Media playback is unsupported on your device

IFS on financial challenges for independent Scotland

18 November 2013 Last updated at 14:01 GMT

The financial challenges for an independent Scotland would be "significantly greater" than for the rest of UK due to declining oil revenues and an ageing population, said the independent think tank, the Institute for Fiscal Studies (IFS).

IFS Deputy Director Carl Emmerson told Jo Coburn on the Daily Politics about the challenges ahead for the UK and Scotland in the coming years following the publication of its report, looking at taxes and spending levels now and in the future.

He predicted: "Some combination of tax rises or spending cuts would look likely."

Scottish independence: Swinney on IFS financial report

BBC Index: Scotland's Future

More from the Daily and Sunday Politics: Watch full programmes from the last seven days via BBC iPlayer; 'like' us on Facebook page or 'follow' us on Twitter

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.