Why is the SNP afraid of issuing its own government bonds?
Rishi Sunak’s budget appeared to offer some good news to Scots, not that the SNP saw it that way. An additional £1.2 billion in Barnett funding was handed over to Scotland’s government. This is on top of £9.7 billion in extra spending delivered over the past year for pandemic support. But the SNP Scottish government took a different view. ‘While I welcome some of the announcements today, it is clear the Chancellor has not matched Scotland’s ambition for economic recovery and supporting households,’ said Scottish Finance Secretary Kate Forbes. Forbes and her colleagues often point out that ‘Scotland’s ambition’ includes more borrowing powers. Throughout the pandemic, the SNP has been at
