The most serious failure of the SNP’s latest independence paper is that it completely ducks the question of how an independent Scotland would get its public finances onto a sustainable footing.
“So the fiscal transfer of £12.9 billion in 2023-24 was really the best case (but wholly implausible) scenario for the size of the hole full fiscal autonomy would have created in the Scottish Government’s budget.”
As the salience of independence as an issue has declined, the SNP has enjoyed a bounce in the polls. This is not a coincidence. Independence as an abstract and distant concept is much more popular than the painful details.