Funding Pensions in Scotland: Would Independence Matter?

2014 ◽  
Vol 227 ◽  
pp. R21-R31
Author(s):  
David Bell ◽  
David Comerford ◽  
David Eiser
Keyword(s):  
Public Debt ◽  
Government Debt ◽  
Bond Market ◽  
Liquidity Premium ◽  
Mortality Experience ◽  
Mortality Risks ◽  
Economic Issues ◽  
Scottish Government ◽  
The Uk ◽  
The Cost

Economic issues will be key determinants of the outcome of the Scottish referendum on independence. Pensions are a key element of the economic case for or against independence. The costs of funding pensions in an independent Scotland would be influenced by mortality risks, the costs of borrowing and the segmentation of costs and risks (i.e. pricing to Scotland's experience rather than pooled across UK experience). We compare the overall costs of providing pensions in an independent Scotland against the resources that are available to cover these costs. Scotland has worse mortality experience than the UK as a whole, and Scottish government debt is likely to attract a liquidity premium relative to UK government debt. An independent Scottish government would have to create a bond market for public debt. The liquidity premium would make pensions cheaper to buy, but taxpayers or the consumers of public services would have to pay the cost.

Private Ownership and the Cost of Public Debt: Evidence from the Bond Market

2019 ◽  
Vol 65 (1) ◽  
pp. 301-326
Author(s):  
Brad A. Badertscher ◽  
Dan Givoly ◽  
Sharon P. Katz ◽  
Hanna Lee
Keyword(s):  
Public Debt ◽  
Bond Market ◽  
Private Ownership ◽  
The Cost

The Integration of the European Government Bond Market v.s. the UK

2008 ◽  
Author(s):  
Atze Folmer ◽  
Flip van Overhagen ◽  
Marijke A.M.D. van der Hoek ◽  
Tim Giesberts
Keyword(s):  
Bond Market ◽  
Government Bond ◽  
The Uk

Neither Victors nor Victims

2017 ◽  
Author(s):  
David Whetham
Keyword(s):  
First Century ◽  
National Interests ◽  
Civil Military Relations ◽  
High Street ◽  
National Survival ◽  
The Uk ◽  
Military Relations ◽  
The Cost ◽  
Realistic Goal

Between 2007 and 2011, Wootton Bassett, a small Wiltshire town in the UK, became the focus of national attention as its residents responded to the regular repatriations of dead soldiers through its High Street. The town’s response came to symbolize the way that broader attitudes developed and changed over that period. As such, it is a fascinating case study in civil–military relations in the twenty-first century. Success may be the same as victory, but victory, at least as it has been traditionally understood, is not a realistic goal in many types of contemporary conflict. Discretionary wars—conflicts in which national survival is not an issue and even vital national interests may not be at stake—pose particular challenges for any government which does not explain why the cost being paid in blood and treasure is ‘worth it’.

scholarly journals ‘Rising demand and decreasing resources’: Theorising the ‘cost of austerity’ as a barrier to social worker discretion

2021 ◽  
pp. 1-18
Author(s):  
CIARÁN MURPHY
Keyword(s):  
Social Worker ◽  
Child Protection ◽  
Child Protection Services ◽  
Radical Reform ◽  
Critical Realist ◽  
Documentary Analysis ◽  
Effective System ◽  
The Individual ◽  
The Uk ◽  
The Cost

Abstract The Munro Review of Child Protection asserted that the English child protection system had become overly ‘defensive’, ‘bureaucratised’ and ‘standardised’, meaning that social workers were not employing their discretion in the interests of the individual child. This paper reports on the results of an ethnographic case study of one of England’s statutory child protection teams. The research sought to explore the extent of social worker discretion relative to Munro’s call for ‘radical reform’ and a move towards a more ‘child-centred’ system. Employing an iterative mixed methods design – encompassing documentary analysis, observation, focus group, questionnaire, interview and ‘Critical Realist Grounded Theory’ – the study positioned the UK Government’s prolonged policy of ‘austerity’ as a barrier to social worker discretion. This was because the policy was seen to be contributing to an increased demand for child protection services; and a related sense amongst practitioners that they were afforded insufficient time with the child to garner the requisite knowledge, necessary for discretionary behaviour. Ultimately, despite evidence of progress relative to assertions that social worker discretion had been eroded, the paper concludes that there may still be ‘more to do’ if we are to achieve the ‘child-centred’ and ‘effective’ system that Munro advocated.

scholarly journals The cost-effectiveness of screening for ovarian cancer: results from the UK Collaborative Trial of Ovarian Cancer Screening (UKCTOCS)

2017 ◽  
Vol 117 (5) ◽  
pp. 619-627 ◽  
Author(s):  
Usha Menon ◽  
Alistair J McGuire ◽  
Maria Raikou ◽  
Andy Ryan ◽  
Susan K Davies ◽  
...  
Keyword(s):  
Ovarian Cancer ◽  
Cost Effectiveness ◽  
Cancer Screening ◽  
Ovarian Cancer Screening ◽  
Collaborative Trial ◽  
The Uk ◽  
The Cost

scholarly journals PIN54 THE COST-EFFECTIVENESS OF THE NEW PNEUMOCOCCAL 13-VALENT CONJUGATE VACCINE (PCVI3) FOR CHILDHOOD AND ADULT VACCINATION IN THE UK

2009 ◽  
Vol 12 (7) ◽  
pp. A427 ◽  
Author(s):  
R Patel ◽  
B Stoykova ◽  
AC Lloyd ◽  
J Willingham ◽  
R Hollingsworth
Keyword(s):  
Cost Effectiveness ◽  
Conjugate Vaccine ◽  
Adult Vaccination ◽  
The Uk ◽  
The Cost
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