Scottish Referendum / Independence - Vol 8
Discussion
https://www.theguardian.com/uk-news/2019/aug/21/sc...
Burger you are half of the entire UKs deficit.
You then posted about Wales deficit and simply added Scotland plus Wales and that’s more than the total deficit so ???
Hint NIreland Scotland and Wales are in deficit yet England is massively in surplus to pull the weighted average down to £23odd billion or barely 1% of U.K. GDP.
Given you say / state your in “finance” such naive statements does raise question marks - then again I guess bank Clerks still exist
Burger you are half of the entire UKs deficit.
You then posted about Wales deficit and simply added Scotland plus Wales and that’s more than the total deficit so ???
Hint NIreland Scotland and Wales are in deficit yet England is massively in surplus to pull the weighted average down to £23odd billion or barely 1% of U.K. GDP.
Given you say / state your in “finance” such naive statements does raise question marks - then again I guess bank Clerks still exist
Edinburger said:
Seriously?How can 8.2% of the population amass 60% of the debt? By the way, £12.6 + £13.7 = £26.3 i.e. England has allocated 111% of the UK deficit to Scotland and Wales.
No what is interesting, is that all sides of the debate have celebrated the GERS figures. Yes, really. The SNP are arguing Scottish revenue is enough to cover all devolved spending as well as all state pensions and social protection ad revenue has exceeded £60bn for the first time.
Edinburger said:
Seriously?How can 8.2% of the population amass 60% of the debt? By the way, £12.6 + £13.7 = £26.3 i.e. England has allocated 111% of the UK deficit to Scotland and Wales.
No what is interesting, is that all sides of the debate have celebrated the GERS figures. Yes, really. The SNP are arguing Scottish revenue is enough to cover all devolved spending as well as all state pensions and social protection ad revenue has exceeded £60bn for the first time.
Scotland spend more than they earn, deficit £12.6B
Wales spends more than it earns, deficit £13.7B
Total deficit £26.3B
England can run a country profitably and makes a profit of £3.1B
UK deficit £26.3B -£3.1B. Total deficit £23.5B
Or with 8% of the population Scotland is responsible for 48% of the UK debt
Edinburger said:
Seriously?How can 8.2% of the population amass 60% of the debt? By the way, £12.6 + £13.7 = £26.3 i.e. England has allocated 111% of the UK deficit to Scotland and Wales.
No what is interesting, is that all sides of the debate have celebrated the GERS figures. Yes, really. The SNP are arguing Scottish revenue is enough to cover all devolved spending as well as all state pensions and social protection ad revenue has exceeded £60bn for the first time.
(Ie it is populated by more people, not more dense people
).This is like when SNP tried to falsely claim Scotland sends more to the UK exchequer than it spends because it was 8.5% of revenue but only 8.2% of spending or something.
Evercross said:
technodup said:
Edinburger said:
I think the problem is that GERS doesn't and can't reflect the position of Scottish economy. The Scottish and UK economies are too deeply integrated to be analysed separately
Too integrated to analyse but not too integrated to rip up the union and hope for the best?Seems legit.
Edited by Evercross on Wednesday 21st August 20:05
simoid said:
Edinburger said:
Seriously?How can 8.2% of the population amass 60% of the debt? By the way, £12.6 + £13.7 = £26.3 i.e. England has allocated 111% of the UK deficit to Scotland and Wales.
No what is interesting, is that all sides of the debate have celebrated the GERS figures. Yes, really. The SNP are arguing Scottish revenue is enough to cover all devolved spending as well as all state pensions and social protection ad revenue has exceeded £60bn for the first time.
(Ie it is populated by more people, not more dense people
).This is like when SNP tried to falsely claim Scotland sends more to the UK exchequer than it spends because it was 8.5% of revenue but only 8.2% of spending or something.
It’s o secret that Scotland has a spending deficit and I obviously realise that GERS is assessed by the UK Statistics Authority as being in line with the Code of Practice for Official Statistics. However, it’s worth noting that Scotland's tax income was £307 (per person) less than the UK’s figure and spend was £1,660 per person higher than the UK, and only London and the South East raise more per head than Scotland.
While GERS is interesting it is not indicative of how an independent Scotland would perform.
voyds9 said:
Edinburger said:
Seriously?How can 8.2% of the population amass 60% of the debt? By the way, £12.6 + £13.7 = £26.3 i.e. England has allocated 111% of the UK deficit to Scotland and Wales.
No what is interesting, is that all sides of the debate have celebrated the GERS figures. Yes, really. The SNP are arguing Scottish revenue is enough to cover all devolved spending as well as all state pensions and social protection ad revenue has exceeded £60bn for the first time.
Scotland spend more than they earn, deficit £12.6B
Wales spends more than it earns, deficit £13.7B
Total deficit £26.3B
England can run a country profitably and makes a profit of £3.1B
UK deficit £26.3B -£3.1B. Total deficit £23.5B
Or with 8% of the population Scotland is responsible for 48% of the UK debt
tim0409 said:
Edinburger said:
Seriously?How can 8.2% of the population amass 60% of the debt? By the way, £12.6 + £13.7 = £26.3 i.e. England has allocated 111% of the UK deficit to Scotland and Wales.
Edinburger said:
It’s true that Scotland has more people living in towns and villages than in cities which means more spend.
It’s o secret that Scotland has a spending deficit and I obviously realise that GERS is assessed by the UK Statistics Authority as being in line with the Code of Practice for Official Statistics. However, it’s worth noting that Scotland's tax income was £307 (per person) less than the UK’s figure and spend was £1,660 per person higher than the UK, and only London and the South East raise more per head than Scotland.
