How to pay for becoming independent
Setting up an independent Scotland is estimated to be about £25 billion, £15 billion of which comes Scotland's share of UK assets. The remining £10 billion is a one-off cost.
What is the financial impact on Scotland of independence?
There are three aspects - initial debts inherited, the cost of work to establish operations, and the continuing financial position. The costs can be covered by the assets transferred to Scotland, issuing of bonds, and borrowing as all nations do.
The costs of independence and the work required to set up new governing systems
The estimated costs of setting up an independent government are estimated at £25 billion, of which about £15 billion will be from assets transferred.
Funding Scottish independence
The set up costs are estimated at £25 billion of which £15 billion as a share of assets being transferred. The continuing financial position is dependent on the strength of the economy.
Can Scotland afford independence?
Certainly. Scotland has adequate renewable energy resources -wind, water, tidal. It has a good manufacturing base with a world class financial sector. It has thriving service and tourist industries. The tax basis for enabling economic and social development exists. It was established in the 2014 referendum that Scotland would not need to take on a portion of the UK debt.
What are the cost implications of setting up an independent Scotland?
Initial debts will be a matter of negotiation with the UK government. The set up costs are estimated at £25 billion of which £15 billion will be offset as a share of assets being transferred.
Type of Resource
Briefing paper
Scottish independence would be 2-3 times more costly than Brexit, and rejoining the EU won’t make up the difference
Scottish independence would be 2-3 times more costly than Brexit over 15 years. Rejoining the EU wwll make up part of the difference in trade value. This made headline news for a time. The methodology has been questioned.
Type of Resource
Blog
Date Published
SCOTLAND THE BRAVE? AN OVERVIEW OF THE IMPACT OF SCOTTISH INDEPENDENCE ON BUSINESS
The practical issues that arise on separating Scotland from rUK cannot be underestimated, despite the existence of a Scottish Government since devolution. Everything run on a UK-wide basis must be split. Laws that are in force in Scotland and in rUK on independence day will continue in force, but both countries need to look at their statute books in order to ensure that they meet the requirements of each country's new or revised form
How To Start a New Country & A Short Guide To Starting a New Country
Both books are essential reading for both believers in Scottish independence and undecided voters who seek answers to their practical questions about the processes required for starting an independent country.
Type of Resource
Policy Paper