Scotland is a bigger economic basket case than Greece: Country would have to double basic rate of income tax to tackle its public spending deficit



Scotland's public spending deficit is higher than Greece’s and tackling it would mean doubling the basic rate of income tax or VAT, campaigners have warned.
Research shows the Scottish deficit is now at 9.5 per cent of GDP – the highest rate of the European Union nations and double the rate of the UK as a whole.
Scottish First Minister Nicola Sturgeon wants Scotland to rejoin the EU following the Brexit vote, but a report claims that its economy would struggle to meet the stringent entry criteria.
The Taxpayers’ Alliance said that its deficit would have to be plugged to a more sustainable... read more

 
13 October 2016 in Business, Views: 47
Source: Daily Mail
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