The Scottish Economy - Could it Survive as an Independent Country?
The debate about the Scottish economy centres largely on GERS which looks at public expenditure - the taxes raised in Scotland and the government spending. These suggest an independent Scotland would have a massive deficit.
This reflects the fact that Scotland has a shrunken private sector. Scotland has a very big public sector and those people are paid, of course, with money that has to be raised from taxation. So if Scotland were to have a sustainable future as an independent country, it would have to expand its private sector and create more profitable businesses.