Council of Economic Advisers - Fiscal Commission Working Group

The Fiscal Commission Working Group (FCWG) is a sub-group of the Council of Economic Advisers which is helping to shape the development of a robust fiscal and macroeconomic framework for an independent Scotland.

The members are Professors Andrew Hughes Hallett, Sir Jim Mirrlees, Frances Ruane and Joseph Stiglitz. The sub-group is chaired by Crawford Beveridge.

The Working Group will:

  • Oversee the work of the Scottish Government on the design of a macroeconomic framework for an independent Scotland; and,
  • Support the engagement with key institutions and external experts to help develop the Scottish Government’s proposals.
 
Reports

Macroeconomic Framework
Recommendations for the macroeconomic framework of an independent Scotland. Published 11th February 2013.

Stabilisation and Savings Funds For Scotland
Recommendations for a stabilisation fund and a savings fund for Scotland. Published 2nd October 2013.

Principles for a Modern and Efficient Tax System
Recommendations for the design of an efficient and effective tax system. Published 4th November 2013.

Fiscal Rules and Fiscal Commissions
Options for fiscal rules, providing international examples to inform the development of a Scottish Fiscal Commission. Published 4th November 2013.
 

Speech

The Economic Foundations of an Independent Scotland

Speech given by Crawford Beveridge, 19th August 2014.

 

Update on ongoing work of the Fiscal Commission Working Group

This note provides an overview of the ongoing engagement with the Fiscal Commission Working Group, including minutes of meetings up to 19th August 2014.

Fiscal Commission Working Group: Engagement and Meetings
 

Statements from the Fiscal Commission Working Group

28th May 2013 - Statement from the Fiscal Commission Working Group

17th February 2014 - Statement from the Fiscal Commission Working Group

6th March 2014 - Statement from the Fiscal Commission Working Group