Independent Scotland spending gap would be smaller than UK's, CIPFA finds

 

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Breaking news from Public Finance magazine   BREAKING NEWS Independent Scotland spending gap would be smaller than UK's, CIPFA finds Scotland’s public service funding gap is likely to be smaller than the UK’s if the country becomes independent in 2016/17, an analysis by CIPFA has found.     The institute’s The Scottish referendum: Scotland’s future in the balance report found that in the proposed year of independence, and assuming that Scotland takes on a share of the UK’s national debt, public spending would total £69bn, against tax revenues of £65bn. This means there would be a projected shortfall between income and spending of around £4bn, or 6% of total spending. This is compared to an 11% shortfall for the whole of the UK.   MORE NEWS | OPINION/BLOG | FEATURES ©CIPFA, 3 Robert St, London, WC2N 6RL Tel: +44 (0) 20 7543 5600 Click here to unsubscribe from this email