Treasury: Scottish people '£1,400 a year better off in UK'

Scottish people will be £1,400 a year better off if the country remains in the UK, Chief Secretary to the Treasury Danny Alexander said. However, the Scottish government claimed an independent country could be £5 billion a year better off.

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Treasury says Scots '£1,400 a year better off in UK'

People in Scotland will be £1,400 a year better off if the country remains in the UK, new analysis from the Treasury claims.

The document claims a combination of factors - including rising debt interest, falling oil revenue and "uncosted policies" from the Scottish Government - would all contribute to Scots being worse off in an independent nation.

Chief Secretary to the Treasury Danny Alexander presenting the report.

Introducing the report this morning, Chief Secretary to the Treasury Danny Alexander said his fellow Scots would get a "UK Dividend" from staying in the union.

“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," the Lib Dem minister said.

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