With hard headed view, I struggle to see that an independent Scotland will be economically able to deal with large cuts to public sector spending that would almost certainly be required. Per capita spending is already higher in Scotland than in the rest of the UK. Scottish companies have debts denominated in pounds. There would almost certainly be capital flight to rUK. Large businesses may relocate. There is no plan…
> large cuts to public sector spending that would almost certainly be required Why do you think that? We already raise more in taxes than we spend, and right now Scotland is heavily subsidising England.
https://www.gov.scot/publications/government-expenditure-rev...
£13-15b deficit per year
https://fullfact.org/economy/tax-and-spending-scotland/
Just one year that revenue (including north sea oil) was higher than spending as a proportion of the UK. Maybe this year too with oil at a high price.