David Phillips: SNP has ‘underestimated depth of independence austerity’


Monday 26th April, 2021

An independent Scotland would have to implement a more stringent form of “austerity” than the vision outlined in the SNP’s Growth Commission because of the pandemic, according to a leading economist.

David Phillips, associate director at the Institute for Fiscal Studies (IFS), warned that the country would be left “with a relatively high budget deficit, substantially higher than the rest of the UK” in the event of a “yes” vote.