Alex Salmond’s oil dream goes bust

Alex Salmond’s dream of an independent Scotland based on North Sea oil revenue to keep it afloat was dealt a fresh blow last night as new research by the Office for Budget Responsibility showed the extent of decline in revenue from North Sea oil taxes.

Osborne needs a new fiscal rule

Ahead of Wednesday’s autumn statement, IPPR chief economist Tony Dolphin argues now is the time for chancellor George Osborne to change his fiscal rules.