This assessment finds that the UK is a successful union because taxation, spending, monetary policy and financial stability policy are co-ordinated across the whole UK. It means risks are pooled, there is a common insurance against uncertainty and no one area or sector of the larger economy is too exposed. Within a sterling currency union, an independent Scottish state would find it more difficult to adjust to the effects of economic challenges. The continuing UK would become unilaterally exposed to much greater fiscal and financial risk from a separate state. Greater fiscal risk would come from UK taxpayers being asked to support the wider economy of another state and also financial risk were banks from that state to fail. The experience of the euro area in the financial crisis highlighted the challenges of creating a durable and effective currency union, illustrated by the very difficult economic adjustments required by some members and the financial risks that have been accepted by other members and their taxpayers. On the basis of the scale of the challenges, and the Scottish Government's proposals for addressing them, HM Treasury would advise the UK Government against entering into a currency union. There is no evidence that adequate proposals or policy changes to enable the formation of a durable currency union could be devised, agreed and implemented by both governments.

The September 2014 Scottish independence referendum was an event of profound constitutional and political significance, not only for Scotland, but for the UK as a whole. Although Scottish voters chose to remain in the UK, the experience of the referendum and the subsequent political reaction to the 'No' vote that triggered significant reforms to the devolution settlement have fundamentally altered Scotland's position within the Union. The extraordinary success of the Scottish National Party at the 2015 General Election also indicates that the territorial dimension to UK constitutional politics is more prominent than ever, destabilising key assumptions about the location and exercise of constitutional authority within the UK. The political and constitutional implications of the referendum are still unfolding, and it is by no means certain that the Union will survive. Providing a systematic and academic analysis of the referendum and its aftermath, this interdisciplinary edited collection brings together public lawyers, political scientists, economists, and historians in an effort to look both backwards to, and forwards from, the referendum. The chapters evaluate the historical events leading up to the referendum, the referendum process, and the key issues arising from the referendum debate. They also explore the implications of the referendum both for the future governance of Scotland and for the UK's territorial constitution, drawing on comparative experience in order to understand how the constitution may evolve, and how the independence debate may play out in future.

In recent years British politics has seemed increasingly unpredictable. The Conservative Party's return to single-party government in 2015 surprised commentators and the electorate alike, and Labour's choice of Jeremy Corbyn as its leader marked a striking change in direction for the party. Cuts to public welfare and spending have led to growing dissatisfaction among sections of the public, and the increasing popularity of parties critical of the government's immigration, economic and social policies appears to represent a call for fundamental change in British politics. With a question mark hanging over the country's global standing following the EU referendum, and with further calls for Scottish independence, Britain's immediate future seems uncertain. In the 10th edition of this highly acclaimed text, leading authorities reflect on the latest developments in British politics. Drawing on current research, the chapters provide a state-of-the-art, yet accessible, account of British politics today. All the chapters are newly commissioned for this edition and together they provide a systematic analysis of key trends, issues and debates. Topics covered include the legacy of Cameron's governments, the politics of austerity, immigration, and the question of what, if anything, is distinctively 'British' about the British political system.

A study of the main changes in the British economy from 1951, focussing on nationalisation and privatisation; unemployment; funding of the NHS and education; deindustrialisation and Britain's changing industrial structure; taxation; inequality; environmental change and policy; and the UK's changing relationship with the EEC and the European Union.

How did the territorial Conservative Party adapt to devolution? This detailed analysis of the Scottish and Welsh Conservative Parties explains how they moved from campaigning against devolution to sitting in the Scottish Parliament and Welsh Assembly. Tracing the processes of party change in both parties this study explains why the Welsh Conservatives unexpectedly embraced devolution while the Scottish Conservatives took much longer to accept that Westminster was no longer the priority. This book will be of interest to students of British, Scottish and Welsh politics and anyone who is interested in the Conservative Party. It also speaks to wider debates about the nature of devolution, party change and multi-level governance.

Strategic health planning, the cornerstone of initiatives designed to achieve health improvement goals around the world, requires an understanding of the comparative burden of diseases and injuries, their corresponding risk factors and the likely effects of invervention options. The Global Burden of Disease framework, originally published in 1990, has been widely adopted as the preferred method for health accounting and has become the standard to guide the setting of health research priorities. This publication sets out an updated assessment of the situation, with an analysis of trends observed since 1990 and a chapter on the sensitivity of GBD estimates to various sources of uncertainty in methods and data.

Infrastructure is a priority around the world for all stakeholders. Infrastructure projects can continue for several years, from planning and construction to the provision of services. As development in Asia and the Pacific accelerates, governments must invest more in infrastructure to ensure continued economic growth. This book draws on lessons and case studies from Japan and worldwide, covering broad and long-term infrastructure projects. It describes the principles of developing quality infrastructure and focuses on the various steps of a project--from design, planning, and construction to operation and management. It also discusses overseas development assistance, taking examples from Asian Development Bank and World Bank projects. This book is an important reference tool for policy makers in Asia who are planning and implementing large-scale public infrastructure.