Britain’s main political parties struck what they said was a historic deal to grant Scotland tax-raising powers and greater autonomy to try to satisfy disappointed separatists who lost an independence vote two months ago.
The deal, which was unveiled on Thursday but will not be implemented until after a UK-wide parliamentary election next year, amounts to the biggest transfer of powers to Scotland from the United Kingdom since 1999 when a Scots parliament was set up.
Britain’s three main political parties promised to grant Scotland more powers in a last-ditch attempt to shore up support for the union days before a referendum in September in which Scots ultimately spurned independence.
A step towards a federal Britain, they hope the deal will slake Scots’ appetite for independence with the opposition Labour party banking on boosting its flagging support in a traditional stronghold in the face of the pro-independence Scottish National Party’s surging popularity.
via CNBC
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