This Sunday Times article by
A proposal by the SNP for tackling Scotland’s multibillion-pound budget deficit in the event of independence has been described as “implausible” by a leading economist.
Warwick Lightfoot from the Policy Exchange, a right-of-centre think tank, warns that independence would trigger a fiscal challenge “that would probably get worse rather than better”. He says the party will have to convincingly address “vexing questions” over which currency it would use — and how its taxpayers could underwrite its banks — in the event of a financial crisis.
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