Mission: To help businesses expand or relocate to extra optimum, business-friendly, lower-price places. The UK’s deficit is working at 2.4{65705f2b290a2dc16dbfaad642ccdf62c35ff371a9575d5f7766326c54da72cd} of GDP and, as a result of Scotland voted No in 2014, that fiscal context determines Scotland’s capacity to proceed to maintain spending on vital public providers. In contrast, Scotland’s notional stand-alone deficit in response to GERS is 8.4{65705f2b290a2dc16dbfaad642ccdf62c35ff371a9575d5f7766326c54da72cd}. The EU’s extreme deficit” threshold is three.0{65705f2b290a2dc16dbfaad642ccdf62c35ff371a9575d5f7766326c54da72cd}. Even before considering the challenges of creating a foreign money and weathering the shock of separation from the UK single-market – a market objectively 4 times more vital to Scotland than the EU – it is clear that an independent Scotland wouldn’t have the ability to maintain the tax and spend levels described in GERS.
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