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Based on the pre Covid figures analysis below, any high earners moving to Scotland post independence would face a significant tax burden and at least a decade of austerity (Wilson has projected six years in the link below).
Unsurprisingly (and still the case)...
The SNP, which currently lacks a detailed economic prospectus for an independent Scotland, did not respond in detail to the FT’s estimates and reiterated calculations from the Wilson commission.
Edit to add.. FT from 2 April 2021
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If I were Scots Gov I'd be working out how I could attract people from England to come and live in Scotland who are in the upper brackets.
I guess there's a couple of problems with that. Firstly the majority of high earners seem to be happy to vote conservative, they're not the ones who are suffering under the conservatives.
Secondly, attracting them is probably going to require some quid pro quo which gives the risk of turning into conservative light, prioritising the wealthy.
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hurricane_run
aggi
@Dammit
In the UK a surprisingly small % of people pay the majority of income tax: https://commonslibrary.parliament.uk/research-briefings/cbp-8513/
If I were Scots Gov I'd be working out how I could attract people from England to come and live in Scotland who are in the upper brackets.
Be interesting to see what sort of migration of well paid individuals and families would do to the overall figures - getting your EU passport back, not having to watch as the income tax you paid goes to Matt Hancocks pub landlord rather than paying for the NHS, and watching as Boris has to site Trident submarines in Greenwich are all a powerful motivator.
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