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An independent Scotland’s treasury would have enough borrowed cash to fund 30,000 new jobs, Scottish finance secretary John Swinney said yesterday.
The SNP minister seized on his staff’s economic analysis suggesting that his pledge to boost public spending under independence could boost the country’s output by £1.5 billion and support up to 30,000 jobs.
His public borrowing plans detailed last month would underpin the project, with £1.2bn borrowed in 2017-18 and a further £2.4bn in 2018-19.
Mr Swinney said the figure merely represented investment levels “equivalent” to an extra 30,000 jobs.
Speaking for Better Together, Labour MP Ian Murray dismissed the projections as “reckless empty promises.”
“John Swinney wants to pile more and more debt onto the shoulders of Scottish families just so that he can achieve his dream of independence,” he said.
