There is “no silver bullet” such as pension reforms which will address Scotland’s annual budget shortfall in the long term.
A report from the Scottish Fiscal Commission (SFC) last week stated that Scotland could face an annual budget shortfall of £10bn within 50 years.
The SFC forecast that “fiscal tightening” at a UK level could see the Scottish annual budget gap rise from an average of 1.7% of spending each year to an average of 10.1% each year by 2072-73.
