Scottish Referendum / Independence - Vol 7

[Edinburger]

barryrs said:

Edinburger said:

Can everyone who is overly excited at the £15bn deficit please remember about economic cycles.

I've seen several posts by people clearly nursing semis which crys of "I want to vote them out". All a bit pathetic. Short memories, eh?

Cycle you say?

Yep. Cycle. Take that back to 1960.

[barryrs]

How?

Scotland couldn't run a deficit in 1960!

[A.J.M]

barryrs said:

How?

Scotland couldn't run a deficit in 1960!

Maybe that's the convenient time when oil started to flow.

Ignoring pretty much everything that went before that date. Because we don't go back further in time than when oil started to flow.

It's another damming GERS and the media and opposition parties should be all over it.

[technodup]

It's alright, never mind your cycles and deficits, the oracle has spoken.

The Fake Minister said:

The “status quo” position represented by GERS is now even more irrelevant as a comparison to an independent Scotland, because the choice on offer in any second indyref will almost certainly be between an independent Scotland inside the EU, and a Scotland that’s in the UK and outside the EU.

So have him, Juncker and Sturgeon been indulging in a grotesque spitroast that we don't know about or is he talking ste to the plebs?

Hmmm...

[simoid]

Edinburger said:

Can everyone who is overly excited at the £15bn deficit please remember about economic cycles.

I've seen several posts by people clearly nursing semis which crys of "I want to vote them out". All a bit pathetic. Short memories, eh?

Please tell us more about economic cycles re. Scotland spending more than is taxed.

[blinkythefish]

http://blogs.spectator.co.uk/2016/08/money-gone-ni...

[simoid]

technodup said:

It's alright, never mind your cycles and deficits, the oracle has spoken.

The Fake Minister said:

The “status quo” position represented by GERS is now even more irrelevant as a comparison to an independent Scotland, because the choice on offer in any second indyref will almost certainly be between an independent Scotland inside the EU, and a Scotland that’s in the UK and outside the EU.

So have him, Juncker and Sturgeon been indulging in a grotesque spitroast that we don't know about or is he talking ste to the plebs?

Hmmm...

Setting out the "positive position" of fairies and gold dust and EU membership despite meeting none of the criteria. Anyone who argues against is a scaremongering lickspittle unionist

[Big Rod]

simoid said:

I can see the headlines:

"Sturgeon demands second referendum by end of 2016"

"May hands Sturgeon metaphorical length of rope long enough for all SNP members, sets referendum date for 15th December"

It's somewhat Schadenfreude but I'd love to see that happen.

[r11co]

Edinburger said:

Yep. Cycle. Take that back to 1960.

I'll call your 1960, and raise you 1699.

[hidetheelephants]

A.J.M said:

barryrs said:

How?

Scotland couldn't run a deficit in 1960!

Maybe that's the convenient time when oil started to flow.

Ignoring pretty much everything that went before that date. Because we don't go back further in time than when oil started to flow.

It's another damming GERS and the media and opposition parties should be all over it.

The oil began to flow in meaningful amounts around 1972, although the big revenues didn't arrive until the Forties pipeline was started in 1975.

[Welshbeef]

Edinburger said:

barryrs said:

Edinburger said:

Can everyone who is overly excited at the £15bn deficit please remember about economic cycles.

I've seen several posts by people clearly nursing semis which crys of "I want to vote them out". All a bit pathetic. Short memories, eh?

Cycle you say?

Yep. Cycle. Take that back to 1960.

Why that date?
Why not 1701 including the Darian bail out? You usually seem to focus on oil period yet utterly ignore all he deficits for all the decades and centuries before that - why is that?

[wobert]

barryrs said:

Edinburger said:

Can everyone who is overly excited at the £15bn deficit please remember about economic cycles.

I've seen several posts by people clearly nursing semis which crys of "I want to vote them out". All a bit pathetic. Short memories, eh?

Cycle you say?

