Finance arguments can enter murky waters - Readers' Letters

The main argument presented by those of your correspondents opposed to Scottish independence is the assertion that, under the distribution of expenditure to the nations of the United Kingdom and the English regions, Scotland enjoys through the Barnett formula a disproportionate share, currently just over 11 per cent above the UK average total identifiable public spending per person. The assertion goes on that this is subsidy, and that an independent Scotland could not survive without it unless social and other expenditures were reduced well below current levels.

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