Fiscal Commission Confirms Opportunities of Independence
Monday, February 11, 2013
The Fiscal Commission report has confirmed the opportunities of
independence says SNP Treasury Spokesman and member of the House of
Commons Treasury Select committee Stewart Hosie.
The report highlights key opportunities for Scotland that would
come from independence, as well as showing how a currency union
with Sterling can be effectively delivered, and the stronger fiscal
position of Scotland in comparison to the rest of the UK.
Mr Hosie said :
"This is a detailed report by an unquestionable group of experts
who have produced a major contribution to the independence debate
and offered a model that would help an independent Scotland deliver
prosperity and tackle inequalities.
"The report shows that there are huge opportunities from the
increase in power and responsibility that would come from
independence and that Scotland could be a successful independent
"With full economic sovereignty the people of Scotland would be
able to choose welfare and social security policies that work in
Scotland's interests and use taxation to target key growth
industries or regulation to deliver a better economy.
As this report makes clear under independence we could make
decisions in Scotland to suit Scotland's circumstances.
"This report also kills off the claims from the opposition
over monetary union with a crystal clear model for sharing a
currency and managing financial regulation that could see
both countries take a share in responsibility and see a substantial
increase in the economic powers of future Scottish
"This report also shows that Scotland's economy starts from a
strong position confirming that on any sensible division of the
UK's assets and liabilities, Scotland's share of debt would be
lower than it is as part of the UK.
"Crucially it would be for an independent country to make all
these decisions ourselves in the best interests of Scotland. We
know the Bank of England has had technical discussions with the
Commission. This report is a good basis for further
discussion with industry, stakeholders, and institutions."
From Scottish National Party.