ref date:20 Nov 2000 (SI)
Scots better of as an independent state
A London accountancy firm has calculated that an
independent Scotland could cut income tax by 9p in the
pound. The City firm Chantrey Vellacott makes regular
predictions about the impact of oil prices on the UK
economy, and its findings have been seized on in the
past by both Nationalists and opponents.
In the latest of a series of projections, the firm claims that
at $30 a barrel and the current exchange rate,
Scotland's 80% share of reserves would bring in £6.8bn
in contrast to an estimated underlying deficit of £4.4bn.
SNP Shadow Finance Minister Andrew Wilson called
this "game, set and match" to the case for
Labour lackie State Brian
Wilson responded: "You cannot base the economy on a
commodity that fluctuates as wildly as the price of crude
Then why are the Norwegians (oil rich)better of than the Scots? Their
government is also investing in the countries future whilst Scots taxes
and oil revenue is washed away in English stupidity.