The potential economic impacts of "DevoSmith" powers

Patrizio Lecca, Peter G McGregor, Kim Swales

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

There has been extensive debate since the referendum around which powers should be devolved to Scotland, but there has been rather little consideration so far given to the likely impact that any new powers could have on the Scottish economy. Yet the success of future Scottish Governments will ultimately depend on how well they use any new powers to achieve their policy objectives. Given the proposals of the five main political parties in Scotland, additional powers over income taxation are inevitable. We discuss the likely content and economic impact of “DevoSmith” in detail elsewhere. In this chapter we focus solely on the likely impact of varying income tax rates and recycling revenues to allow greater public spending.
Original languageEnglish
Title of host publicationBeyond Smith
Subtitle of host publicationContributions to the Continuing Process of Scottish Devolution
Place of PublicationEdinburgh
Pages22-24
Number of pages3
Publication statusPublished - 25 Nov 2014

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Keywords

  • Scottish independence
  • Scottish economy
  • Smith commission
  • fiscal policy
  • devolution
  • taxation

Cite this

Lecca, P., McGregor, P. G., & Swales, K. (2014). The potential economic impacts of "DevoSmith" powers. In Beyond Smith: Contributions to the Continuing Process of Scottish Devolution (pp. 22-24). Edinburgh.