Scottish people will be £1,400 better off as part of the UK analysis shows
28 May 2014 01:58 PM
Every Scottish man,
woman and child benefits from a £1,400 UK Dividend as part of the UK, new
analysis shows.
Analysis published by Chief
Secretary to the Treasury Danny Alexander today (Wednesday 28 May) shows every
Scottish man, woman and child benefits from a £1,400 UK Dividend as part
of the UK.
This is because an independent
Scotland would have lower tax revenues and higher spending driven
by:
- the gap in its public finances
on day one of independence
- the uncosted policies of the
Scottish government
- higher interest payments on
government debt
- declining oil
revenues
- an ageing
population
Compiled by the Treasury over 18
months and based on independent forecasts and modelling, this is the most
comprehensive analysis of the fiscal position of Scotland yet produced and sets
out the scale of the UK Dividend for Scotland.
Read the latest Scotland Analysis paper on fiscal policy and
sustainability.
Speaking at the launch
event in Edinburgh, Danny Alexander said:
Today we have shown that, by
staying together, Scotland’s future will be safer, with stronger finances
and a more progressive society.
Because as a United Kingdom we
can pool resources and share risks.
It means a UK Dividend of
fourteen hundred pounds a year for every man, woman and child in
Scotland.
That dividend is our share of a
more prosperous future. It is the money that will pay for better public
services and a fairer society.
Read Chief Secretary to
the Treasury Danny Alexander’s speech in full.