The Government will today reject Scottish nationalists' call for the Scotland Bill to offer full fiscal autonomy for the

The video discusses the debate in Westminster over a bill granting Scotland tax powers, allowing it to set income tax rates and control certain revenues. The SNP seeks full fiscal autonomy, which would give Scotland control over all taxes and spending, but this could lead to a significant funding gap. The Barnett Formula currently benefits Scotland with higher UK-wide spending allocations. Despite the SNP's push, the government does not support full fiscal autonomy due to potential financial risks. The political landscape is complex, with most Scottish MPs favoring independence, but English and Welsh MPs likely to oppose further devolution.

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