Why Scotland's huge deficit means that numbers for independence don't add up
5 years, 4 months ago

Why Scotland's huge deficit means that numbers for independence don't add up

The Telegraph  

Which country in the developed world has the biggest budget shortfall? Its £13bn shortfall is equivalent to more than half the UK’s total notional fiscal deficit despite having less than a tenth of the population, it was revealed this week. While the UK’s deficit almost halved to 1.1pc of GDP in 2018/19, the figure for Scotland fell 1.1 percentage points to a still eye-watering 7pc. Momentum is gathering behind Nicola Sturgeon and the SNP’s renewed push for independence, but the huge budget black hole raises serious questions over whether Scotland’s spending could be sustainable if it broke away. Scotland has a similar deficit per person to the north of England, while Northern Ireland and Wales have an even higher shortfall per person.

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History of this topic

Budget fails to tackle slow economic growth, says Labour
1 month ago

Budget fails to tackle slow economic growth, says Labour

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The SNP’s Budget fails to tackle slow growth and continues …

Scotland’s GDP fails to grow as much as predicted, figures show
2 years, 11 months ago

Scotland’s GDP fails to grow as much as predicted, figures show

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Scotland’s Gross Domestic Product grew by less than previously believed …

Scotland's deficit more than half the UK total in blow to Nicola Sturgeon independence case
5 years, 4 months ago

Scotland's deficit more than half the UK total in blow to Nicola Sturgeon independence case

The Telegraph  

Scotland's deficit is the equivalent of more than half the entire UK's thanks to public spending being £1,600 higher per person, according to official figures that damage Nicola Sturgeon’s independence case. The 2018/19 report showed the £12.6 billion deficit was the equivalent of more than half the £23.5 billion recorded for the entire UK, despite Scotland having only 8.3 per …

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