Is it worth having greater freedom to spend fewer resources? Discuss.

Whatever the result of the referendum on Scottish independence on 18 September, the balance of power between north and south Britain is undoubtedly moving in only one direction. From April 2015, Scotland will be able to set its own taxes and borrow up to £2.2bn to fund capital projects, as the Scotland Act 2012 transfers considerable fiscal power from Westminster to Holyrood. Even if Scots vote no to full independence, there’s almost certain to be further devolution, with the main UK political parties all publicly committed to greater Scottish autonomy. But how much more control over its own destiny will an independent, or more independent, Scotland actually have? I spoke to Scots on both sides of the debate to write this piece for Modus, the magazine of the Royal Institution of Chartered Surveyors, about the potential impact on property and the balance of power across the UK. They pointed out that formal power and real economic power are very different things, that the Scottish government has never exercised its existing power to raise or lower income tax, and that while Scots like the idea of Scandinavian-style public services, they would be much less keen to pay the taxes to fund it.