Quote:
Originally Posted by monkey hanger
at least we will not be picking it up then. how much do they get from westminster anyway.
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Very, very difficult to calculate, MH.
The SNP claim Scotland has (note past tense) subsidised the U.K. over the past 40 years on the basis that Scotland ‘owns’ (or should it be owned!) most of the North Sea oil revenues. However, this is based on a very convoluted formula that makes much of the boom of oil prices in the 1980s and only goes back 30 odd years.
https://www.channel4.com/news/factch...rest-of-the-uk
However, the Times reported that
Nicola Sturgeon denied that Scotland was being subsidised by Westminster after figures showed that public spending north of the border is more than £1,500 per person higher than the figure for the whole of the UK.
Scotland’s notional fiscal deficit — the gap between what it raises and what it spends — was £13.4 billion in the 2017-18 financial year, down £1 billion compared with the previous year. However, this represents 7.9 per cent of GDP, compared with the 1.9 per cent recorded for the UK as a whole, and more than double the limit allowed by the European Union for independent member states. The spending gap is most pronounced in the amount of money spent on public services.
Somewhat ironic then that, we’re Scotland a soviet of the EU, it would NOT be allowed such a fiscal deficit.