Scottish Independence: report warns austerity looming outside the UK

An independent Scotland would quickly amass "unsustainable levels" of debt and would need embark on a fresh wave of austerity, a new report has found.

The Oxford University Study warns that figures released this week setting out a £12.6 billion black hole in Scotland’s public finances present a “major challenge” for the SNP’s plans to leave the

  • By Scott Macnab
  • The Scotsman

The study by former Scotland Office economist Professor Jim Gallagher analysed the impact of the Government Expenditure and Revenue Scotland (GERS) report which was published by the

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