This new SPERI paper offers a critical examination of the interaction between the SNP’s constitutional agenda, its shifting attitude to EU integration, and its economic policy goals. It adopts a historical perspective stretching back to the 1970s, and relates the SNP’s vision of social democracy as enhanced regional development policy to the 1990s European legal discourses of ‘post-sovereignty’ and ‘subsidiarity’. It asserts that there are few substantive differences between the post-sovereign model of independence proposed in the Referendum of 2014 and the ‘full fiscal autonomy’ demanded by the SNP at the 2015 UK General Election. It questions whether this policy response is really adequate to the condition of the UK economy following the financial crisis of 2007-9 and the ongoing crisis in the Eurozone. Finally, it makes some suggestions towards an alternative model of reform that would prioritise the democratic accountability of fiscal and monetary policy across the whole UK.
Download SPERI paper no. 20: The Revenge of Sovereignty: the SNP, the Financial Crisis and UK Constitutional Reform.