Who plays better poker? Cameron, Sturgeon or Varoufakis?

The gracious Palladian architecture of Edinburgh has often led the city to be described as the Athens of the North. If the referendum result had gone the other way, much closer parallels would have rapidly emerged. A high spending left-wing government, faced by a collapse in revenues with the fall in the oil price, would […]

Scotland could be a scientific test bed for monetary theory

According to the Scottish National Party, after the referendum on independence next year, Scotland will be a land of milk and honey.┬áThe highest per capita levels of public expenditure in the UK can easily be sustained.┬áThe whole of the revenue from North Sea oil and gas will belong to Scotland, regardless of the wishes of […]