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Showing posts with label economic levers. Show all posts
Showing posts with label economic levers. Show all posts

Thursday 30 January 2014

The formidable powers of an independent Scotland that Johann Lamont thinks are “wee things”: Scottish Labour’s nadir at FMQs

Scotland doesn't control the currency or interest rates at the moment. Neither does UK - they're controlled by Bank of England. We won't control them under a currency union either, but we'll have more influence than we have at the moment, as an independent country, a partner in a currency union.

ECONOMIC LEVERS: Excise duty, air passenger duty, VAT, capital gains tax, oil and gas taxation, national insurance, income tax, corporation tax, competition law, consumer protection, industry regulation, employment legislation, the minimum wage, energy markets and regulation, environmental regulations.

ALL THESE THINGS ARE CONTROLLED IN LONDON UNDER UK

ALL OF THEM WILL BE CONTROLLED IN SCOTLAND AFTER INDEPENDENCE.

We'll be able to set the minimum wage, abolish the Bedroom Tax (not just mitigate it). We will be able to transform childcare.

WE WILL BE ABLE TO REMOVE WEAPONS  OF MASS DESTRUCTION FROM SCOTLAND

WE WONT HAVE TO PARTICIPATE IN ILLEGAL WARS

Bur all of these things - which we can only do with independence - are, to Johann Lamont, "wee things".

The prospect of this woman and her cohorts leading  even a devolved Scottish Government is not to be contemplated.