UK Government slammed for losing out on £500bn North Sea wealth fund
If a North Sea wealth fund had been set up in the 1980s, it would be worth over half a trillion pounds today, the IPPR estimates
THE UK GOVERNMENT missed its chance to establish a wealth fund based around North Sea oil which would today be worth over £500bn, according to the Institute for Public Policy Research (IPPR).
IFS report: SNP come out on top in Fiscal Framework deal
Think tank finds that that a lack of borrowing powers could leave the Scottish economy vulnerable
THE INSTITUTE FOR FISCAL STUDIES has released analysis that Scotland could benefit to the tune of up to PS300m per year as a result of a deal reached between the Scottish Government and the UK treasury last month.
Mark McDonald MSP: "The Treasury were seeking to shaft Scotland"
CommonSpace reporter David Thomson catches up with the Aberdeen Donside MSP at the SNP spring conference in Glasgow
THE Scottish Government played an "absolutely superb hand" during the fiscal framework negotiations amid attempts by the UK Treasury to "shaft Scotland", according to SNP MSP Mark McDonald.
"Unstable": Think tank warning over UK treasury PS4.5bn fiscal framework 'compensation' offer
WARNINGS have been sounded over a UK treasury offer of PS4.5bn in 'compensation' to Scotland for projected financial losses under the new Holyrood funding arrangement.
Holyrood funding talks remain deadlocked as deadline approaches
Westminster debates moved in sign 14 February deadline won't be reached
HOLYROOD funding talks remained deadlocked last night (8 February) after Scottish Government and UK treasury figures met with the intention of making progress towards a new settlement.
The meeting between Scottish finance minister John Swinney and treasury minister Greg Hands in Edinburgh was intended to move discussions on the 'Fiscal Framework', the funding arrangement under which new tax and spending powers would be devolved to Scotland.
Holyrood funding row rumbles on as deadline approaches
Alex Salmond: Top civil servant should resign over #indyref 'interference'
Westminster committee finds that publication of report "compromised perceived impariality" of MacPherson
There have been calls for the most senior UK treasury civil servant to resign following the publication of a report by MPs criticising his interference in the independence referendum.
Former First Minister Alex Salmond made the call after the public administration select committee's report said advice from Sir Nicholas MacPherson on a currency union should not have been published.