Independent Scotland would need to cut deficit, says Sturgeon

Data shows country spent £13.5bn more than it raised in taxes last year, a gap of 8.3%, compared to UK’s 2.4%Nicola Sturgeon has said an independent Scotland would face tough economic challenges after data showed the country spent £13.5bn more than it raised in taxes last year.The first minister confirmed that if voters backed independence in the near future, Scotland would need a dramatic improvement in its finances to bring its current spending deficit of 8.3% down to 3%, the level most economists see as sustainable. Continue reading…
Via: Independent Scotland would need to cut deficit, says Sturgeon