Liberal Democrats

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FOR INDEPENDENCE FOR THE UNION
Further devolution

The promise of financial power so that the Scottish Parliament can raise the majority of the money it spends from within Scotland has to be considered alongside the intention that Westminster will keep nine-tenths of the benefit of North Sea Oil.

References

Further devolution

The party's commission, chaired by former UK party leader Sir Menzies Campbell, proposes a federal structure for the UK. It would give the Scottish Parliament control over inheritance tax, capital gains tax, income tax and a good share of corporation tax. It also called for the devolution of new borrowing powers; new Partnership Powers to require Holyrood and Westminster to work together; a role for the Supreme Court in resolving disputes; and a new needs based formula to replace the Barnett Formula[1].

References

  1. BBC News: Darling denies No campaign 'panic': What are the No parties offering? 8 September 2014 (retrieved same day)