ref date:8 Oct 1999 (ECON)
Labour stealing EU money from the Scots
Andrew Wilson, SNP spokesman, said of the scandal whereby the Westminster treasury takes cash allocated by Europe for Scotland alone into its 'care' and then redistributes SOME of it according to the Barnett formula that
"The whole issue has been
clouded in secrecy by the Treasury for a
quarter of a century. What is becoming
clear is that Scotland, despite having won
more than 20% of the UK's allocation of EU
funding, has received only about 9% of this
money. This is a shortfall of more than
£730m since 1993."
We Scots also know that we have given up 27billion pounds in oil revenue and that this continues to this day as North sea production is still high and prices
higher than in the early 80's.
The funds from the EU should be given to the Scottish parliament so Westminster cannot steal any of it, the funds should be 'ring fenced'.