Forecast from the Institue for Fiscal Studies says a collapse in oil prices has left a growing gap between Scottish spending and tax incomeA fresh economic forecast released to coincide with the day Scotland was to become independent has warned the country’s deficit has deepened,facing debts more than three times greater than the UK.
The Institute for Fiscal Studies figures were released as Nicola Sturgeon launched the first phase of the Scottish National partys campaign for the Holyrood election in May, urging her party’s 129 candidates to fight harder than ever to secure a moment successive majority government.
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Source: theguardian.com