Fiscal freedom for Scotland would mean spending cuts, tax rises

April 21, 2015 1:36 PM

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LONDON (Reuters) - Scotland would have to make "substantial" spending cuts or increase taxes if the Scottish National Party (SNP) gained full control of the country's finances after next month's general election, the Institute for Fiscal Studies said on Tuesday.

On Monday, the SNP launched their manifesto ahead of a knife-edge vote in which neither Conservative Prime Minister David Cameron nor Labour's Ed Miliband are expected to win a majority - an outcome which could see the nationalist party team up with Labour to form the next government.

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