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30 April, 2007

The Scottish gamble

Evan Davis, the BBC's economics editor, examines the case for (and against) Scottish independence from the UK, in the context of the economic viability rather than the emotional and political issues usually discussed.

Sounds very promising to me.

Comments

check out this week's "The Week", p.13, for a similar analysis, tho with less upbeat conclusion.

it also has a less extrapolated set of figures (taken from the reports by the Scottish Executive called GERS: govt expenditure + revenue in scotland). summary: 2004-5: total expenses 47.7bn. total revenue ex. north sea = 36.4bn. total revenue incl. north sea (taxes + all output revenue) = ~42bn. north sea output peaked in 1999 and has fallen ever since, currently at half peak.

Posted by Saltation at April 30, 2007 11:38 PM
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