We have identified over 650 questions and answers concerning many of the topics featured on this site. The information is categorised and can be reached by navigating via the entries below.

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Can Scotland afford to be independent?

Yes. Scotland is one of the wealthiest nations in the world. In terms of our total economic output per head we ranked eighth out of the 34 developed countries in the OECD in 2011. We raise more tax and our public finances have been stronger than the UK as a whole over the past 30 years.

Despite all these strengths, many families in Scotland are struggling to make ends meet. We are a wealthy country and yet the full benefit of our vast wealth is not felt by the people who live and work here. With independence, we can make sure Scotland’s wealth and resources work better for the people of Scotland.

Source: Scotland's Future, Scottish Government, November 2013.

How would being independent benefit Scotland’s economy?

The Scottish Government believes that independence is the key to economic success. Scotland needs control over economic and fiscal powers to unlock our potential, boost growth and create sustainable, fairly-rewarded jobs.

Full control of the most effective levers of growth – such as tax, welfare and regulation – will allow Scotland to develop policies designed to deliver sustainable economic growth.

Scotland is already a wealthy nation, but the full benefit of that wealth is not felt by people across the country. With independence, we can turn our rich country into a prosperous society, with the many strengths of our economy delivering more for the people who live and work here.

Source: Scotland's Future, Scottish Government, November 2013.

Will an independent Scotland continue to use the Bank of England?

Yes. The Bank of England is the central bank for Scotland, as well as for England, Wales and Northern Ireland. It was formally nationalised in 1946 and is therefore an institution and asset owned both by Scotland and the rest of the UK.

For day-to-day monetary policy, the Bank of England is operationally independent of government. It currently sets monetary policy according to the economic conditions across the UK as a whole. The Scottish Government supports the Fiscal Commission proposals that, after independence, monetary policy would be set by the Bank of England according to economic conditions across the entire Sterling Area and that the Bank should be accountable to both Scotland and the rest of the UK through a shareholder agreement.

Source: Scotland's Future, Scottish Government, November 2013.