Summary
ITIS remarkable that, in the recent plethora of comment about the state of Scotland's economy, and about its prospects, the experts seem oblivious to the single greatest constraint on economic success: the devolution settlement itself.
From David Bell [pictured], professor of economics at Stirling University, in February, to David Watt, of the Institute of Directors, and, more recently, to the criticism by Audit Scotland of Scottish Enterprise (March 16), the flaws in the financial arrangements inflicted by the Scotland Act are ignored.See the full content of this document
Extract
Devolution Settlement Stops Economic Success
Even when there is a suggestion about improving the system, as in the report from the Steel Commission regarding fiscal feder...
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