Scotland faces continuous budget cuts

Data published by Scottish Government economists show that Scotland’s budget faces cuts in real terms until 2017 and the country would have to wait until 2028 before its spending can reach its 2009 level in real terms.

According to the data, during the seven-year span of time between 2010 and 2017, the Scottish Government’s Departmental Expenditure Limit budget would be cut by 18% in real terms.

This comes as the British government has repeatedly offered Scottish people greater financial powers in case they would not vote for an independent Scotland.

“When the referendum on independence is over, I am open to looking at how the devolved settlement can be improved further and, yes, that does mean considering what further powers could be devolved. But, that must be a question for after the referendum when Scotland has made its choice about the fundamental question of independence or the United Kingdom,” said British Prime Minister David Cameron in a meeting with Scotland’s business leaders earlier last month.

Furthermore, earlier in February, Liberal Democrat Secretary of State for Scotland, Michael Moore, said that additional powers for the Scottish parliament would be discussed if the Scottish would vote against Scotland’s independence.

However, the newly released data have turned British officials’ offers into empty slogans as Scotland’s Finance Secretary John Swinney said becoming independent is the only way for Scotland to boost its economy.

“It is further evidence that the UK Government’s austerity programme is deeply damaging to Scotland, and we now know that without independence and substantial new financial powers coming to Scotland, we face years of cuts from Westminster,” said Swinney.

“The independence referendum in Autumn 2014 will be an opportunity to ensure that the key economic decisions are taken in Scotland for Scotland, and that we can boost economic growth and thus Government revenues,” he added.

ISH/PKH/HE

Views: 0

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes