Independence Or Not, Scotland Has A Bigger Problem
READ MORE: Scotland Votes Against Independence
The problem is that while Scotland has its own parliament and government, there is no English Government. From 1707 to 1999, Scotland and England were governed by the U.K. Parliament, until a separate Scottish Parliament was created that dealt specifically with Scottish issues.
SEE ALSO: Decision Day As Scotland Votes On Independence
Now, the funds that the Scottish need to run certain programs is determined by a budget set in London, making it impossible for Scotland to raise tax revenue and borrow money.
Read more at Vox here.
Trisha Hershberger and Joe Bereta from SourceFed discuss the pros and cons of Scotland's vote to remain part of the U.K. or gain independence.
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