The precise mechanism by which an independent Scotland takes on a - TopicsExpress

The precise mechanism by which an independent Scotland takes on a share of servicing the UKs national debt will of course be a matter of negotiation like everything else (and will be part of the quid pro quo as regards currency union, for example). But the National Institute of Economic and Social Research has assessed the various possibilities and says: We explain that in all cases, the UK’s debt to GDP ratio will rise, with possible consequences for its credit rating. At the same time, Scotland’s debt burden will be lower than the UK’s in all cases. [L]ower than the UKs in all cases. In all cases.

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