Monday, 6 October 2014

What New Powers Should we Demand by St Andrews Night?

We need to get together and decide what new powers we should demand for Scotland.

There is an increase in income tax raising power of about 2% scheduled for 2015 I think anyway but currently the Barnett formula, I believe, delivers a favourable amount to Scotland.

  • We take more from the UK, partly because of dealing with our increased land area eg with regards to railways etc,  but 
  • We also give more to the UK eg oil revenues and net exporter of electricity partly because of our renewables.
So, where does this leave us ? Currently its tax raising powers which are being talked about, eg increasing power over Corporation Tax. If this was reduced then you can encourage businesses to invest in our country by building factories etc. here.

However, what I would like to see is more power also with regards to our own natural resources. We should get the revenue from our natural resources such as the oil and from our seas with regards to fishing and from our wind, waves and sun when it comes to electricity.

Lord Kelvin has been tasked with leading a commission into this and it is to be called the Smith Commission - here is news of the members of the commission so far as at 6th October 2014 - http://www.bbc.co.uk/news/uk-scotland-scotland-politics-29479442

I will gather in this particular post any useful references and see if it is possible to come to some decision about what powers we should ask for - I will set a deadline of St Andrews Night which is when the political parties have to come up with this as well.

Also, I would like to see the SNP involved in this - there is no point in Labour, Conservative and Lib Dem excluding all that expertise from the discussions.  Come on MSPs - do the Best for Scotland !

References 

More powers could mean more pain says Institute of Government Director Peter Riddell
http://www.thecourier.co.uk/news/scotland/more-powers-more-pain-analyst-1.613278

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