The economics of Scottish independence

22 May 2012


Expert economist Professor John Kay will appear before the House of Lords Economic Affairs Committee on Tuesday 22 May to give evidence to its inquiry into the economic implications for the United Kingdom of an independent Scotland.

The Committee will question Professor Kay on wide ranging aspects of Scottish independence, such as how assets and liabilities might be divided, the impact on the UK if Scotland introduced different tax rates, and public services.

Questions to be put to Professor Kay will include:

  • Would an independent Scotland have its own financial regulators?
  • Would Scottish independence create an imbalance in trade of goods and services with the rest of the UK?
  • Is membership of the EU an essential element of the economic case for an independent Scotland?
  • What would the role of the Bank of England be if an independence Scotland used sterling as its currency?

The evidence session will start at 3.35pm, Tuesday 22 May in Committee Room 1 of the House of Lords. The evidence session is open to the public. Journalists wishing to attend should go to Parliament’s Cromwell Green Entrance and shoud alow time for security screening.

The evidence session will be broadcast live at www.parliamentlive.tv.