Having your own currency – managing the money supply, taxation and debt – are vital for any Sovereign state. Scotland will be no different when it regains independence. Its unlikely that Scotland will follow the failed neo-liberal montary model of the UK. Instead it is likely to adopt something similar to other modern democracies, and base its monetary system on Modern Monetary Theory thinking. But how do you address basic issues like inequality, and investing in infrastructure and public services to stimulate growth?
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Does England subsidise Scotland?
No! Westminster’s calculation of both revenue and expenditure for Scotland is artificial. Our revenues are much higher. Westminster loves to…
Currency Options for an Independent Wales
The following is a transcription of a presentation made by Professor Thiebault Laurentjoye from Aalborg University Business School to the…
Will the UK ever get fairer?
NO: The gap between rich and poor in the UK continues to increase rapidly, whichever English party is in control…
Will the UK ever get fairer?
NO: The gap between rich and poor in the UK continues to increase rapidly, whichever English party is in control in Westminster. And it gets worse if you compare Westminster’s performance with other countries in Europe. Inequality is much lower…
The UK: Where It Pays to be Rich
The top 20% in the UK have seen a big rise in disposable incomes over the past few decades. The bottom 20% haven’t been so lucky. The UK: where it…
Better together?
The UK is in long term decline. Why would Scotland choose to be part of it?
Unionist parties control most spending for Scotland
Unionist parties control most spending for Scotland. But the UK Media is only interested in the bit that the Scottish Government can control. Even the size of this bit is…
How is Scotland funded?
Currently most public spending for Scotland is controlled by Labour or the Tories – either directly from Westminster, or via the Local Councils they control. After independence all public spending…