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Author:
Publisher:
ISBN: 9781788519335
Category : Expenditures, Public
Languages : en
Pages : 77
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Book Description
Author:
Publisher:
ISBN: 9781788519335
Category : Expenditures, Public
Languages : en
Pages : 77
Get Book Here
Book Description
Author:
Publisher:
ISBN: 9781787818736
Category :
Languages : en
Pages : 57
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Book Description
Author: Great Britain: H.M. Treasury
Publisher: The Stationery Office
ISBN: 9780101869423
Category : Business & Economics
Languages : en
Pages : 132
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Book Description
In September 2014 people in Scotland will take one of the most important decisions in the history of Scotland and the whole of the United Kingdom (UK) - whether to stay in the UK, or leave it and become a new, separate and independent state. In advance of the referendum, the UK Government will ensure through the Scotland analysis programme that the debate is properly informed by analysis, and that the facts crucial to considering Scotland's future are set out. This paper sets out the role of economic and fiscal integration in shaping Scotland's economic performance as part of the UK and describes some of the potential economic and fiscal consequences of independence. It follows the fourth paper in the Scotland analysis series, Scotland analysis: Business and microeconomic framework, which sets out how the UK's domestic market is a key part of Scotland's successful business environment
Author: Paul Hallwood
Publisher: Edward Elgar Publishing
ISBN: 1848449186
Category : Business & Economics
Languages : en
Pages : 161
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Book Description
The Barnett formula is doomed. These authors provide a readable and convincing guide to the alternatives. The volume is a wonderful example of what tight economic reasoning can do its case for fiscal autonomy is unanswerable . Professor Michael Artis, University of Swansea, UK 'Written by two economists independent of the sort of political biases that mar so much of the discussion this book offers a refreshing, analytical and authoritative economic analysis of the various paths for fiscal reform in Scotland'. Professor Drew Scott, The University of Edinburgh, UK Hallwood and MacDonald make a compelling case for the devolution of fiscal authority to Scotland to increase fiscal autonomy and improve fiscal performance. They suggest not only the need for such devolution but provide a careful analysis and blueprint of how to do it. Wallace E. Oates, University of Maryland, US Fiscal autonomy could raise economic growth and efficiency in Scotland, benefiting both Scotland and the rest of the United Kingdom. C. Paul Hallwood and Ronald MacDonald discuss how other reform proposals, which amount to cutting Scotland s block grant, would not be seen as legitimate by Scottish voters, and would be unlikely to reduce the burden on the Westminster budget. The authors demonstrate how public finances can be organized to minimize the price of tranquillity in multi-regional states. Advances proposed in the new fiscal federalism literature are used to explain why fiscal autonomy would be a superior system compared to the present block grant system and fiscal federalism, whereby Scotland would be granted limited tax powers. Their extensive review of recent econometric studies finds that tax devolution in other countries has been largely successful.
Author: Scotland. Scottish Fiscal Commission
Publisher:
ISBN: 9781911637233
Category :
Languages : en
Pages : 20
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Book Description
Author: Scotland. Scottish Fiscal Commission
Publisher:
ISBN: 9781999848750
Category :
Languages : en
Pages : 32
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Book Description
Author: OECD
Publisher: OECD Publishing
ISBN: 9264816917
Category :
Languages : en
Pages : 221
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Book Description
The OECD Economic Outlook, Volume 2021 Issue 1, highlights the improved prospects for the global economy due to vaccinations and stronger policy support, but also points to uneven progress across countries and key risks and challenges in maintaining and strengthening the recovery.
Author: Michael Keating
Publisher: Oxford University Press
ISBN: 0192507044
Category : Political Science
Languages : en
Pages : 243
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Book Description
On 18 September 2014, Scotland held a referendum on the question: Should Scotland be an independent country? This is a most unusual event in modern democracies and engaged the political class, civil society, and the general public to an unprecedented degree, leading to an 85 per cent turnout in the final vote. This was an occasion to debate not just the narrow constitutional issue but the future of the nation, including the economy, social welfare, defence and security, and Scotland's place in Europe and the world. Debating Scotland comes from a team of researchers who observed the debates from close-up and engaged with both sides, with the media and with the public in analyzing the issues, while remaining neutral on the independence question. The book examines the main issues at stake, how they were presented, and how they evolved over the course of the campaign. The editors and contributing authors explore the ways both independence and union were framed, the economic issues, the currency, welfare, defence and security, the European Union, and how the example of small independent states was used. The volume concludes with an analysis of voter responses, based upon original survey research, which demonstrates how perceptions of risk and uncertainty on the main issues played a key role in the outcome.
Author: Great Britain: H.M. Treasury
Publisher: The Stationery Office
ISBN: 9780101881524
Category : Business & Economics
Languages : en
Pages : 80
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Book Description
This assessment finds that the UK is a successful union because taxation, spending, monetary policy and financial stability policy are co-ordinated across the whole UK. It means risks are pooled, there is a common insurance against uncertainty and no one area or sector of the larger economy is too exposed. Within a sterling currency union, an independent Scottish state would find it more difficult to adjust to the effects of economic challenges. The continuing UK would become unilaterally exposed to much greater fiscal and financial risk from a separate state. Greater fiscal risk would come from UK taxpayers being asked to support the wider economy of another state and also financial risk were banks from that state to fail. The experience of the euro area in the financial crisis highlighted the challenges of creating a durable and effective currency union, illustrated by the very difficult economic adjustments required by some members and the financial risks that have been accepted by other members and their taxpayers. On the basis of the scale of the challenges, and the Scottish Government's proposals for addressing them, HM Treasury would advise the UK Government against entering into a currency union. There is no evidence that adequate proposals or policy changes to enable the formation of a durable currency union could be devised, agreed and implemented by both governments.
Author: Office for Budget Responsibility
Publisher: The Stationery Office
ISBN: 9780101797924
Category : Business & Economics
Languages : en
Pages : 164
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Book Description
The Office for Budget Responsibility was established to provide independent and authoritative analysis of the UK's public finances. Part of this role includes producing the official economic and fiscal forecasts. This report sets out forecasts for the period to 2015-16. The report also assesses whether the Government is on course to meet the medium-term fiscal objectives and presents preliminary observations on the long-run sustainability of the public finances. Since the June forecast, the UK economy has recovered more strongly than initially expected. The GDP growth was greater than expected in both the 2nd and 3rd quarters, but that unemployment levels have risen to levels that the June forecast did not anticipate until the middle of 2012. In general the world economy has also grown more strongly. CPI inflation has remained slightly higher than expected in June, whilst public finances have performed as forecast. The interest rates on UK debt are lower than in June. The OBR forecasts that the economy will continue to recover from the recession, but at a slower pace than the recoveries of the 1970s, 1980s and 1990s. The publication is divided into 5 chapters with two annexes.
