Prime Minister David Cameron wants to offer Scotland control of 70% of all money it raises if it votes against independence. He is prepared to hand over more fiscal responsibility if Scotland reject breaking up the Union, and their amount of control would increase substantially from 6% to 70%.
There are reports that his offer could also include complete control of income tax. Scotland already have the power to raise or lower the tax by 3%. Mr Cameron is not expected to hand over control of corporation tax to Scotland, however, for fear that the Nationalist government will use it as a weapon against Westminster.
According to official figures, Scots have £1000 more spent on them per head by the government than English residents. A referendum of independence is due to be held in 2014.
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