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Scottish independence: New claims on economic outcome Scottish independence: Rivals both say Scots 'better off with us'
(35 minutes later)
Competing claims about the costs and benefits of Scottish independence have been set out to voters.Competing claims about the costs and benefits of Scottish independence have been set out to voters.
The Scottish government said an independent Scotland would start out with "strong" finances, and could be £5bn a year better off by 2029-30. The Scottish government said everyone in Scotland would be £1,000 better off a year, in the event of a "Yes" vote in September's independence referendum.
UK ministers said Scotland would be better off staying within the UK by about £1,400 per person per year. But UK ministers said people would benefit from staying in the Union by £1,400 per person, per year.
The two sides set out their cases ahead of the independence referendum, on 18 September. Each side of the debate also sought to discredit the figures put forward by their opponents.
A new Scottish government paper said Scotland's finances in 2016-17 would be similar to, or stronger than, both the UK and the G7 industrialised countries as a whole. Scottish First Minister Alex Salmond said the Treasury's calculations had been "blown to smithereens", while Chief Secretary to the Treasury Danny Alexander accused SNP ministers of offering voters a "bogus bonus".
The paper added that debt would be on a "downward trajectory", enabling future Scottish governments to start an oil savings fund. A new Scottish government paper said an independent Scotland would begin life with its public finances in a "strong" position, and could see its economy £5bn per year better off by 2029-30.
Scottish First Minister Alex Salmond, said: "Scotland is one of the wealthiest countries in the world, more prosperous per head than the UK, France and Japan, but we need the powers of independence to ensure that wealth properly benefits everyone in our society. Mr Salmond said Scotland was one of the world's wealthiest countries, but needed the powers of independence to realise its full potential.
"That wealth means we will start life as an independent nation with strong finances and huge economic potential. He told the BBC: "We put forward the benefit over a period of 15 years. We calculate that as each individual in Scotland being £1,000 better off - that's a £5bn bonus, or a family £2,000 better off a year."
"The latest figures show that by using the powers that only independence will bring we can deliver an independence bonus with increased revenues for Scotland." The first minister said his government's calculations were "based on reason and logic", adding: "Danny Alexander's calculations have been blown to smithereens, because the Treasury relied on the work of the LSE professor, Professor Dunleavy, who this morning has accused them of grossly misrepresenting his work and exaggerating the cost of setting up independent institutions by a factor of 12."
The Scottish government paper said:The Scottish government paper said:
Meanwhile, Chief Secretary to the Treasury Danny Alexander published a paper outlining what the UK government sees as challenges to an independent Scotland, including an ageing population, declining oil revenues and the potential for higher interest rates.Meanwhile, Chief Secretary to the Treasury Danny Alexander published a paper outlining what the UK government sees as challenges to an independent Scotland, including an ageing population, declining oil revenues and the potential for higher interest rates.
Speaking in Edinburgh, Mr Alexander said: "Today we have shown that, by staying together, Scotland's future will be safer, with stronger finances and a more progressive society.Speaking in Edinburgh, Mr Alexander said: "Today we have shown that, by staying together, Scotland's future will be safer, with stronger finances and a more progressive society.
"Because as a United Kingdom we can pool resources and share risks. It means a UK dividend of £1,400 a year for every man, woman and child in Scotland."Because as a United Kingdom we can pool resources and share risks. It means a UK dividend of £1,400 a year for every man, woman and child in Scotland.
"That dividend is our share of a more prosperous future. It is the money that will pay for better public services and a fairer society.""That dividend is our share of a more prosperous future. It is the money that will pay for better public services and a fairer society."
Mr Alexander said the Scottish government's £5bn figure was a "bogus bonus", adding: "They're desperately trying to distract attention from that fundamental question, that there simply wouldn't be the same level of resources available for public services if Scotland were independent."
The Treasury analysis said:The Treasury analysis said: