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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Funding Scotland – Real Terms Cuts
Westminster has inflicted large real terms cuts on the Scottish Government, and Local Councils in turn.
Funding Scotland – How it Currently Works
Labour and the Tories between them control most spending for Scotland. The Scottish Government has no say. These parties are managed from England, where priorities for this spending are set with no…