The Scotsman

Fine figures?

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Scotland recorded a £13.4 billion gap between the amount spent on public services and taxes raised to pay for them, the latest GERS figures said. First Minister Nicola Sturgeon hailed the snapshot of Scotland’s improving finances.

It is now clear that the Scottish Government’s main objective is to continue to reduce the GERS deficit, before it considers another Independen­ce Referendum. Unlike Tax and Spend Labour, and Tory tax cuts for the rich, the Scottish Government will continue to squeeze public spending to achieve its GERS aim.

Samuel Coldstream Behold Scotland’s structural deficit. In the lifetime of the current Scottish Parliament, Scotland will rack up an accumulate­d deficit of c. £70bn. Add that to Scotland’s correct attributab­le share of UK national debt and by 2021 will have a share of the UK ND of well over £300Bn.

Icemodalit­y Richard Leonard said “People across Scotland are sick and tired of austerity.” But with spending £1,500 per head higher than the rest of the UK and a deficit 4x higher, people across Scotland haven’t experience­d anything like austerity.

Spooked Thanks to our high dependency on the Public Sector for jobs and the generous state benefit system, Scotland will not see the effects of austerity for another ten years.

La tête de bois Brexit is the elephant in the room. The English economy is on the brink of collapsing due to companies in the car industry, aero industry and banking sector are all ready to up sticks because they need access to the Single Market and Customs Union. And poor old England is leaving both. An Independen­t Scotland WILL have access to both and will attract huge inward investment.

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