Monthly Archives: May 2013

Irish Land Annuities and Debt Default

Between 1870 and 1909, the British Government passed a number of Land Acts aimed at improving the lot of Irish tenant farmers. These included loans for tenants to purchase land which were funded by the Irish Land Commission, set up in … Continue reading

Posted in Debates, Debt | 1 Comment

The Higher Education Fees Dilemma

To further its objective of labour market integration, the European Union attempts to ensure that EU citizens can cross national boundaries with minimum obstruction. This principle applies in particular ways to higher education students. EU laws ensure equality of treatment … Continue reading

Posted in Education | Tagged , , ,

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?

Posted in Currency, Debates, Debt

Addressing inequality in an independent Scotland

Inequality is at the centre of the debate on Scottish independence. In Scotland’s economy: the case for independence, the Scottish Government (2013) highlights the findings of its Fiscal Commission Working Group: ‘Scotland is currently part of a UK economic model … Continue reading

Posted in Inequality | Tagged

Concentrating economic activity in London

The Scottish Government released its paper, ‘Scotland’s economy: the case for independence‘ on Tuesday 21st May. Amongst other things, the paper argues that the union damages Scotland’s economic performance by deciding “to concentrate so much economic activity in London and the South-East … Continue reading

Posted in Public Investment, Things no-one thought about before

Scotland’s currency options: a currency union? (speech)

by Angus Armstrong This is an abridged version of a speech given at an ESRC conference in Edinburgh ‘The Future of the UK and Scotland’ on 2nd May 2013. The full speech is available here. “International monetary regimes have been … Continue reading

Posted in Currency, Debt, Monetary Policy, Risk

Costs of State Pensions in Scotland

This post looks at the future costs of State Pensions in Scotland. Growth in pensioner numbers is slower in Scotland than in England, partly reflecting an assumption that Scots will continue to have lower life expectancy. Nevertheless, the number of Scots pensioners will increase by 80 per cent between 2010 and 2060, with most of the increase concentrated in the 2010-2035 period. Continue reading

Posted in Pensions | Tagged ,