Fiscal Policy

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The Scottish Government's new capacity to borrow is a vital, if little-discussed, power. However, says Angus Armstrong, the details of how this will work may have been dodged by the Smith Commission but cannot long be avoided by the Scottish Government and HM Treasury. 
 
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Current discussions over the Scotland Bill have seen the Chancellor and SNP Westminster leader Angus Robertson at loggerheads over the role of borrowing in national life. Gemma Tetlow of the Institute for Fiscal Studies discusses the approach of the two governments and their likely implications for taxation. 

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David Comerford discusses the latest IFS analysis of Scottish Government finances under so-called full fiscal autonomy. How did the SNP respond to these figures?

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The SNP's positioning itself as the anti-austerity party has resonated with parts of the electorate. However, explains David Eiser, analysis of their spending commitments by the IFS suggests that that's not quite how things would work in practice.

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  • 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.

  • 16th January 2019

    Fellows of the Centre on Constitutional Change respond to the rejection of the Withdrawal Agreement by the House of Commons and the impending no-confidence vote in the government.

  • 11th January 2019

    Richard Parry assesses the unfolding drama at Westminster around no-deal scenarios. The deal ‘would be an uncomfortable outcome for the EU: providing quota-fee, tariff-free access to the EU market without any accompanying financial obligations; without any access to UK fishing waters in the absence of further agreement; and without any commitments to align with the majority of so-called level playing field arrangements’. For Tory leavers, what’s not to like in this negotiating triumph for Theresa May?

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