Recession helps Holyrood case for more fiscal power- The Scotsman

Scott MacNab, The Scotsman, 19 October 2009

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The global recession has strengthened the case for Holyrood to be given greater financial independence, a leading think tank said yesterday.
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Reform Scotland warns that in the short term there will need to be spending cuts or tax rises or both in order to address the UK\’s fiscal deficit.
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\r\nThe think tank is now calling for preparatory work to get started on the Scottish Parliament assuming more powers, so that these can be quickly implemented after the political decisions have been taken.
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\r\nA report from the group states: "If additional fiscal powers are to have a real impact on the governance of Scotland and on the performance of the Scottish economy, they must be of a scale that is great enough to address the fundamental defect of the current devolution settlement – its lack of financial accountability.
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\r\n"This can be achieved within the context of the UK if both the UK and Scottish Governments are given responsibility for raising the taxes required to fund their spending proposals."
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\r\nThe four main parties at Holyrood now support increased fiscal powers at Holyrood.
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