Row over Scottish independence start-up costs

clock

A row has broken out over the cost of setting up all of the public bodies needed in an independent Scotland.

It came after the UK Treasury published analysis which put the cost at £1.5bn, the BBC reports. It based the figure on research into the costs of setting up an independent state in Quebec, which were estimated at 1% of GDP. But Scotland's finance secretary accused the Treasury of releasing "false information". He has written to the senior civil servant at the UK government department calling for an investigation into the matter. In its analysis, the Treasury said that the costs could be nearly twice as much as its own £1.5bn estimate, if based on London School of Economics resea...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Trump's presidency and tariffs: Advice industry shares views

Trump's presidency and tariffs: Advice industry shares views

‘Stark raving mad’ but ‘great’ for US firms

Isabel Baxter
clock 18 February 2025 • 4 min read
Five-fold surge in advisers buying gilts for clients in 2024

Five-fold surge in advisers buying gilts for clients in 2024

AJ Bell finds 436% increase in gilt purchases on its Investcentre

Isabel Baxter
clock 10 February 2025 • 1 min read
Bank of England cuts interest rates by 25bps to lowest level in 18 months

Bank of England cuts interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 3 min read