In response to John Swinney

swinney

John Swinney’s letter in the Scotsman today makes interesting reading, particularly his belief that “Scotland will prosper best when all revenue raised here stays here”.

His own government’s March 2014 GERS data shows that, including oil revenue, Scotland spends more than it earns (deficit) to a greater extent than the rest of the UK. The data also shows that the Scots deficit is one of the largest in the western world. This situation will have worsened considerably due to the oil price crash.

This means that right now Scotland is actually benefiting considerably from what Gordon Brown termed a “pooling and sharing of resources” within the UK. If Mr Swinney feels that Scotland would somehow benefit from shouldering the full impact of the oil price crash alone, I would be very interested in seeing his detailed analysis.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s