While GERS is interesting it is not indicative of how an independent Scotland would perform.
You can continue to believe that if you like but, as another poster has said, it’s just Ostrich syndrome.It’s o secret that Scotland has a spending deficit and I obviously realise that GERS is assessed by the UK Statistics Authority as being in line with the Code of Practice for Official Statistics. However, it’s worth noting that Scotland's tax income was £307 (per person) less than the UK’s figure and spend was £1,660 per person higher than the UK, and only London and the South East raise more per head than Scotland.
While GERS is interesting it is not indicative of how an independent Scotland would perform.
Why do you think Scotland’s tax income per person is lower than that of the UK average. Why do you think Scotland’s spend is massively higher than that of the UK average? When you’ve worked it out, and it isn’t difficult, you will see that GERS is not that wide of the mark and however you cut it Scotland can not afford independence without a massive hit to it’s standard of living.
Stop trying to deny it and just prepare to be really, really poor but ‘free’.
Edinburger said:
voyds9 said:
Edinburger said:
Seriously?How can 8.2% of the population amass 60% of the debt? By the way, £12.6 + £13.7 = £26.3 i.e. England has allocated 111% of the UK deficit to Scotland and Wales.
No what is interesting, is that all sides of the debate have celebrated the GERS figures. Yes, really. The SNP are arguing Scottish revenue is enough to cover all devolved spending as well as all state pensions and social protection ad revenue has exceeded £60bn for the first time.
Scotland spend more than they earn, deficit £12.6B
Wales spends more than it earns, deficit £13.7B
Total deficit £26.3B
England can run a country profitably and makes a profit of £3.1B
UK deficit £26.3B -£3.1B. Total deficit £23.5B
Or with 8% of the population Scotland is responsible for 48% of the UK debt
Added to that why bring up GERS if you didn't want to debate it?
Garvin said:
Edinburger said:
It’s true that Scotland has more people living in towns and villages than in cities which means more spend.
It’s o secret that Scotland has a spending deficit and I obviously realise that GERS is assessed by the UK Statistics Authority as being in line with the Code of Practice for Official Statistics. However, it’s worth noting that Scotland's tax income was £307 (per person) less than the UK’s figure and spend was £1,660 per person higher than the UK, and only London and the South East raise more per head than Scotland.
While GERS is interesting it is not indicative of how an independent Scotland would perform.
You can continue to believe that if you like but, as another poster has said, it’s just Ostrich syndrome.It’s o secret that Scotland has a spending deficit and I obviously realise that GERS is assessed by the UK Statistics Authority as being in line with the Code of Practice for Official Statistics. However, it’s worth noting that Scotland's tax income was £307 (per person) less than the UK’s figure and spend was £1,660 per person higher than the UK, and only London and the South East raise more per head than Scotland.
While GERS is interesting it is not indicative of how an independent Scotland would perform.
Why do you think Scotland’s tax income per person is lower than that of the UK average. Why do you think Scotland’s spend is massively higher than that of the UK average? When you’ve worked it out, and it isn’t difficult, you will see that GERS is not that wide of the mark and however you cut it Scotland can not afford independence without a massive hit to it’s standard of living.
Stop trying to deny it and just prepare to be really, really poor but ‘free’.
Scotland is a third of GB’S landmass with 8% if the UK population. Cost of living is different to most other parts of the UK. Work out the differences.
By the way, the answer is NOBODY KNOWS.
Edinburger said:
Murph7355 said:
Edinburger said:
Yep. And the “Northern Powerhouse”?
Part of England last time I looked. So read voyds9's post again without getting upset this time 
Freezing council tax for so so long when all of rUK has been increasing it year on year to fund local services. You’ve now such an increase to make its unpalatable
Edinburger said:
Of course independence would bring a massive hit. That’s not the question: the question is how would iScotland’s economy perform 5/10/50 years after independence.
Scotland is a third of GB’S landmass with 8% if the UK population. Cost of living is different to most other parts of the UK. Work out the differences.
By the way, the answer is NOBODY KNOWS.
50 years! You are Jacob Rees-Mogg AICMFP Scotland is a third of GB’S landmass with 8% if the UK population. Cost of living is different to most other parts of the UK. Work out the differences.
By the way, the answer is NOBODY KNOWS.
Nobody knows - true but there are a few fundamentals to consider. Scotland has an unhealthy population which creates a big drain on resources and a reduction in revenue, a double whammy.
To retain your standard of living revenue will need to be substantially increased and this can only come from taxation. Raising both personal and commercial taxes risks a brain drain in both people and industry which could well put Scotland in a damaging downward spiral. Remember, the Northern Powerhouse is just down the road!
If taxation is not increased, public services will take a huge hit. This, in itself, risks the same brain drain as above.
Note also that in any brain drain it is the brightest and wealthiest that will move which just exacerbates the problem further.
In summary, Scotland can not afford independence, the brightest in society know it as do the politicians and only the stupid nats can’t see it and will end up the worst off in the new, independent Scotland. Riots? I think Scotland would do well just to suffer the odd riot, and blaming ‘Wastemonster’ won’t save you.
Without something akin to North Sea Oil an independent Scotland is fuber’d. End of.
That is why it’s never going to happen and Sturgeon must know it. She’s just stringing you all along to retain power - you are being taken for idiots and, quite frankly, Scotland has brought it on itself.
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