But experts warns Wales would face a "significant" challenge raising enough tax revenue.

That’s a bit of a surprise.

I think anyone that believes Wales will financially better off with independence is a bit delusional.

But I’m getting convinced Wales might be better off outside of the UK. So long Wales has been squeezed for the benefit of England, and ignored.

Independent Wales could do things differently and it could be great. Wales is more left leaning so they could raise taxes on the rich, stop people from England buying up houses. We could just have a huge house building programme (or much better medium density) we got the land. If everyone has a much cheaper house then it doesn’t matter if wages are lower all that really matter is disposable income. Plus money isn’t the be all and end all, our natural beauty is incredibly undervalued and experiences bring more joy than expenses.

So I couldn’t see a richer Wales but I could potentially see a happier, healthier Wales.

  • @tal
    1•5 months ago

    So long Wales has been squeezed for the benefit of England, and ignored.

    This has Wales being a net beneficiary.

    https://en.wikipedia.org/wiki/Welsh_fiscal_balance

    Wales spends 11 percent more per person than England. Welsh economist Ed Gareth Poole notes that fiscal transfers between wealthier and poorer parts of a sovereign state are not unusual.[7] The gap in Wales was covered by transfer payments from the rest of the UK. Such transfer payments, according to the economist Robert A. Mundell, are essential to a functional currency union.[18]

    And that’s more-or-less what I’d expect; Wales is poorer than England, and over here in the US, poorer states are generally the net beneficiary of fiscal transfers.

    • @Wanderer@lemm.eeOP
      3•5 months ago

      Wales was the first industrialised nation in the world. Imagine that and imagine being poor.

      The money wasn’t reinvested in Wales or the people. The landowners took the money and went elsewhere with it.

      Wales is a net beneficiary because it has been used as a place to extract money by the English for hundreds of years. Small amounts of growth add up over time, if that money is removed instead of used for growth what do you think will happen?