Full Fiscal Autonomy

This week we have also seen an intervention from businessman Jim McColl, who has called for Holyrood to have full control over its finances by 2020.

In an interview with the BBC, Mr McColl said;

“If you have capacity to raise your own bonds – like a tartan bond or a Caledonian bond – that’s to smooth over the downturns, when you raise government finance.

“And then when it’s running well that’s when you fix the roof and you tuck the money away – you don’t waste it”