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Scots 'face cuts or tax rises'

An independent Scotland would need to cut spending or increase taxes more than the rest of Britain to help balance its public finances in the long term, a report by the IFS think tank has claimed.

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Report 'underlines case for an independent Scotland'

Scotland's Finance Secretary John Swinney has said that a report from the IFS, which forecasts higher taxes and deeper cuts, actually bolster's the SNP's campaign for Scottish independence:

This report actually underlines the case for an independent Scotland with full control of its own economy and the ability to take decisions that can secure a stronger and more prosperous future for the country.

It is no surprise that projections based on the UK’s economic position show a long term deficit when the OBR state that the UK’s economic strategy is “unsustainable” and that the UK will run a fiscal deficit in each of the next 50 years ...

The whole point of independence is to equip Scotland with the competitive powers we need to make the most of our vast natural resources and human talent and to follow a better path from the current Westminster system which stifles growth and which is responsible for the damaging economic decisions which this report – and its projections – are based on.

– john swinney, Scotland's Finance Secretary

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