It said that while this was progress, it was "not the destination", as it believes a ratio in the mid-30s is a sustainable position in the medium term.

BBC: Barclays announces 3,700 job cuts

To say that Scotland would face a more difficult fiscal position in the medium to long-term is not to say that an independent Scotland could not handle that, but to say that a serious debate is required about HOW it would handle it.

BBC: Scottish independence: not whether, but how?