THE recommendations of the Smith Commission are unlikely to meet the expectations of the public while a rushed devolution settlement risks leaving Scotland with "more responsibility, less money and not much power", leading academics have warned.

Speaking at an event run by the Scottish Constitutional Futures Forum, experts also said that even if Holyrood does receive wide-ranging tax-raising powers, the state of the economy meant the Scottish Government would be unlikely to take radical action to successfully spark growth or reshape society.

The body was set up as a non-partisan forum for discussions around Scotland's constitutional future in the run-up to the referendum, and is now focusing on the devolution settlement that is to be hammered out.

A package of recommendations is due to be unveiled by the end of this month, after discussions between the major political parties.