Scottish independence: Economic performance would be 'transformed' 19 November 2013 Last updated at 08:20 Independence would "transform" Scotland's economic performance, according to Scottish ministers. They will launch a 200-page report later setting out the economic levers which would be available to boost growth and create jobs. Options include cutting corporation tax to attract investment. It follows warnings that an independent Scotland would struggle to cope with declining oil revenues and an ageing population. Former chancellor and leader of the Better Together campaign, Alistair Darling, told BBC Radio Scotland's Good Morning Scotland programme that in an independent Scotland the burden of the growing elderly would "fall on a population of five million, instead of 60 million [as part of the UK]." First Minister Alex Salmond and Finance Secretary John Swinney will launch the government's report in Dundee. It is the last of a series of documents ahead of next week's publication of the Scottish government's White Paper on independence. It will set out the entire range of economic powers which would be available under independence - along with the argument that sensitive, sensible use of those powers would produce policies better tailored to Scotland's needs. As well as a cut in corporation tax, the options outlined are also expected to include providing inducements to employers - perhaps through national insurance - to take on workers and offering incentives for innovation. Speaking ahead of the launch in Dundee, Mr Swinney said: "Scotland can more than afford to be an economically successful independent country. We have huge natural assets and talent, which are being held back by Westminster's economic policies - and the essential point of independence is to equip Scotland with the competitive powers we need to make the most of our people, our abilities and our natural resources in the best interests of the people of Scotland. Scotland is a wealthy country. In each of the last 30 years we paid more in tax per head than the rest of the UK combined. We have vibrant industries in areas such as life sciences, renewable energy, tourism and financial services but we have too many people who are not feeling the full benefit of that wealth. The report will look at the current position of the Scottish and UK economies and contrast Scotland's performance with the UK as a whole and with similar sized European countries. When, Who, What? The Scottish independence referendum takes place on Thursday, 18 September, 2014 Only voters in Scotland are eligible to take part in the poll They will be asked the straight "yes/no" question: "Should Scotland be an independent country? The finance minister added: "The key difference between Scotland and better performing independent European countries is that they have the ability to set economic policy in their own interests while economic policy in Scotland is determined by the one size fits all policies of Westminster. With independence we can bring together the full range of powers we need to improve economic growth, build a more secure future for Scotland and tackle inequality across society. The latest paper from the Scottish government comes a day after a report from the Institute for Fiscal Studies (IFS) which suggested that an independent Scotland would face big challenges ahead. Tax and spend The IFS forecast assumes a decline in North Sea oil revenues and a population ageing more rapidly than in the rest of the United Kingdom It warned an independent Scotland would need to cut spending or increase taxes for its finances to be sustainable in the long term. It said Scotland would face a "fiscal gap" of 1.9% of national income, compared to 0.8% for the UK. Better Together's Mr Darling said: "The report yesterday, which the nationalists simply dismissed, and I don't know why, because the IFS was merely pointing out publicly what John Swinney had told his colleagues in the Scottish cabinet privately, and that is we have a problem with an ageing population, which is likely to hit us just as the North Sea oil revenues start to decline quite sharply. John Swinney has told his colleagues there is a problem and that the burden is going to fall on a population of five million instead of 60 million.