Nick Clegg Speech at Scottish Chamber of Commerce

The transcript discusses the importance of devolution for Scotland, highlighting past achievements and future proposals for increasing the powers of the Scottish Parliament. It emphasizes the need for fiscal responsibility and the potential benefits for business and the economy. The text concludes with a call for negotiations among political parties to finalize the devolution settlement.

What was the role of the Scottish Constitutional Convention in the devolution process?

• It focused solely on economic policies.

• It was responsible for drafting the 2012 Scotland Act.

• It worked with various parties to push for greater powers.

• It opposed the devolution of powers to Scotland.

What is the proposed percentage of money the Scottish Parliament should raise under the new proposals?

• 30%

• 40%

• 50%

• 60%

Which taxes are suggested to be under the control of the Scottish Parliament?

• Income tax, capital gains tax, and inheritance tax

• Only inheritance tax

• Only income tax

• Only capital gains tax

What is the potential benefit of devolving corporation tax revenue to Scotland?

• It will create a more business-friendly environment.

• It will increase the tax burden on businesses.

• It will eliminate the need for a single UK market.

• It will lead to a race to the bottom in tax rates.

What is necessary for the finalization of the devolution settlement?

• Negotiation between the three pro-UK parties and the SNP

• Approval from the European Union

• A unilateral decision by the UK Parliament

• A public referendum