Latest editorial
Scotland could launch a national oil fund within a year of independence, experts said yesterday.
The Scottish government bolstered its call for a Yes vote in next year's referendum following the report, which found a dual-fund system could begin investing the government's North Sea royalties as early as 2016.
The plan would see a short-term "stabilisation" fund managing dips and peaks in revenue gained from its oil and gas revenues, while gains from a second, long-term fund could be channelled into public assets, the government's independent Fiscal Commission Working Group found.
Years of underfunding are eroding Scotland’s local services and deepening inequality in communities, says VINCE MILLS
Since 2010, one in five firefighter jobs has disappeared alongside 30% funding cuts — all while climate breakdown brings record blazes and flooding. It’s time to fund our fire service properly, writes FBU general secretary STEVE WRIGHT
