Yes, it’s hardly a neutral document on the matter.
Still, there are lots of interesting charts in the UK government’s latest report on the finance and economics of Scotland becoming a sovereign state, this time covering the dangers from banks…
…Although we think they missed one.*
Alternatively, what price to taxpayers for political pride.
Spotted in HM Treasury’s collection of responses to the idea of letting Scotland issue its own bonds later this decade — a… wide range of guesses about how they might be priced: Read more
Exhibit A: the North Face of Ben Nevis, Scotland’s highest mountain.
At long last, Scotland is to meet the capital markets.
Scotland is one of a rare breed of nations: it has its own legal system but lacks sovereignty. It’s also a fiscal outlier. Unlike sub-sovereign entities in the US, Italy and Australia (to name a few), it has little flexibility over taxation and is unable to issue bonds. Read more