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Old 24-08-2020, 11:14   #3248
nomadking
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Re: Will Scotland Leave the UK?

Quote:
Originally Posted by 1andrew1 View Post
A vote for the SNP may not always be a vote for independence but there has been consistent polling in the last few months favouring independence - the first time this has happened.
What matters is when you get down to the nitty-gritty of asking the awkward questions, as to what happens afterwards. While there's no real discussion taking place at the time, people are unlikely to change their minds.


They keep going on about "if only we'd been allowed to keep the oil money", but the oil revenues only cover a fraction of their annual deficit. There would've been no, or at best little surplus to invest anywhere.

Eg Even in the "golden days" of high oil prices of 2011/12, there was no money left over to invest anywhere. That's with 100% of oil being attributed to Scotland.

Quote:
The latest figures from GERS (Government Expenditure and Revenue Scotland) for 2011-12 show that £11.25bn was paid into the UK exchequer from North Sea revenues, historically high oil prices and a raised supplementary tax rate made it one of the largest figures ever
Link

Quote:
In 2012-13, Scotland's estimated net fiscal balance was a deficit of £17.6 billion (14.0% of GDP) when excluding North Sea revenue,
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