Scotland in stronger budget position than the UK as a whole, new figures find

[Graham]

Scotland in stronger budget position than the UK as a whole, new figures find
http://news.stv.tv/politics/259355-s...s-new-figures/

Figures show that Scotland generates 9.4% of UK tax but only has 8.4% of the UK population.

22 June 2011 10:03 GMT


Scotland in stronger budget position than the UK as a whole, new figures find

Scotland is in a stronger budget position than the UK as a whole for the fifth consecutive year, according to new figures.

Government and Expenditure Revenue Scotland 2009-10 figures show that, including a geographical share of UK North Sea oil and gas revenues, Scotland contributed 9.4% of UK public sector revenue and received 9.3% of total UK public sector expenditure, including a per capita share of UK debt interest payments.

Including a geographical share of North Sea revenues, Scotland's estimated current budget balance in 2009-10 was a deficit of £9bn, or 6.8% of GDP - stronger than the UK-wide deficit of £107.3bn, or 7.6% of GDP for the same year, including 100% of North Sea revenues.

In terms of the net fiscal balance - which includes infrastructure investment for long-term benefit - Scotland was again in a stronger position than the UK:, with a deficit of 10.6% of GDP, compared to 11.1% for the UK as a whole.

Commenting on the figures, Finance Secretary John Swinney said: "Scotland has now been in a stronger financial position that the UK as a whole for each of the last five years. Once again, the official GERS figures show that Scotland contributes more to the UK exchequer than we receive in public spending.

"Despite the fall in North Sea revenues to £6.5bn in 2009-10 - less than half the level for this year - Scotland still contributed far more to the UK exchequer than our share of population, which underlines the breadth and strength of Scotland's finances, and the opportunities of financial responsibility and independence.

"Scotland generated 9.4% of UK tax with 8.4% of the population - the equivalent of £1,000 extra for every man, woman and child in Scotland.

"The figures also show that in 2009-10, at the height of the UK recession, half of the £2.8bn increase in public spending in Scotland was for social protection measures such as unemployment benefits, while increased spending by the Scottish Government on the health service also accounted for a significant share of the rise.

"We know that Scotland's oil and gas resources represent a trillion pound asset base - worth more than ten times Scotland's share of a UK debt built up by successive Westminster governments. And we also know that North Sea revenues are on a sharply rising curve - in 2010-11 they were £8.8bn, and this year the North Sea is forecast to generate an all-time record £13.4bn in tax revenue. Indeed, over the next five years North Sea oil and gas is forecast to raise £61bn in tax revenue, 35% more than during the previous five years.

"Unlike successive UK governments, the Scottish Government has run a balanced budget every year since 2007, and we now urgently need new levers to promote economic recovery in Scotland, such as access to enhanced borrowing powers, corporation tax, excise duties and the Crown Estate."

I wonder if the Daily mail will write up about this. I doubt it

[antonio]

Well, event from distance it shows to be pretty evident that English parasital castes (just if because a slighty better climate so kind to that sort of organisms) are lot more abundant than Scottish ones.

Hence, what if Cameron start promoting state houses for free at Highlands? If there were a relevant percentage of so desperate ones to accept such relocation then you're lost.

[Beorn]

Is that before or after they figure in the English and Shetlanders oil and gas revenues?

[Trog]

there are no English oil reserves, they're all in Scottish territory. Shetlanders are Scottish too, doh!

[Beorn]

there are no English oil reserves, they're all in Scottish territory. Shetlanders are Scottish too, doh!

Scotland stole English rights to the fields by altering the territorial sea borders in 1963.

Shetlanders seem quite independently motivated. I reckon England should finance this.

[Treffie]

Scotland stole English rights to the fields by altering the territorial sea borders in 1963.

Umm, no.

[Beorn]

Umm, no.

Um, yes. Interestingly though, under Blair in 1999, England regained some of the territory back but still not what belongs to us.

[Magister Eckhart]

Completely unsurprising - they're Scots! Of course they're good with money. Next to the Jews, the most stereotyped group of people on earth for being penny-pinchers and good businessmen are the Scots.

Correct me if I'm wrong but wasn't there recently an article that showed that it was essentially Scots who were responsible for the success of the British Empire?

[Beorn]

Completely unsurprising - they're Scots! Of course they're good with money. Next to the Jews, the most stereotyped group of people on earth for being penny-pinchers and good businessmen are the Scots.

Dwarfs are supposedly modelled on the Jews, and in LOTR Gimli has a Scottish accent.

It makes me giggle.

[Albion]

there are no English oil reserves, they're all in Scottish territory. Shetlanders are Scottish too, doh!

There is... 1% of the oil lies in undisputably English waters... we got 90% of the gas, Scotland got 99% of the oil.
Just our bloody luck, we get the resource of less value.. But when you're warm and cosy in your house next winter, just remember that you'd be growing icicles from your noses if it wasn't for our gas.

Umm, no.

Wrong, try again. That map is piss-poor and outdated I'm afraid.

Correct me if I'm wrong but wasn't there recently an article that showed that it was essentially Scots who were responsible for the success of the British Empire?

Not really. They were good administrators and settlers - as were the English, the Irish were the settlers and the English largely financed it.