Well it does cycle, some years it's bad, some years it's horrendous...... :-)

[Welshbeef]

wobert said:

barryrs said:

Edinburger said:

Can everyone who is overly excited at the £15bn deficit please remember about economic cycles.

I've seen several posts by people clearly nursing semis which crys of "I want to vote them out". All a bit pathetic. Short memories, eh?

Cycle you say?

Well it does cycle, some years it's bad, some years it's horrendous...... :-)

And that graph misses out 2014/15 a £14.2billion gap and 2015/16 a £14.8billion gap - any chance it can be updated?




Also as Burger suggests can anyone compile a graph from 1960 to 2015/16?

[HD Adam]

Regarding the oil as a main component or bonus to the Scots economy, revenues went down from 1.8 Billion to 60 million.

Had revenues remained the same, Scotland would have been 13 Billion in the hole rather than 14.8 Billion.

How does that work then?

[TheRainMaker]

Smoke and mirrors.

Scotland would have had a massive deficit no matter what, the only way to get round it is, either raise taxes or lower spend, it's not rocket science.

Time for Holyrood to step up to the plate and sort things out IMO.

[Shar2]

Not sure if this is the right place to put this, but I see that a company called Solent Gateway is bidding to take over Marchwood military port near Southampton. Whether we should be selling off a secure port is besides the point, what is interesting is that Solent Gateway is partly owned by the Scottish Government. Why is the SG investing in English infrastructure, when it can't look after its own?

[Sylvaforever]

Shar2 said:

Not sure if this is the right place to put this, but I see that a company called Solent Gateway is bidding to take over Marchwood military port near Southampton. Whether we should be selling off a secure port is besides the point, what is interesting is that Solent Gateway is partly owned by the Scottish Government. Why is the SG investing in English infrastructure, when it can't look after its own?

leverage, dispicable as it seems.

[marshalla]

contango said:

Is that correct shar2?

I read this and there is no mention of scottish govt?

http://www.bbc.co.uk/news/uk-england-hampshire-347...

. http://www.endole.co.uk/company/09370825/solent-ga...

[Shar2]

http://www.dailyecho.co.uk/NEWS/14440480.Company_s...

[Ridgemont]

It's kind of interesting:

the Scottish Gov are single shareholders in http://www.david-macbrayne.co.uk/about-us (which operate CalMac ferries)

site said:

In 2006, major corporate restructuring related to the provision of both the Northern Isles ferry services and the Clyde and Hebrides ferry services took place. David MacBrayne Ltd., which had lain dormant for a number of years, was reactivated and became parent company to the companies which, following tender processes, took over operation of the Northern Isles services, NorthLink Ferries Ltd., and the Clyde & Hebrides ferry services, CalMac Ferries Ltd. It also included Cowal Ferries Ltd., which was set up in 2007 and to operate the Gourock - Dunoon service.

Ownership of the vessels and piers required for the operation of the Clyde & Hebrides ferry services was retained by Caledonian MacBrayne Ltd., which was renamed Caledonian Maritime Assets Ltd., and which remained wholly owned by Scottish Ministers.

In 2009, management restructuring took place under which the role of David MacBrayne Ltd. was extended to include both group policy and strategic matters, as well as providing some shared services to all group companies.

however questions have been asked previously as to why the Scottish Gov is investing south of the border:

http://www.heraldscotland.com/news/13215477.CalMac...

The scogov responded back last May

herald said:

A Scottish Government spokesman said minsters were always pleased to see Scottish companies succeeding in a competitive marketplace

He said: "Although DML's core market is Scotland, the company is keen to explore opportunities elsewhere which align with its business expertise and public service ethos.

"This strategy is supported by the Scottish Ministers as sole shareholder, who are particularly pleased to see DML extend its public service role."

Martin Dorchester, chief executive of DML, said the bid was a "clear reflection of the way the company is successfully working to diversify our business base giving the whole company greater strength and depth".

I am slightly intrigued that an operation wholey owned by the Scottish Government, and one turning in an ongoing operating loss, can be perceived as the optimum bidder for Marchwood but that's I guess the state of the marketplace...