Scotland would borrow billions of pounds in the first few years of independence in a bid to kick start the economy and end austerity, the Scottish government has confirmed. The SNP administration has previously proposed increasing public spending by 3% in each of the first three years It has now confirmed the extra money would be raised through borrowing. Chancellor George Osborne's austerity drive has limited UK public spending increases to 1% per year. A recent Scottish government paper on Scotland's public finances said its proposals for a 3% rise would require an independent Scotland to borrow £2.4bn in 2018-19. Under the SNP's timetable, the country would become...
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