The article by Elisabeth O’Leary analysing the economic case for Scottish independence totally ignores Scotland’s huge gap between tax revenue and spending.
According to The Guardian (August 24, 2016), in the 2015-16 tax year, revenue per head in Scotland was £400 less than the UK average whereas spending per head on public services was £1,200 more than the UK average. On that basis, an independent Scotland would effectively start life with a deficit of £1,600 per head of population.
This would be much more worrying than any possible cut in UK incomes between now and 2030.