Full fiscal autonomy (FFA) – also known as devolution max,[1] devo-max,[2] or fiscal federalism[3] – is a particular form of far-reaching devolution proposed for Scotland and for Wales. The term has come to describe a constitutional arrangement in which instead of receiving a block grant from His Majesty's Treasury as at present, the Scottish Parliament or the Senedd would receive all taxation levied in Scotland or Wales; it would be responsible for most spending in Scotland or Wales but make payments to the UK government to cover Scotland or Wales's share of the cost of providing certain UK-wide services, largely defence and foreign relations. Scottish/Welsh fiscal autonomy – stopping short of full political independence – is usually promoted by advocates of a federal United Kingdom.
- ^ McLeish reiterates support for devo-max Archived 19 January 2012 at the Wayback Machine www.holyrood.com, accessed 23 October 2011
- ^ "Embrace devo-max, Labour told". The Scotsman. 26 October 2011. Retrieved 15 November 2011.
- ^ MacDonald, Ronald; Hallwood, Paul (July 2004). "The Economic Case for Fiscal Federalism in Scotland". Working papers. Stamford: University of Connecticut, Department of Economics. p. 95. Retrieved 18 November 2011.