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World

The reality of the SNP’s impossible economic dream

22 March 2021

1:31 AM

22 March 2021

1:31 AM

A newly independent Scottish state would have to implement eye watering spending cuts or tax increases to stay afloat, according to new analysis.

If the new state were to balance the books using tax increases alone then Scotland’s three income tax bands, which are broadly equivalent to the basic rate in the rest of the UK, would have to go up by 26 pence in the pound, taking Scotland’s basic rate to 46 pence.

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