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Do English taxpayers subsidise Scotland? Here’s how it really works — Cameron Archibald

Summary:
The Institute of Fiscal Studies (IFS) claims that tax revenues from the rest of the UK are “transferred” to Scotland. This is followed by claims from Unionist groups such as These Islands and Scotland in Union that the Scottish economy is subsidised by taxpayers from the rest of the UK. Thus, without taxpayers from the rest of the UK, an independent Scotland would need to implement both austerity and high taxes.Modern Money Scotland specialises in the economics of monetarily sovereign countries, and we can categorically say that this claim from the IFS and wider Unionist groups is wrong....The National Do English taxpayers subsidise Scotland? Here's how it really worksCameron Archibald, Modern Money Scotland

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The Institute of Fiscal Studies (IFS) claims that tax revenues from the rest of the UK are “transferred” to Scotland. This is followed by claims from Unionist groups such as These Islands and Scotland in Union that the Scottish economy is subsidised by taxpayers from the rest of the UK. Thus, without taxpayers from the rest of the UK, an independent Scotland would need to implement both austerity and high taxes.

Modern Money Scotland specialises in the economics of monetarily sovereign countries, and we can categorically say that this claim from the IFS and wider Unionist groups is wrong....
The National 
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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