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The FT has published the first part of what it says will be a series on the risk of the UK breaking up. The article considers the economic risks of Scotland becoming independent. It begins by saying:
An independent Scotland would inherit a large hole in its public finances because lower than expected tax revenues, Brexit and the coronavirus crisis have increased the country’s budget deficit, according to a Financial Times analysis. The analysis is depressingly familiar. The argument suggests that Scotland’s fiscal position has deteriorated since 2014 and that it now faces major budget deficits. Given that all such comments are, of course, based on assumptions as well as economic data, none of which are free from bias (meaning, of course, that I accept that I am not) I checked out what the sources for this article might be.
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