Debate – Scotland reneges on its share of the UK national debt

One possible independence bargaining strategy: Scotland refuses to take on any of UK national debt unless rUK accepts Scotland within the sterling area. Is this credible? What would be the no-agreement outcome for both parties? Views? Reactions?

About David Bell

David Bell FRSE is Professor of Economics at the University of Stirling. He graduated in economics and statistics at the University of Aberdeen and in econometrics at the London School of Economics. He has worked at the Universities of St Andrews, Strathclyde, Warwick and Glasgow. His research is mainly in labour economics, fiscal decentralization and the economics of long-term care. He has been budget adviser to the Scottish Parliament Finance Committee. He is PI for the Healthy AGing In Scotland project (HAGIS).
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