Any action by the UK government that has tax or expenditure implications anywhere in the UK, whether related to reserved or devolved functions, will have consequences for tax and expenditure decisions in Scotland through the Barnett formula.
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11 February 2015, Financial Times
02 January 2015, Financial Times
Anyone who thinks that the Smith Commission proposals on further devolution for Scotland will defuse the remaining issues lives in a political bubble distant from the interests of ordinary voters.
03 December 2014, Financial Times
There is only one way in which the Scottish government’s new freedom to vary income tax can be exercised, and that is to raise it. That was not what the supporters of more devolution had in mind when they asked for additional powers.
12 November 2014, Financial Times
The close independence vote, together with the hasty promises that preceded it, have rendered unsustainable the quiet compromises that had defused the Scottish issue in British politics.
17 September 2014, Financial Times
Scotland has prospered as part of a United Kingdom and could prosper as an independent country. Which course is more appropriate is a question of identity and values, not economics. And whatever the outcome of the referendum, sensible people will work together to ensure that outcome produces the best possible economic result.
10 September 2014, Financial Times
While most of the debate surrounding Scottish independence has been about economic matters, the economic arguments are far from conclusive either way. The real questions concern the sort of country Scots and Scotland’s residents want. The nation’s political future will drive the economics.
11 August 2014, Financial Times
If Scotland introduces its own currency the first minister should declare that all contracts made in sterling – or dollars – will continue to be payable in that currency.
02 July 2014
The Scottish referendum is unlikely to produce a majority for independence. But in the absence of a positive assertion of what it means to be British, the United Kingdom is sleepwalking towards separation.
30 April 2014
John asks what should Scottish business really think about the forthcoming independence referendum.
09 April 2014, Financial Times
In today’s world of global business and finance, people make agreements in whatever currency they like and under whatever legal system they choose.
01 September 2010, Financial Times
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