

    For Ireland, the Brexit discussion has focused heavily on the Irish issue. This has meant an unrelenting emphasis on securing a Brexit deal which ensures no border on the island of Ireland, and achieving a backstop provision which guarantees this scenario. The expectation is that this will be achieved in the context of the Withdrawal Agreement, and before the transition phase begins. Dr Mary C Murphy looks at what the Brexit transition period means for Ireland, North and South.

  • 13th September 2018

    In her third blog on international trade issues and Brexit, Dr Kristen Hopewell looks at the high-tech US-Canada border amid claims that it offers a template to ensure a "frictionless" border in Ireland.

  • 7th September 2018

    In the second of her blogs focusing on international trade issues, Dr Kristen Hopewell looks at some of the difficulties that the UK might face as it seeks to negotiate new bilateral agreements

  • 6th September 2018

    With little more than six months to go before the UK leaves the EU on 29 March 2019, the position of Scotland vis-à-vis the EU is not much clearer than it was in the immediate aftermath of the EU referendum more than two years ago. Dr Tobias Lock looks at what has Brexit meant for Scotland so far and what developments can we expect?

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