SCOTTISH LABOUR leader Johann Lamont yesterday warned that independence would bring a new wave of austerity for families in Scotland, while SNP Finance Secretary John Swinney claimed it could could transform the economy and move the country towards full employment.

Speaking in Glasgow, Johann Lamont said Scotland would face spending cuts or tax rises to maintain public services as a consequence of a Yes vote in next month’s referendum.

“The cuts will hit families and the least well-off the hardest,” she said.